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Ashikaga Bank ends operations under state control

UTSUNOMIYA, Japan - Ashikaga Bank President Satoru Fujisawa speaks during a news conference in Utsunomiya, Tochigi Prefecture, on July 1. Ashikaga Holdings Co., formed by an investment consortium, said the same day it has acquired all shares in Ashikaga Bank from the government, converting the once-nationalized bank into a wholly owned subsidiary.

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Ashikaga Bank, Misuzu Audit to settle damages suit

UTSUNOMIYA, Japan - Ashikaga Bank President Norito Ikeda speaks at a news conference in Utsunomiya, Tochigi Prefecture on July 2, announcing that the bank has reached a basic agreement with Misuzu Audit Corp. to settle their court battle in which the regional lender had sought 1.1 billion yen in damages from the audit firm in connection with the bank's 2003 nationalization.

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Ashikaga Bank incurs 679 bil. yen negative net worth

UTSUNOMIYA, Japan - Nationalized Ashikaga Bank President Norito Ikeda tells reporters in Utsunomiya, Tochigi Prefecture, on June 11 that the bank developed a negative net worth of 679.0 billion yen in fiscal 2003 due to a surge in loan-loss charges stemming mainly from stricter assessment of the performances of its corporate borrowers.

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Ashikaga Bank to cut 300 jobs, cut labor costs by 30%

UTSUNOMIYA, Japan - Ashikaga Bank President Norihito Ikeda speaks at a press conference in Utsunomiya, Tochigi Prefecture, on Feb. 6. He said the bank plans to cut about 300 jobs by the end of March 2006 under a restructuring program aimed at turning the temporarily nationalized bank around.

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Former Bank of Yokohama exec to head Ashikaga Bank

TOKYO, Japan - Norito Ikeda, former chief personnel officer of the Bank of Yokohama, speaks at a news conference in Utsunomiya, Tochigi Prefecture, on Dec. 16. The government decided to appoint him as president of the recently nationalized bank.

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Gov't OKs takeover of insolvent Ashikaga Bank

UTSUNOMIYA, Japan - Yoshiaki Higano, president of Ashikaga Bank, speaks to reporters at the bank's head office in Utsunomiya, Tochigi Prefecture, on Nov. 29 following a government decision to nationalize the insolvent regional bank.

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Gov't decides to nationalize insolvent Ashikaga Bank

TOKYO, Japan - Bank of Japan Governor Toshihiko Fukui is surrounded by reporters at the prime minister's office in Tokyo on Nov. 29 before attending a meeting of the Financial System Management Council there. The meeting decided to nationalize insolvent Ashikaga Bank, the regional bank in Tochigi Prefecture.

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Ashikaga Bank head to quit due to poor performance

UTSUNOMIYA, Japan - Ashikaga Bank President Shin Iizuka announces his resignation at a press conference in Utsunomiya, Tochigi Prefecture, on Oct. 16. He said he will resign next year to take the blame for the bank's failure to pay dividends on preferred shares, which the government purchased to help the bank boost its capital.

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Ashikaga Bank, Misuzu Audit to settle damages suit

UTSUNOMIYA, Japan - Ashikaga Bank President Norito Ikeda speaks at a news conference in Utsunomiya, Tochigi Prefecture on July 2, announcing that the bank has reached a basic agreement with Misuzu Audit Corp. to settle their court battle in which the regional lender had sought 1.1 billion yen in damages from the audit firm in connection with the bank's 2003 nationalization. (Kyodo)

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Ashikaga Bank ends operations under state control

UTSUNOMIYA, Japan - Ashikaga Bank President Satoru Fujisawa speaks during a news conference in Utsunomiya, Tochigi Prefecture, on July 1. Ashikaga Holdings Co., formed by an investment consortium, said the same day it has acquired all shares in Ashikaga Bank from the government, converting the once-nationalized bank into a wholly owned subsidiary. (Kyodo)

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Joyo, Ashikaga to inaugurate holding company Oct.1

Joyo Bank President Kazuyoshi Terakado (L) and Ashikaga Holdings Co. President Masanao Matsushita shake hands during a press conference in Tokyo on April 25, 2016, at which they announced their agreement to integrate their managements under a holding company to be named Mebuki Financial Group on Oct. 1 with assets totaling 15 trillion yen ($135 billion). (Kyodo) ==Kyodo

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Joyo, Ashikaga to inaugurate holding company Oct.1

Joyo Bank President Kazuyoshi Terakado (L) and Ashikaga Holdings Co. President Masanao Matsushita announce in Tokyo on April 25, 2016, that the two companies have formally agreed to integrate their managements under a holding company to be named Mebuki Financial Group on Oct. 1 with assets totaling 15 trillion yen ($135 billion). (Kyodo) ==Kyodo

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Kinkakuji Temple

Kinkakuji in the Kita district of Kyoto city. The temple was a mountain cottage of the Saionji family from the Kamakura to the Nanboku period. It was bought by Ashikaga Yoshimitsu as his retirement spot . A garden with Kyoko Pond in the center. The shariden (the receptacle of Buddha's ashes) built by the pond can be seen to the left. The first floor of the shariden was made in shinden tsukuri (palace of the Fujiwara style of architecture), the second floor is of shoin tsukuri (drawing room style), and the third floor is done in Chinese style enshrining the Buddha. The second and third floors are covered with gold, thus the name of Kinkaku(Golden Pavilion). To the left are the garden stones and the pine of the bank to the right.==Date:unknown, Place:Kyoto, Photo:Ogawa Kazumasa, (Credit:Nagasaki University Library/Kyodo News Images) [Cabinet Number5‐44‐0]

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Ashikaga Bank incurs 679 bil. yen negative net worth

UTSUNOMIYA, Japan - Nationalized Ashikaga Bank President Norito Ikeda tells reporters in Utsunomiya, Tochigi Prefecture, on June 11 that the bank developed a negative net worth of 679.0 billion yen in fiscal 2003 due to a surge in loan-loss charges stemming mainly from stricter assessment of the performances of its corporate borrowers. (Kyodo)

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Ashikaga Bank to cut 300 jobs, cut labor costs by 30%

UTSUNOMIYA, Japan - Ashikaga Bank President Norihito Ikeda speaks at a press conference in Utsunomiya, Tochigi Prefecture, on Feb. 6. He said the bank plans to cut about 300 jobs by the end of March 2006 under a restructuring program aimed at turning the temporarily nationalized bank around. (Kyodo)

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Former Bank of Yokohama exec to head Ashikaga Bank

TOKYO, Japan - Norito Ikeda, former chief personnel officer of the Bank of Yokohama, speaks at a news conference in Utsunomiya, Tochigi Prefecture, on Dec. 16. The government decided to appoint him as president of the recently nationalized bank. (Kyodo)

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Gov't OKs takeover of insolvent Ashikaga Bank

UTSUNOMIYA, Japan - Yoshiaki Higano, president of Ashikaga Bank, speaks to reporters at the bank's head office in Utsunomiya, Tochigi Prefecture, on Nov. 29 following a government decision to nationalize the insolvent regional bank. (Kyodo)

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Gov't decides to nationalize insolvent Ashikaga Bank

TOKYO, Japan - Bank of Japan Governor Toshihiko Fukui is surrounded by reporters at the prime minister's office in Tokyo on Nov. 29 before attending a meeting of the Financial System Management Council there. The meeting decided to nationalize insolvent Ashikaga Bank, the regional bank in Tochigi Prefecture. (Kyodo)

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Ashikaga Bank head to quit due to poor performance

UTSUNOMIYA, Japan - Ashikaga Bank President Shin Iizuka announces his resignation at a press conference in Utsunomiya, Tochigi Prefecture, on Oct. 16. He said he will resign next year to take the blame for the bank's failure to pay dividends on preferred shares, which the government purchased to help the bank boost its capital.