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Sanwa Bank head to become president of UFJ Bank in Jan.

TOKYO, Japan - Tokai Bank President Hideo Ogasawara (L) and Sanwa Bank President Kaneo Muromachi shake hands at a press conference Sept. 10 in Tokyo. Ogasawara will become the chairman of UFJ Bank, to be created via the merger of the two banks Jan. 15, while Muromachi will assume the presidency.

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Sanwa, Tokai, Toyo banks to form UFJ Holdings

TOKYO, Japan - Sanwa Bank, Tokai Bank and Toyo Trust & Banking Co. have announced they will set up a joint holding company called ''UFJ Holdings Inc.'' in April 2001. Shaking hands at a news conference Oct. 4 are (from L to R) Tokai Bank President Hideo Ogasawara, Sanwa Bank President Kaneo Muromachi and Toyo Trust & Banking President Shunroku Yokosuka. UFJ, which stands for United Financial of Japan, will be based in Osaka, and the three banks will integrate their operations under the new holding company.

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Toyo Trust to join Sanwa-Tokai alliance

TOKYO, Japan - Shunroku Yokosuka, president of Toyo Trust & Banking Co., Kaneo Muromachi, president of Sanwa Bank, and Hideo Ogasawara, president of Tokai Bank, (from L to R) shake hands at a news conference held at Sanwa Bank's head office in Tokyo's Otemachi business district on July 5. The three banks have basically agreed to have Toyo Trust join the Sanwa-Tokai alliance to be formed in April 2001.

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Sanwa exec to become UFJ Bank president instead of Muromachi

TOKYO, Japan - Masashi Teranishi (file photo), senior managing director at Sanwa Bank, will become president of UFJ Bank when it is launched Jan. 15, and not Sanwa Bank President Kaneo Muromachi, as had been earlier decided, a Sanwa Bank spokesman said Dec. 21. The UFJ Financial Group comprising Sanwa Bank, Tokai Bank, and Toyo Trust & Banking Co.

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Sanwa Bank head to become president of UFJ Bank in Jan.

TOKYO, Japan - Tokai Bank President Hideo Ogasawara (L) and Sanwa Bank President Kaneo Muromachi shake hands at a press conference Sept. 10 in Tokyo. Ogasawara will become the chairman of UFJ Bank, to be created via the merger of the two banks Jan. 15, while Muromachi will assume the presidency.

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Muromachi-president-Sanwa_Bank-2

Kaneo MUROMACHI - the president of Sanwa Bank (May 22, 2000)

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FRC gives preliminary approval to UFJ launch

TOKYO, Japan - (From L to R) Kaneo Muromachi, president of Sanwa Bank, Hideyuki Aizawa, chairman of the Financial Reconstruction Commission (FRC), Hideo Ogasawara, president of Tokai Bank, and Shunroku Yokosuka, president of Toyo Trust & Banking Co., shake hands in Tokyo on Nov. 22 after the commission gave preliminary approval to a plan by the three banks to set up a joint holding company called ''UFJ Holdings Inc.'' in April 2001.

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Sanwa, Tokai, Toyo banks to form UFJ Holdings

TOKYO, Japan - Sanwa Bank, Tokai Bank and Toyo Trust & Banking Co. have announced they will set up a joint holding company called ''UFJ Holdings Inc.'' in April 2001. Shaking hands at a news conference Oct. 4 are (from L to R) Tokai Bank President Hideo Ogasawara, Sanwa Bank President Kaneo Muromachi and Toyo Trust & Banking President Shunroku Yokosuka. UFJ, which stands for United Financial of Japan, will be based in Osaka, and the three banks will integrate their operations under the new holding company.

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Toyo Trust to join Sanwa-Tokai alliance

TOKYO, Japan - Shunroku Yokosuka, president of Toyo Trust & Banking Co., Kaneo Muromachi, president of Sanwa Bank, and Hideo Ogasawara, president of Tokai Bank, (from L to R) shake hands at a news conference held at Sanwa Bank's head office in Tokyo's Otemachi business district on July 5. The three banks have basically agreed to have Toyo Trust join the Sanwa-Tokai alliance to be formed in April 2001.

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Sanwa, Tokai, Asahi banks to form banking group

TOKYO, Japan - Sanwa Bank, Tokai Bank and Asahi Bank announce March 14 they will set up a joint holding company in April 2001 to form Japan's 2nd largest banking group. Photo shows the three banks' presidents -- (from L to R) Kaneo Muromachi of Sanwa Bank, Tatsuro Ito of Asahi Bank and Hideo Ogasawara of Tokai Bank -- after making the announcement at a Tokyo hotel.