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Teranishi speaks to the media

TOKYO, Japan - Masashi Teranishi, president of UJF Bank President, speaks with members of the media following the inauguration of the bank through the merger of Sanwa Bank and Tokai Bank on Jan. 15.

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UFJ Bank inaugurated through Sanwa, Tokai merger

TOKYO, Japan - Chairman Hideo Ogasawara (L) and President Masashi Teranishi (R) cut tapes to inaugurate UFJ Bank at the bank's Tokyo headquarters building Jan. 15 through the merger of Sanwa Bank and Tokai Bank, both member firms of UFJ Holdings Inc. The merger gives UFJ Bank, with its corporate headquarters in Nagoya, 80 trillion yen in assets on an unconsolidated basis.

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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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(1)New banks, nonlife insurers kick off operations

TOKYO, Japan - Hideo Ogasawara, president of UFJ Holding Inc., a holding firm of Sanwa Bank, Tokai Bank and Toyo Trust & Banking Co., speaks at the company's opening ceremony in Tokyo on April 2. Three new megabank groups -- Sumitomo Mitsui Banking Corp., formed by the merger of Sumitomo Bank and Sakura Bank, Mitsubishi Tokyo Financial Group Inc., a merged body of the Bank of Tokyo-Mitsubishi, Mitsubishi Trust & Banking Co. and Nippon Trust Bank, as well as UFJ Holdings Inc. -- began operations the same day.

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3 UFJ banks to post losses

TOKYO, Japan - Executives of three Japanese banks to merge as UFJ Holdings Inc. in April announced at a news conference March 16 they will post losses in their March settlements to write off over 1 trillion yen in bad loans. Sanwa Bank, Tokai Bank and Toyo Trust & Banking Co. are the first major banks in Japan to formally announce losses in March book-closings for fiscal 2000.

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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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Hundreds of companies hold shareholders meetings

TOKYO, Japan - A shareholder (L) in Asahi Bank attends a shareholders meeting in Tokyo's Otemachi district on June 28. The bank was among about 200 companies in Japan that held their shareholders meetings that day. More meetings were to take place the following day. Asahi Bank recently announced it has canceled its planned integration with Sanwa and Tokai banks.

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Tokai and Sanwa to go ahead with merger plan

TOKYO, Japan - Kaneo Muromaci (L), president of Sanwa Bank, and Hideo Ogasawara, president of Tokai Bank, meet reporters at a news conference in Tokyo on June 15 follwong Asahi Bank's announcement of a decision to pull out of a tripartite alliance. Tokai and Sanwa said they have agreed to start talks on setting up a joint holding company in April 2001 and possibly a merger in April 2002.

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Asahi to pull out from integration with Sanwa, Tokai

TOKYO, Japan - Asahi Bank President Tatsuro Ito speaks at a news conference June 15 on his bank's decision to pull out of a planned integration of operations with two other major commercial banks -- Tokai Bank and Sanwa Bank. He said Asahi will realize its own strategy of evolving into a multiregional bank focusing on the Tokyo metropolitan area.

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Sanwa Bank, 5 finance firms to form marketing alliance

TOKYO, Japan - Junji Sugiyama (2nd from L), managing director of Sanwa Bank, announces at a news conference July 30 an agreement his bank reached with five other financial firms to form an alliance focusing on retail marketing and asset management.

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Sanwa Bank, Toyo Trust to form partnership

Sanwa Bank President Naotaka Saeki (L) shakes hands with Toyo Trust President Nobuyoshi Takeuchi at a Tokyo hotel Jan. 20 prior to a press conference to announce an agreement to expand their business collaboration, including pension services and sharing of their automatic teller machines.

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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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Teranishi speaks to the media

TOKYO, Japan - Masashi Teranishi, president of UJF Bank President, speaks with members of the media following the inauguration of the bank through the merger of Sanwa Bank and Tokai Bank on Jan. 15.

E

UFJ Bank inaugurated through Sanwa, Tokai merger

TOKYO, Japan - Chairman Hideo Ogasawara (L) and President Masashi Teranishi (R) cut tapes to inaugurate UFJ Bank at the bank's Tokyo headquarters building Jan. 15 through the merger of Sanwa Bank and Tokai Bank, both member firms of UFJ Holdings Inc. The merger gives UFJ Bank, with its corporate headquarters in Nagoya, 80 trillion yen in assets on an unconsolidated basis.

E

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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(1)New banks, nonlife insurers kick off operations

TOKYO, Japan - Hideo Ogasawara, president of UFJ Holding Inc., a holding firm of Sanwa Bank, Tokai Bank and Toyo Trust & Banking Co., speaks at the company's opening ceremony in Tokyo on April 2. Three new megabank groups -- Sumitomo Mitsui Banking Corp., formed by the merger of Sumitomo Bank and Sakura Bank, Mitsubishi Tokyo Financial Group Inc., a merged body of the Bank of Tokyo-Mitsubishi, Mitsubishi Trust & Banking Co. and Nippon Trust Bank, as well as UFJ Holdings Inc. -- began operations the same day.

E

3 UFJ banks to post losses

TOKYO, Japan - Executives of three Japanese banks to merge as UFJ Holdings Inc. in April announced at a news conference March 16 they will post losses in their March settlements to write off over 1 trillion yen in bad loans. Sanwa Bank, Tokai Bank and Toyo Trust & Banking Co. are the first major banks in Japan to formally announce losses in March book-closings for fiscal 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.

E

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.

E

Hundreds of companies hold shareholders meetings

TOKYO, Japan - A shareholder (L) in Asahi Bank attends a shareholders meeting in Tokyo's Otemachi district on June 28. The bank was among about 200 companies in Japan that held their shareholders meetings that day. More meetings were to take place the following day. Asahi Bank recently announced it has canceled its planned integration with Sanwa and Tokai banks.

E

Tokai and Sanwa to go ahead with merger plan

TOKYO, Japan - Kaneo Muromaci (L), president of Sanwa Bank, and Hideo Ogasawara, president of Tokai Bank, meet reporters at a news conference in Tokyo on June 15 follwong Asahi Bank's announcement of a decision to pull out of a tripartite alliance. Tokai and Sanwa said they have agreed to start talks on setting up a joint holding company in April 2001 and possibly a merger in April 2002.

E

Asahi to pull out from integration with Sanwa, Tokai

TOKYO, Japan - Asahi Bank President Tatsuro Ito speaks at a news conference June 15 on his bank's decision to pull out of a planned integration of operations with two other major commercial banks -- Tokai Bank and Sanwa Bank. He said Asahi will realize its own strategy of evolving into a multiregional bank focusing on the Tokyo metropolitan area.

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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.

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Sanwa Bank, 5 finance firms to form marketing alliance

TOKYO, Japan - Junji Sugiyama (2nd from L), managing director of Sanwa Bank, announces at a news conference July 30 an agreement his bank reached with five other financial firms to form an alliance focusing on retail marketing and asset management.

E

Sanwa Bank, 5 finance firms to form marketing alliance

TOKYO, Japan - Junji Sugiyama (2nd from L), managing director of Sanwa Bank, announces at a news conference July 30 an agreement his bank reached with five other financial firms to form an alliance focusing on retail marketing and asset management.

E

Sanwa Bank, Toyo Trust to form partnership

Sanwa Bank President Naotaka Saeki (L) shakes hands with Toyo Trust President Nobuyoshi Takeuchi at a Tokyo hotel Jan. 20 prior to a press conference to announce an agreement to expand their business collaboration, including pension services and sharing of their automatic teller machines. ==Kyodo