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Niigata Chuo Bank President Omori

Ryutaro Omori, president of Niigata Chuo Bank, speaks at a press conference at the bank's headquarters in the city of Niigata, northwest of Tokyo, on June 11, 1999, after the Financial Supervisory Agency ordered the second-tier regional bank based in Niigata Prefecture to replenish its depleted capital.

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Howa Bank seeking public funds for recapitalization

OITA, Japan - Business looks as usual on April 28 at Howa Bank, a second-tier regional bank based in Oita Prefecture, after it said it is considering applying to the Financial Services Agency for the injection of public funds to strengthen its depleted capital.

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Saikyo mulls scrapping plan to create Net bank with Livedoor

YAMAGUCHI, Japan - Mitsuhiro Ohashi, president of Saikyo Bank, a second-tier regional bank in Yamaguchi Prefecture, speaks to reporters in the city of Shunan in the prefecture on Jan. 24. Ohashi said the bank is considering scrapping a plan to set up an Internet bank with Livedoor Co.

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Chubu Bank files for insolvency proceedings with FSA

SHIZUOKA, Japan - Troubled Chubu Bank, a second-tier regional bank based in the city of Shizuoka, filed for insolvency proceedings with the Financial Services Agency (FSA) under the Deposit Insurance Law on March 8.

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Ishikawa Bank to file for bankruptcy

KANAZAWA, Japan - A security guard stands at an entrance to the head office of Ishikawa Bank, which has decided to file for bankruptcy with the Financial Services Agency, in Kanazawa on Dec. 28. The second-tier bank was to convene a board meeting later in the day to formalize the decision.

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Failed Niigata Chuo Bank closes after 59 years of operation

NIIGATA, Japan - Staff at the head office of Niigata Chuo Bank, a second-tier regional bank declared insolvent in October 1999, bow to customers in thanks May 11 as the bank closed down, bringing its 59-year history to a quiet end. The bank's operations are scheduled to be taken over May 14 by six regional banks.

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Kansai Sawayaka Bank launched, takes over failed Kofuku Bank

OSAKA, Japan - Shuichi Takahashi (2nd from L), president of Kansai Sawayaka Bank, takes part in a tape-cutting ceremony in front of the bank's head office in Osaka's Nishi Ward on Feb. 26. Kansai Sawayaka, created mainly by an investment fund led by U.S. financier Wilbur Ross, began operations the same day, taking over Kofuku Bank, a failed second-tier regional bank based in Osaka.

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Sakura Bank to acquire Minato Bank

TOKYO, Japan - Akishige Okada (L), president of Sakura Bank, and Keiichiro Yano, president of Minato Bank, smile to each other at a news conference June 9. Sakura Bank said it will acquire a controlling stake in Minato Bank, a second-tier regional bank based in Kobe, in the first takeover bid in the Japanese banking sector.

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Gov't takes control of Niigata Chuo Bank

TOKYO, Japan - The government's Financial Reconstruction Commission puts failed Niigata Chuo Bank, a second-tier regional bank based in Niigata on the Sea of Japan coast, under its control Oct. 2. Lawyer Tetsuya Sunada, certificate accountant Koichi Matsumura and the DIC as administrators, responsible for the bank's administration, operations and asset management, the commission's chief Hakuo Yanagisawa told a press conference.

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FRC declares Namihaya Bank insolvent

OSAKA, Japan - The Financial Reconstruction Commission (FRC) declared Namihaya Bank insolvent on Aug. 7, making it the sixth Japanese bank to be declared bankrupt under financial reconstruction legislation aimed at fixing the bad loan-saddled banking system. The photo shows the headquarters building in Osaka of the second-tier regional bank.

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FRC puts Kokumin Bank under its control

The Financial Reconstruction Commission (FRC) decided on April 11 to put Kokumin Bank, a Tokyo-based second-tier regional bank, under its control, FRC officials said. According to the officials, Kokumin Bank informed the commission earlier in the day that it could no longer sustain itself and was in danger of halting the withdrawal of deposits. The photo shows the bank's head office in Tokyo's Chiyoda Ward.

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Gov't ready to protect Kokumin Bank

This photo, taken on April 8, shows the headquarters of Kokumin Bank, a Tokyo-based second-tier regional bank, which the government may take measures to support after the Financial Supervisory Agency judged the bank has a 50 million yen capital deficit.

E

Ishikawa Bank to file for bankruptcy

KANAZAWA, Japan - A security guard stands at an entrance to the head office of Ishikawa Bank, which has decided to file for bankruptcy with the Financial Services Agency, in Kanazawa on Dec. 28. The second-tier bank was to convene a board meeting later in the day to formalize the decision.

E

Chubu Bank files for insolvency proceedings with FSA

SHIZUOKA, Japan - Troubled Chubu Bank, a second-tier regional bank based in the city of Shizuoka, filed for insolvency proceedings with the Financial Services Agency (FSA) under the Deposit Insurance Law on March 8.

E

Saikyo mulls scrapping plan to create Net bank with Livedoor

YAMAGUCHI, Japan - Mitsuhiro Ohashi, president of Saikyo Bank, a second-tier regional bank in Yamaguchi Prefecture, speaks to reporters in the city of Shunan in the prefecture on Jan. 24. Ohashi said the bank is considering scrapping a plan to set up an Internet bank with Livedoor Co. (Kyodo)

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Howa Bank seeking public funds for recapitalization

OITA, Japan - Business looks as usual on April 28 at Howa Bank, a second-tier regional bank based in Oita Prefecture, after it said it is considering applying to the Financial Services Agency for the injection of public funds to strengthen its depleted capital. (Kyodo)

E

FRC puts Kokumin Bank under its control

The Financial Reconstruction Commission (FRC) decided on April 11 to put Kokumin Bank, a Tokyo-based second-tier regional bank, under its control, FRC officials said. According to the officials, Kokumin Bank informed the commission earlier in the day that it could no longer sustain itself and was in danger of halting the withdrawal of deposits. The photo shows the bank's head office in Tokyo's Chiyoda Ward. ==Kyodo

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Failed Niigata Chuo Bank closes after 59 years of operation

NIIGATA, Japan - Staff at the head office of Niigata Chuo Bank, a second-tier regional bank declared insolvent in October 1999, bow to customers in thanks May 11 as the bank closed down, bringing its 59-year history to a quiet end. The bank's operations are scheduled to be taken over May 14 by six regional banks.

E

Kansai Sawayaka Bank launched, takes over failed Kofuku Bank

OSAKA, Japan - Shuichi Takahashi (2nd from L), president of Kansai Sawayaka Bank, takes part in a tape-cutting ceremony in front of the bank's head office in Osaka's Nishi Ward on Feb. 26. Kansai Sawayaka, created mainly by an investment fund led by U.S. financier Wilbur Ross, began operations the same day, taking over Kofuku Bank, a failed second-tier regional bank based in Osaka.

E

Sakura Bank to acquire Minato Bank

TOKYO, Japan - Akishige Okada (L), president of Sakura Bank, and Keiichiro Yano, president of Minato Bank, smile to each other at a news conference June 9. Sakura Bank said it will acquire a controlling stake in Minato Bank, a second-tier regional bank based in Kobe, in the first takeover bid in the Japanese banking sector.

E

4 execs of failed Kokumin Bank held over loan scandal

TOKYO, Japan - Hideyuki Suzuki (C), former vice president of the failed Kokumin Bank, is arrested in Tokyo on Nov. 30 on suspicion of dubious lending to a Tokyo karaoke-parlor management company. Suzuki, 66, was nabbed along with Yukio Okonogi, 66, president of the second-tier regional bank when the loans were made and two other former bank executives.

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Gov't takes control of Niigata Chuo Bank

TOKYO, Japan - The government's Financial Reconstruction Commission puts failed Niigata Chuo Bank, a second-tier regional bank based in Niigata on the Sea of Japan coast, under its control Oct. 2. Lawyer Tetsuya Sunada, certificate accountant Koichi Matsumura and the DIC as administrators, responsible for the bank's administration, operations and asset management, the commission's chief Hakuo Yanagisawa told a press conference.

E

FRC declares Namihaya Bank insolvent

OSAKA, Japan - The Financial Reconstruction Commission (FRC) declared Namihaya Bank insolvent on Aug. 7, making it the sixth Japanese bank to be declared bankrupt under financial reconstruction legislation aimed at fixing the bad loan-saddled banking system. The photo shows the headquarters building in Osaka of the second-tier regional bank.

E

Gov't ready to protect Kokumin Bank

This photo, taken on April 8, shows the headquarters of Kokumin Bank, a Tokyo-based second-tier regional bank, which the government may take measures to support after the Financial Supervisory Agency judged the bank has a 50 million yen capital deficit.