History
The forerunner to the Hokuto Bank was the Masuda Bank, established in Akita prefecture in 1895. Although the Masuda Bank merged with several other banks throughout the first half of the 1900s, it changed its name to its present form in 1993 when it merged with the Akita Akebo Bank. At the time of the merger, the name Komachi Bank was floated as a possible name, but was ultimately turned down in favor of the current form. The bank has gradually diversified its range of financial services, and began to offer insurance in 2002. Recently, the Hokuto bank has been involved in scandals, including embezzlement charges. This prompted the Japanese Financial Services Agency to request a plan to improve its governance. As a result, the Hokuto Bank has launched a series of initiatives, entitled Believe and, more recently, Breakthrough, to improve its governance.
Read more about this topic: Hokuto Bank
Famous quotes containing the word history:
“Social history might be defined negatively as the history of a people with the politics left out.”
—G.M. (George Macaulay)
“The history of all previous societies has been the history of class struggles.”
—Karl Marx (1818–1883)
“The history of men’s opposition to women’s emancipation is more interesting perhaps than the story of that emancipation itself.”
—Virginia Woolf (1882–1941)