The Sumitomo Bank, Limited (株式会社住友銀行, Kabushiki-gaisha Sumitomo Ginkō) was a Japanese bank based in Osaka.
It merged with Sakura Bank on April 1, 2001 to form Sumitomo Mitsui Banking Corporation.
The bank operated a U.S.-based subsidiary, Sumitomo Bank of California, which was founded in 1952 as a commercial lending institution catering to Japanese-Americans.[1] The U.S. subsidiary was put up for sale in 1997.[2]
Timeline
- November 1895: Sumitomo Bank is established as a private enterprise.
- March 1912: Sumitomo Bank reorganizes into a limited company. (Capital stock: ¥15 million)
- July 1945: Sumitomo Bank merges with Hannan and Ikeda Jitsugyo Banks. Kobe Bank begins trust business.
- October 1948: Sumitomo Bank is renamed Osaka Bank.
- May 1949: Osaka Bank's shares become listed on the Tokyo and Osaka stock exchanges. (Listed on Sapporo Securities Exchange in April 1950 and Nagoya Stock Exchange in March 1989.)
- December 1952: Osaka Bank's name restored as Sumitomo Bank.
- April 1965: Sumitomo Bank merges with Kawachi Bank.
- October 1986: Sumitomo Bank merges with Heiwa Sogo Bank.
- January 1989: Sumitomo Bank's shares become listed on the London Stock Exchange.
References
This Asian bank-related article is a stub. You can help Wikipedia by expanding it. |
This article about a Japanese corporation- or company-related topic is a stub. You can help Wikipedia by expanding it. |