Daiichi Kangyo Bank [Stock] - Daiichi Kangyo Bank

Japanese: 第一勧業銀行[株] - だいいちかんぎょうぎんこう

It was established in 1971 by the merger of Daiichi Bank and the Industrial Bank of Japan. It was in the limelight as a pioneer of large-scale bank mergers, and maintained its position as the largest bank in Japan until the establishment of the Bank of Tokyo-Mitsubishi in 1996. It took over lottery trusteeship services from the Industrial Bank of Japan, and was well-liked as a familiar bank with its catchphrase "The Bank of the Heart." However, in 1997, the former president and others were arrested in a case of providing benefits to corporate racketeers, and some of the bank's operations were suspended, significantly damaging its image. In March 1999, when there were concerns about a financial crisis, the government introduced 900 billion yen in public funds. In September 2000, the Industrial Bank of Japan and Fuji Bank established a joint financial holding company, Mizuho Holdings, and in April 2002, the three banks, Daiichi Bank, Fuji Bank, and Industrial Bank of Japan, were split up and reorganized to form Mizuho Bank and Mizuho Corporate Bank.
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Source : Heibonsha Encyclopedia About MyPedia Information

Japanese:

1971年第一銀行と日本勧業銀行が合併し設立した。銀行の大型合併の先鞭として脚光を浴び，1996年に東京三菱銀行が誕生するまで，日本最大の銀行の地位を維持し続けた。日本勧業銀行から引き継いだ宝くじの受託業務を行い，〈ハートの銀行〉をキャッチ・フレーズに身近な銀行として好感を得ていたが，1997年総会屋への利益供与事件で元頭取等が逮捕され，一部業務停止処分を受けイメージを著しく損なった。金融危機が心配された1999年３月政府による公的資金9000億円を導入。2000年９月には日本興業銀行，富士銀行と共同金融持株会社，みずほホールディングスを設立し，2002年４月，第一勧業銀行，富士銀行，日本興業銀行の３行は分割・再編されて，みずほ銀行とみずほコーポレート銀行の２行となった。
→関連項目勧角証券［株］｜渋沢栄一｜中央信託銀行［株］｜長崎屋［株］｜古河財閥

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