The Aomori Bank, Ltd.
8342.T
Tokyo Stock Exchange1,910.00
JPY
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The Aomori Bank, Ltd.
8342.T
(Tokyo Stock Exchange)
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1,910.00
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- Business
- The Aomori Michinoku Bank, Ltd. (8342.T) operates as a regional bank providing comprehensive banking and financial services to individual and corporate customers primarily in Japan's Tohoku region. The bank offers deposit accounts and various time deposits; housing, remodeling, unoccupied house, automobile, education, card, and free loans; financing services; asset management solutions; personal annuity, whole life, medical, endowment, automobile, and travel insurance products; debit and credit cards; automatic transfer services; safe deposit boxes; internet banking; management consulting; pension-related services; securities trading and investment; domestic and foreign exchange; corporate bond underwriting and registration; real estate management and leasing; clerical services; credit card business; and mortgage loan credit guarantee services. It conducts a leasing business segment and maintains a network of approximately 178 branches across Aomori Prefecture and surrounding areas including Hokkaido, Akita, Iwate, Miyagi, and Saitama Prefectures. Founded in 1879 and headquartered in Aomori City, Japan, the bank functions as a subsidiary of Procrea Holdings, Inc. In March 2022, The Aomori Bank, Ltd. completed its acquisition of The Michinoku Bank, Ltd. for 35.8 billion yen through a joint share transfer under Procrea Holdings, significantly expanding its regional market share to around 70% in Aomori and strengthening operations from Aomori Prefecture to southern Hokkaido. Recent initiatives include the launch of the third series of prize-linked regular deposits in November 2025, introduction of electronic debt recording services such as "Densai Net" and "Densai Light" in November 2025, and ongoing SDGs private placement bond programs supporting local corporate sustainability efforts with community donations in December 2025. The bank continues to prioritize digital enhancements, including internet banking renewals, while issuing warnings on fraud prevention amid its community-focused expansion.