History
Yamagata Bank can trace its origins to 1878, when The 81st National Bank was founded. In 1897, this bank was later absorbed by the Ryouu Bank, which was established one year earlier. The bank merged with numerous small financial institutions over the first half of the 20th century, and finally changed its name to its present form in 1965. In October 2005, Yamagata Bank, along with the Saitama Resona Bank, 82 Bank and Hokkoku Bank jointly injected funds into Allegro MicroSystems, an American subsidiary of Sanken Electric Co. Ltd., after Sanken purchased Minnesota-based semiconductor producer PolarFab.
Read more about this topic: Yamagata Bank
Famous quotes containing the word history:
“To history therefore I must refer for answer, in which it would be an unhappy passage indeed, which should shew by what fatal indulgence of subordinate views and passions, a contest for an atom had defeated well founded prospects of giving liberty to half the globe.”
—Thomas Jefferson (1743–1826)
“All history and art are against us, but we still expect happiness in love.”
—Mason Cooley (b. 1927)
“Free from public debt, at peace with all the world, and with no complicated interests to consult in our intercourse with foreign powers, the present may be hailed as the epoch in our history the most favorable for the settlement of those principles in our domestic policy which shall be best calculated to give stability to our Republic and secure the blessings of freedom to our citizens.”
—Andrew Jackson (1767–1845)