Saitama Resona Bank Co., Ltd. (Japanese: Saitama Resona Bank Co., Ltd. さいたまりそなぎんこう， English notation: Saitama Resona Bank, Limited.) is a metropolitan bank under Risona Holdings, Japan. The headquarters is located in Uwara District, Saitama City, Saitama Prefecture.

Overview

Saitama Resona Bank is a subsidiary of Risona Holdings. It inherits the Saitama Prefectural store and the internal Tokyo Metropolitan branch of the old Rising Sun Bank.

In Saitama Prefecture, its main business area, it ranks first in both deposits and loans.

127 of the 132 stores are located in Saitama Prefecture. The stores outside Saitama Prefecture are the Tokyo branch, the "Seven Days Plaza Ikebukuro (Saitama Sales Department Ikebukuro Office) " in Ikebukuro, Toshima-ku, Tokyo, which is closely related to Saitama Prefecture, and the corporate business offices of Takasaki City and Ota City, Gunma Prefecture "Takasaki Corporate Office (Honjo Branch Takasaki Office) " "Ota Corporate Office (Kumagaya Branch Ota Office) ", etc.

Due to the inheritance of the past Saitama Bank, it is the designated financial institution of 61 autonomous bodies in Saitama Prefecture and the 64 autonomous bodies within the prefecture. In addition to some urban government offices and government offices with staff services, most urban government offices and government offices in Saitama Prefecture have ATMs in and around them.

Our store is located in Uwara District, Saitama City, and is the "Saitama Sales Department". This sales department was formerly the sales department of Saitama Bank's main store, so the floor area of its business room (window, lobby) is comparable to that of the sales department of a giant bank. The building also won the BCS award in 1977.

In addition to the Tokyo branch and the new Saitama Shintoshin branch in the era of Rising Sun Bank, the store uses more land buildings from the Saitama Bank era. In addition, some functions of the company exist in the Tokyo headquarters of Risona Holdings.

Because it is a base in Saitama Prefecture that inherited the old Rising Sun Bank, the personal financing ratio such as residential loans is also high, so the bad debt ratio is low. The debt-to-equity ratio at the time of establishment was only about 7% (about 10.78% at the 2009 (Heisei 21) intermediate final accounts), making it the only good bank in the Risona Group.

Because one of the predecessors, the old Saitama Bank, is a metropolitan bank, it is a BANCS franchise bank, but it is listed in the "regional bank/other" in the bank classification of the Financial Services Agency. Compared with the other four metropolitan banks (Mizuho Bank, Mitsubishi UFJ Bank, Sumitomo Mitsui Bank, and Risona Bank), which are directly supervised by the Financial Services Agency, the bank is supervised by the Kanto Finance Bureau like the local banks.

Unlike other companies in the Risona Group, Risona Bank Saitama has added "KOBATON", the mascot of Saitama Prefecture, to the design of cash bags, business cards, financial cards, etc.

The impact of special financial support from Risona Bank

In May 2003 (Heisei 15), Risona Bank submitted a precautionary capital injection application to the Koizumi Cabinet under the Pre-deposit Insurance Law, Article 102, Measure No. 1. After the government invested 1 trillion yen to acquire equity, Risona Bank was effectively nationalized.

Since this measure is aimed at Risona Bank, the local (Saitama Prefecture) pages of the Saitama News and National Newspapers do not discuss the impact on the prefecture's economy. Financial analysts and industry stakeholders believe that Risona Bank may be sold or independent, and the then governor of Saitama Prefecture, Yoshihiko Tsuya, who held the power to designate financial institutions in Saitama Prefecture, also did not independently express a positive view in the regular press conference on May 20, 2003 (Heisei 15).

However, at the end of May 2003 (Heisei 15), the president of Risona Holdings, Kenji Kawada, proposed to the government a business improvement plan including a 30% salary reduction and layoffs for members of the banks under Risona Holdings. The statement that "the overall business policy of the Risona Group will be supervised by the state" also hinted that there will be no major changes in the business side, putting a question mark on the independent review of Risona Bank.

In August of the same year, the reserve insurance institution effectively nationalized the Bank of Risona through a stock swap.

Transformation of geographically dense finance

In November 2003 (Heisei 15), Saitama Prefecture Governor Seiji Ueda and then Saitama Mayor Soichi Aikawa said that in line with the future reorganization of the Risona Group, they planned to acquire the equity of Saitama Risona Bank from Risona Holdings and turn the bank into a "prefectural bank", but the idea could not be realized under the issues of the use of public funds and the advantages and disadvantages of integrating with the prefectural silver Musashino Bank.

After the Risona panic ended, Saitama Risona Bank announced the "Relationship Banking Enhancement Plan" and "Promoting Regional Concentrated Finance." Through this, the bank will provide housing loans to residents in Saitama Prefecture, and expand the financing product line of small and medium-sized enterprises, etc., to strengthen regional financial services. In addition, Saitama Risona Bank has also issued a pamphlet "Saitama Risona TODAY", which contains information about banks' public disclosures and topics in Saitama Prefecture, and a second life information magazine "Color 5L", which features investment trusts, annuity insurance product promotions and celebrity conversations.

Store

Current Store (Saitama Sales Department) (Old Saitama Bank Main Store → Old Rising Sun Bank Urawa Sales Department → Old Rising Sun Bank Saitama Sales Department)

Urawa Central Branch (Old Wuzhou Bank Urawa Branch, Old Saitama Bank Front Main Store)

Kawagoe Branch (Old 85th National Bank Main Store)

Among the occupied stores in Saitama Prefecture of the old Rising Sun Bank, Saitama Risona Bank inherited 108 stores (equivalent to one-third of the total number of occupied stores of the old Rising Sun Bank), as well as Otemachi Central Branch, Ikebukuro East Exit Branch, and Shinjuku Station Front Branch (2004 (Heisei 16) ) Closed on September 17) 3 stores. There are only Tokyo branches in branch-level strongholds outside Saitama Prefecture. Saitama Risona Bank itself has the smallest number of separate stores and no-exit offices (ATMs) among the five BANCS franchises, and is only on the same level as local banks. In addition, our bank and Risona Bank's ATMs can share passbooks and ATM cards of both parties, but some services are restricted. For transactions with Kansai Mirai Bank and Hong Kong Bank, the same OurHours section applicable handling fee as Risona Bank is treated as an intra-bank transaction.

Since 2004 (Heisei 16), the business hours of all stores except the Higashibando agency in Sakado City (abolished in March 2007 (Heisei 19)) have been extended to 5 pm.

History

• August 27, 2002 (Heisei 14): The bank was established as a full subsidiary of Daiwa Bank Holdings Co., Ltd. (now Risona Holdings Co., Ltd.).
• 2003 (Heisei 15)
• March 1: Succession to the division of Asahi Bank Co., Ltd. (disbanded on the same day and merged with Daiwa Bank Co., Ltd.).
• March 3: Saitama Risona Bank opened for business.
• November 24, 2009 (Heisei 21): Otemachi Central Branch was moved to Houra, Bunkyo-ku, Tokyo, and renamed Tokyo Branch.
• May 6, 2010 (Heisei 22): Tokyo headquarters moved to Fukagawa GATHARIA.
• April 2017 (Heisei 29): Takasaki City and Ota City, Gunma Prefecture established corporate business bases "Takasaki Corporate Office" and "Ota Corporate Office", entering Kitakanto for the first time.
• May 1, 2017 (Heisei 29): Using the substation name system of Urawa Meiyuan Station on the Saitama Expressway Railway Saitama Stadium Line, it was named "Walking with Urawa Meiyuan, the nearest station to Saitama Risona Bank".
• November 2017 (Heisei 29): For the first time since the start of business in 2003, a new business base "Uwara Meiyuan Office" was set up in Saitama Prefecture.
• October 2018 (Heisei 30): "Koshigaya Lake Town Office" was set up.

Overseas base

Due to its main business in Saitama Prefecture, there is no overseas base. The original overseas base of Saitama Bank (Sao Paulo Resident Office, etc.) was sold to Tokyo-Mitsubishi Bank in 2001 (Heisei 13) during the old Rising Sun Bank era.