Daiko Bank Co., Ltd.

Taiko Bank, Ltd. is the second regional bank with its head office in Nagaoka City, Niigata Prefecture. In Niigata Prefecture, it has the second largest number of companies as its main banks, after the Fourth Hokuetsu Bank, and provides locally-based financial services.

overview

Daiko Bank is the only ordinary bank (second regional bank) with its head office in Nagaoka City, Niigata Prefecture, and is contributing to the development of the local economy by utilizing its network that extends both within and outside the prefecture. In 2021, Hokuetsu Bank merged with Dai-Shi Bank and became Dai-Shi Hokuetsu Bank, making it the only ordinary bank with its head office in Nagaoka City.

history

In the 1970s, under the direction of then-president Komagata Sai, he took advantage of his relationship with Tanaka Kakuei, who became prime minister, and promoted active loan developments, mainly in Tokyo. However, excessive loans will affect them and they will end up in an over-loan state. In 1979 (Showa 54), the discovery of off-book debt guarantees and the cumulative deficit recorded led to a management crisis, causing major financial scandals, including the arrest of management and the suicide of executives.

After that, he sought to rebuild the loans by 88 financial institutions, including city banks and local local banks, and in 1988, he completed the loan repayment and converted to sound management. Since then, the company has been operating robustly, focusing on small loans.

Management structure and policy

Since the fraudulent loan incident, a former member of the Ministry of Finance (now the Ministry of Finance) has served as president, but in June 2019, Ishida Yukio, who has been a former member of the Ministry of Finance, became president.

Daiko Bank holds the following management philosophy:

1. We serve as a bank that is trusted and loved by our customers to prosper our local community.
2. We will continue to maintain sound management, build a strong management structure, and maintain stable development.
3. We focus on developing excellent human resources, and the freshness will establish a lively atmosphere of movement.

In addition, the company has reviewed its long-term vision formulated in 2015, and is strengthening its activities to solve local communities' issues while aiming to realize a sustainable society.

Business development

Daiko Bank has 62 main branches (including in-store stores) within Niigata Prefecture, and has eight branches outside the prefecture, including Tokyo (Ikebukuro), Kanagawa (Yokohama), Saitama (Kawaguchi, Saitama (Omiya Ward), Ageo, Okegawa, Konosu), and Gunma (Maebashi). In addition, the online branch, "Echigo Fireworks Branch" has also been opened.

In addition, six "Loan Squares" have been established in Niigata Prefecture, and in Niigata City Chuo Ward, it operates the "Daiko Bank SBI Money Plaza" in collaboration with SBI Money Plaza.

Locally-based financial services

With its main business areas within Niigata Prefecture, its central business area is from the Chuetsu region to the central prefecture and Niigata city, providing a wide range of financial services for both corporations and individuals. On the other hand, the Joetsu region and north of Shibata city are mainly for individual sales.

Furthermore, the number of ATMs is small, and more stores are jointly installed with other banks than stores that have separate installations.

Aligning past stores

During the process of restructuring, the company once had branches in Koriyama City, Fukushima Prefecture, Utsunomiya City, Tochigi Prefecture, and Matsumoto City, Nagano Prefecture, but its branches in Koriyama and Utsunomiya (now Mizuho Bank) were transferred to Fuji Bank (now Mizuho Bank), and Matsumoto branches were transferred to Nagano Bank and then withdrawn.

Public relations activities

In September 2015, local idol Negicco, based in Niigata Prefecture, was used as her image character to strengthen her local branding. In October of the same year, the company announced plans to build the 47-year-old main store, and construction was carried out in two phases. The new main store opened completely in December 2018.

Future outlook

Daiko Bank is working as a bank that is friendly to its customers, while pursuing uniqueness that other financial institutions do not have, and aims to achieve sustainable growth along with the local community.