The Tokyo Star Bank, Ltd. (株式会社東京スター銀行) is a Japanese regional bank established on June 11, 2001 out of the reorganization of then bankrupt Tokyo Sowa Bank (founded in 1949 as Tokyo Shokusan Mujin - Mutual Loan Company) by Lone Star Funds. In 2014, the bank was purchased by Taiwan's CTBC Financial Holding, marking the first time a foreign lender had taken complete ownership of a Japanese bank.[2]
Products
Star One
This is a multipurpose deposit account for personal customers. Only a cash card is issued, unlike other more traditional banks which continue to utilize savings passbooks. In place of the passbook, the bank sends transaction reports monthly by post, as well as providing online banking services. Customers can take advantage of an ordinary savings account, fixed term deposit, and foreign currency deposits.
One of the biggest merits of this product is that customers may make unlimited use of ATMs without incurring a surcharge. In Japan, depositors typically pay charges when using an ATM after office hours, or using other banks' ATMs.