Seoul Bank

Seoul Bank
Native name
서울은행
Formerly
  • Seoul Bank (1959–1976)
  • Seoul Trust Bank (1976–1995)
Company typeCommercial bank
IndustryBanking
FoundedDecember 1959
Defunct2002
FateNationalised and merged
SuccessorHana Bank
HeadquartersSeoul, South Korea
Area served
South Korea
OwnerGovernment of South Korea (1997–2002)

Seoul Bank (Korean: 서울은행), known from 1976 to 1995 as Seoul Trust Bank (서울신탁은행), was a major bank in South Korea, originally established as a regional bank in 1959. By the mid-1990s, it was one of the five most prominent Korean banks, together with Chohung Bank, Korea Commercial Bank, Korea First Bank, and Hanil Bank. It was determined to be insolvent during the 1997 Asian financial crisis, however, and was taken over by the Korean authorities, then merged into Hana Bank.

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