The Bank of Iwate, Ltd. provides various financial products and services in Japan. It operates in two segments, Commercial Banking Business and Leasing Business. The Commercial Banking Business segment consists of deposits, loans, securities investment, and foreign exchange operations. The Leasing Business segment offers financial leasing, and computer processing contract services. The company also trades in securities; and provides credit card and guarantee, as well as computerized accounting services. The company was formerly known as Iwate Shokusan Bank and changed its name to The Bank of Iwate, Ltd. in 1960. The Bank of Iwate, Ltd. was founded in 1932 and is headquartered in Morioka, Japan.