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Company type | Public |
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Industry | Banking |
Founded | 1 January 1877 Singapore, Straits Settlements |
Headquarters | Singapore |
Products | Financial services |
Parent | DBS Bank |
Website | www |
POSB Bank, often known as POSB, is a Singaporean bank offering consumer banking services and is the oldest local bank in continuous operation in Singapore.[1] Established on 1 January 1877 as the Post Office Savings Bank (Chinese: 郵政儲蓄銀行; pinyin: Yóuzhèngchǔxù Yínháng)[2], it currently operates as part of DBS Bank after being acquired on 16 November 1998.[3]
POSB Bank still operates one of the highest numbers of bank branches in Singapore, especially in the heartlands, and operates the highest number of ATM outlets throughout the country. The integration of both banks allowed customers of either bank to share the facilities; DBS Bank depositors may use the Cash Deposit Machine installed islandwide in POSBank branches, likewise for POSB Bank depositors.