 | |
| Company type | Public |
|---|---|
| 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.
- ^ "Singapore Statutes Online - 237 - Post Office Savings Bank of Singapore (Transfer of Undertakings and Dissolution) Act". Singapore Statutes (Government of Singapore). Retrieved August 22, 2016.
- ^ Consulton Research Bureau. (1977). The first hundred years of the Post Office Savings Bank of Singapore. Singapore: The Post Office Savings Bank, pp. 10–11. (Call No.: RSING 332.22095957 CON). Retrieved August 22, 2016.
- ^ "DBS Bank completes POSBank and credit POSB acquisition". DBS Bank. 16 November 1998. Archived from the original on 18 October 2006. Retrieved 29 September 2019.