One Network Bank, also known as ONB, is a rural bank based in Davao City in the Philippines. Formed in 2004 through the consolidation of Network Rural Bank of Davao del Sur, the Rural Bank of Panabo of Davao del Norte and the Provident Rural Bank of Cotabato, ONB is the largest rural bank in the Philippines in terms of assets, with a network of 85 branches in Mindanao, 1 branch in Makati City and a fleet of 121 ATMs throughout the provinces of Mindanao, including seventeen localities where it is the sole provider of financial services.
It is the first rural bank in the Philippines to receive the nod of the Philippine Clearing House Corporation (PCHC) to establish a checking account, as well as to have its cheques cleared directly by the PCHC, instead of an intermediary bank. It is also an equity member of MegaLink, one of the first banks in Mindanao to join an interbank network.
Read more about One Network Bank: Corporate History, The Consolidation, Recent Developments
Famous quotes containing the words network and/or bank:
“A culture may be conceived as a network of beliefs and purposes in which any string in the net pulls and is pulled by the others, thus perpetually changing the configuration of the whole. If the cultural element called morals takes on a new shape, we must ask what other strings have pulled it out of line. It cannot be one solitary string, nor even the strings nearby, for the network is three-dimensional at least.”
—Jacques Barzun (b. 1907)
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—William Langland (1330–1400)