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:
“How have I been able to live so long outside Nature without identifying myself with it? Everything lives, moves, everything corresponds; the magnetic rays, emanating either from myself or from others, cross the limitless chain of created things unimpeded; it is a transparent network that covers the world, and its slender threads communicate themselves by degrees to the planets and stars. Captive now upon earth, I commune with the chorus of the stars who share in my joys and sorrows.”
—Gérard De Nerval (1808–1855)
“We bank over Boston. I am safe. I put on my hat.
I am almost someone going home. The story has ended.”
—Anne Sexton (1928–1974)