Southern Bank was a Malaysian bank and the ninth-largest lender while being one of the ten anchor banks in Malaysia.
In 2006 it was bought over by Bumiputra-Commerce Holdings (BCHB). BCHB plans to delist the bank from public listing as well as Bumiputra-Commerce and CIMB (Investment bank division). Therefore these three banks will convert into 1 universal bank and will rename CIMB Bank.
Previously, it was 3.3% owned by Singapore's OCBC Bank.
Famous quotes containing the words southern and/or bank:
“My mother bore me in the southern wild,
And I am black, but O! my soul is white;”
—William Blake (1757–1827)
“I have passed down the river before sunrise on a summer morning, between fields of lilies still shut in sleep; and when, at length, the flakes of sunlight from over the bank fell on the surface of the water, whole fields of white blossoms seemed to flash open before me, as I floated along, like the unfolding of a banner, so sensible is this flower to the influence of the sun’s rays.”
—Henry David Thoreau (1817–1862)