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:
“I walked on the banks of the tincan banana dock and sat down under the huge shade of a Southern Pacific locomotive to look at the sunset over the box house hills and cry.”
—Allen Ginsberg (b. 1926)
“The English language is like a broad river on whose bank a few patient anglers are sitting, while, higher up, the stream is being polluted by a string of refuse-barges tipping out their muck.”
—Cyril Connolly (1903–1974)