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In September 2001, UOB acquired Overseas Union Bank, then Singapore's fourth largest local bank, in a deal worth S$10 billion. [15] [16] United Overseas Bank History Plaque. In 2002, UOB started expanding into the Chinese market by opening a new full-service branch office in Shanghai and upgrading of its Beijing office to a full-service branch ...
Lien cofounded Nanyang University [6] and is the founder of Overseas Union Bank (formerly Overseas Chinese Union Bank), which, in 2001, became part of United Overseas Bank, [3] as well as the Lien Foundation, which he established in 1980. [6] He was winner of the American Academy of Achievement's Golden Plate Award in 1981. [2] [7]
The Overseas Union Bank opened in the building on 5 February 1949. [4] This made the Overseas Union Bank the first local bank at Raffles Place. [5] From March 1957 to 1968, the building also served as the head offices of the Overseas Union Insurance Limited. The building also housed the head offices of the Overseas Assurance Corporation. [6]
The 280 m (920 ft) tall Tower One and the 38-storey Tower Two house offices, while the podium contains retail space. Initially conceived in the late 1970s as Overseas Union Bank Centre, the headquarters of Overseas Union Bank (OUB), work on the building began in 1981, while construction of the superstructure subsequently commenced in October 1984.
Voluntary liquidation after a bank run Overseas Union Bank Limited 华联银行有限公司 Singapore: 2002 Merged into United Overseas Bank: Tat Lee Bank Limited 达利银行有限公司 Singapore: 1998 Merged with Keppel TatLee Bank: The Islamic Bank of Asia: 亚洲伊斯兰银行 Singapore: 2015 Merged into DBS Bank [6]
Union Bank of the Philippines, Inc., more commonly known as UnionBank, is one of the universal banks in the Philippines and the ninth largest bank in the country by assets. [2] UnionBank is a joint consortium among the Aboitiz Group, Insular Life, and Social Security System. It started operations in 1981 and became a commercial bank on January ...
The bank had previously dealt only with local businesses, but Wee moved the bank into foreign exchange and international trade financing. In 1964, UCB applied to open a branch in Hong Kong, and was renamed United Overseas Bank (UOB) from January 1965 to avoid a clash of names with an existing bank there. By this time, Wee had grown the bank's ...
A 2018 stamp dedicated to the 100th anniversary of the Union Bank of India. Union Bank of India was established on 11 November 1919 in Bombay (now Mumbai) by Seth Sitaram Poddar. [1] The bank's corporate office was inaugurated by Mahatma Gandhi. At the time of India's independence in 1947, the bank had four branches – three in Mumbai and one ...