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It is the largest and oldest local bank in continuous operation in Singapore with over four million customers. [1] Established on 1 January 1877 as the Post Office Savings Bank (Chinese: 郵政儲蓄銀行; pinyin: Yóuzhèngchǔxù Yínháng), [2] POSB currently operates as part of DBS Bank after being acquired on 16 November 1998. [3]
In February 1967, it was announced that the Siglap Post Office had won the "best maintained post office" award for 1966, with the Still Road Post Office coming in second and the Thomson Road Post Office coming in third. Then-postmaster-general M. Bala Subramanion presented the post office's postmaster, V. Panchaiharam, with a trophy. [3]
Video banking can be conducted in a traditional banking branch. [1] This form of video banking replaces traditional banking tellers to a location outside of the main banking branch area, via the use of video and audio links. Customer use a purpose built machine in the branch to process viable medias such as cheques, cash, or coins.
The whole establishment of the post office in the 1830s consisted of one European clerk, one local writer and a peon. To cope with the increasing volume of mail, the Post Office, then known as the Singapore Post Office, later General Post Office, was moved in 1854 to its own building near the Town Hall by the side of the Singapore River.
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Citibank Singapore Limited is a division of Citibank N.A. of the United States and incorporated in Singapore on 28 June 2004. Its parent was awarded Qualifying Full Bank (QFB) status on 20 October 1999, and this status was transferred to the Singapore division on the day of its incorporation. [5]
Citibank is one of the earliest financial institutions in Singapore that is still in operation today. In 1902 International Banking Corporation becomes the first American bank to open a branch in Singapore. Located at 1 Prince Street, the Singapore branch focused on financing the exports of tin and rubber from the Malayan hinterland. [2]
Internal alterations were carried out on the building by the Public Works Department in 1985. The General Post Office, under Singapore Post, vacated the building in March 1996. [2] [7] Though plans were initiated to conserve the Fullerton Building after that, it was only gazetted as a conservation building by the Singapore Government in 1997 ...