Thursday, April 10, 2008

OMB and K-Bank Merger

A few months back, I received news from insiders about an impending merger between the Antipolo-based rural bank, Opportunity Microfinance Bank (OMB) and Iloilo's Kauswagan Bank (K-Bank) where the latter is buying the former and will be headquartered in Iloilo including OMB's ATM infrastructure.

The surviving entity's name would be: OK Bank

Can't think of a better name, eh?

1 comment:

  1. as a former employee, I feel sorry for OMB. Well i think management has no banking direction roadmap. tsk tsk tsk