The bank was founded by the Nirandorn family, but changed hands many times, and by the 1990s its largest shareholders were the Srifuengfung and Mahadamrongkul families.
[1] The bank suffered badly from the 1997 Asian financial crisis, prompting the Bank of Thailand to intervene.
The bank was bailed out and taken over by the state-owned Financial Institutions Development Fund (FIDF).
It underwent a merger with the Bangkok Metropolitan Bank in 2002.
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