An exemplary valve bank and/or modular control valve having a valve body, a valve member movable in a fluid flow of the valve body to control flow of fluid, and an onboard electronic controller that is operably mounted to the valve bank or valve body. The onboard controller is operably connected to at least one actuator of the valve, which is configured to control movement of the valve member in response to commands from the onboard controller. The onboard controller may provide diagnostics, feedback and/or control of the control valve, such as via inputs from one or more sensors that may be included in the valve. The modular control valve may be used with conventional non-intelligent valve banks to thereby impart smart diagnostics and/or feedback into the valve bank in a plug-and-play manner. A communications interface may be provided in the control valve to interface and communicate with an upper-level PLC controller.