2024-12-04

Circular Letter CL-2024-052: Approved and Opened Banking Offices in Q2 2024

The Office of the Deputy Governor for Financial Supervision Sector issued Circular Letter CL-2024-052 to list approved applications for new banking offices and offices opened during the second quarter of 2024. The document details specific approvals and openings for Universal and Commercial Banks, Thrift Banks, and Rural and Cooperative Banks across various Philippine cities and municipalities. Key entities include BDO Unibank, Development Bank of the Philippines, and BPI Direct BanKO, with approvals and openings ranging from April to June 2024.

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OFFICE OF THE DEPUTY GOVERNOR I FINANCIAL SUPERVISION SECTOR CIRCULAR LETTER NO. CL-2024-____ To : All Banks Subject : Approved Applications for New Banking Offices and Opened Banking Offices During the 2nd Quarter of 2024 For information, listed below are the (1) approved applications for new banking offices, and (2) opened banking offices during the 2 nd Quarter of 2024: Bank Name Type of Office Date Approved City/Municipality I. APPROVED APPLICATIONS FOR NEW BANKING OFFICES A. UNIVERSAL AND COMMERCIAL BANKS

  1. BDO Unibank, Inc. (BDO) Regular Branch Regular Branch Regular Branch 04-Jun-2024 Makati City San Leonardo, Nueva Ecija San Juan City
  2. Development Bank of the Philippines (DBP) Regular Branch Branch-lite Unit 21-May-2024 21-May-2024 Cabugao, Ilocos Sur Talakag, Bukidnon
  3. Security Bank Corporation (SBC) Regular Branch Regular Branch 27-May-2024 27-May-2024 Bacolod City Bacolod City B. THIRFT BANKS
  4. BPI Direct BanKO, Inc. A Savings Bank (BPIDB) Branch-lite Unit Branch-lite Unit Branch-lite Unit Branch-lite Unit Branch-lite Unit Branch-lite Unit 25-Apr-2024 Abra de Ilog, Occidental Mindoro Alabel, Sarangani Atimonan, Quezon Bacnotan, La Union Basey, Eastern Samar Buguey, Cagayan

Page 2 of 5 Bank Name Type of Office Date Approved City/Municipality Branch-lite Unit Branch-lite Unit Branch-lite Unit Branch-lite Unit Branch-lite Unit Branch-lite Unit Branch-lite Unit Branch-lite Unit Branch-lite Unit Branch-lite Unit Branch-lite Unit Branch-lite Unit Branch-lite Unit Branch-lite Unit Branch-lite Unit Branch-lite Unit Branch-lite Unit Branch-lite Unit Branch-lite Unit Branch-lite Unit Branch-lite Unit Branch-lite Unit Branch-lite Unit Branch-lite Unit Branch-lite Unit Branch-lite Unit Branch-lite Unit Branch-lite Unit Branch-lite Unit Branch-lite Unit Branch-lite Unit Branch-lite Unit 25-Apr-2024 Caramoran, Catanduanes Casiguran, Aurora Cauayan, Negros Occidental Cebu City Del Carmen, Surigao del Norte Gubat, Sorsogon Hinoba-an, Negros Occidental Jimenez, Misamis Occidental Kabasalan, Zamboanga Sibugay Kibawe, Bukidnon Lal-lo, Cagayan Laoang, Northern Samar Loon, Bohol Lupao, Nueva Ecija Mansalay, Oriental Mindoro Masinloc, Zambales Mauban, Quezon Milagros, Masbate New Corella, Davao del Norte Padada, Davao del Sur Paluan, Occidental Mindoro Pandan, Antique Pantukan, Davao de Oro Quezon, Bukidnon San Francisco, Cebu Sanchez Mira, Cagayan Santa Ignacia, Tarlac Siaton, Negros Oriental Siniloan, Laguna Santa Cruz, Marinduque Tangalan, Aklan Tangub City

Page 3 of 5 Bank Name Type of Office Date Approved City/Municipality Branch-lite Unit Branch-lite Unit 25-Apr-2024 25-Apr-2024 Tobias Fornier, Antique Tuba, Benguet C. RURAL AND COOPERATIVE BANKS

  1. Cooperative Bank of Cebu (CCEBU) Branch-lite Unit 09-May-2024 Poro, Cebu II. OPENED BANKING OFFICES Bank Name Type of Office Date Opened City/Municipality A. UNIVERSAL AND COMMERCIAL BANKS
  2. BDO Unibank, Inc. (BDO) Regular Branch 27-Jun-2024 Makati City
  3. Development Bank of the Philippines (DBP) Regular Branch 18-Jun-2024 Malita, Davao Occidental
  4. Maybank Philippines, Incorporated (MBPI) Branch-lite Unit Branch-lite Unit 29-Apr-2024 28-May-2024 Tacloban City Dipolog City
  5. Security Bank Corporation (SBC) Regular Branch 11-Apr-2024 Ilagan City B. THRIFT BANKS
  6. 1 st Valley Bank, Inc. A Development Bank (1VBDB) Branch-lite Unit 09-May-2024 Wao, Lanao del Sur
  7. BPI Direct BanKO, Inc. A Savings Bank (BPIDB) Branch-lite Unit 03-Apr-2024 Santa Cruz, Zambales

Page 4 of 5 Bank Name Type of Office Date Opened City/Municipality 3. CARD SME Bank, Inc. A Thrift Bank (CSMEB) Regular Branch 10-Jun-2024 Ipil, Zamboanga Sibugay 4. China Bank Savings, Inc. (CBSI) Branch-lite Unit 03-Apr-2024 Gingoog City 5. Producers Savings Bank Corporation (PROSB) Regular Branch Regular Branch Regular Branch Regular Branch Branch-lite Unit 01-Apr-2024 01-Apr-2024 03-May-2024 21-May-2024 01-Apr-2024 Bontoc, Southern Leyte Maasin City Balaoan, La Union Pili, Camarines Sur Sogod, Southern Leyte C. RURAL AND COOPERATIVE BANKS

  1. BDO Network Bank, Inc. (A Rural Bank) (BDONB) Branch-lite Unit Branch-lite Unit Branch-lite Unit Branch-lite Unit Branch-lite Unit Branch-lite Unit 19-Apr-2024 24-May-2024 24-May-2024 29-May-2024 31-May-2024 14-Jun-2024 Gubat, Sorsogon Datu Odin Sinsuat, Maguindanao del Norte Murcia, Negros Occidental San Antonio, Quezon Macabebe, Pampanga Dulag, Leyte
  2. Cooperative Bank of Cebu (CCEBU) Branch-lite Unit 18-Jun-2024 Poro, Cebu
  3. East West Rural Bank Incorporation (EWRBI) Branch-lite Unit 02-Apr-2024 Infanta, Quezon
  4. First Isabela Cooperative Bank (FICOBANK) (FICO) Regular Branch 29-May-2024 Cabiao, Nueva Ecija
  5. Lifebank – A Rural Bank (LFEBK) Branch-lite Unit Branch-lite Unit Branch-lite Unit Branch-lite Unit Branch-lite Unit 08-Apr-2024 29-Apr-2024 29-Apr-2024 28-May-2024 13-Jun-2024 Panay, Capiz Jamindan, Capiz Ma-ayon, Capiz Bacolod City Bacolod City

Page 5 of 5 Bank Name Type of Office Date Opened City/Municipality 6. Mount Carmel Rural Bank, Inc. (MTCAR) Branch-lite Unit 19-Jun-2024 Atimonan, Quezon 7. Rang-Ay Bank, Inc. (A Rural Bank) (RANBK) Branch-lite Unit 06-May-2024 Caba, La Union 8. Rural Bank of Batac, Inc. (BATAC) Branch-lite Unit 15-Apr-2024 Batac City 9. TRBank, Inc. (A Rural Bank) (TRBI) Regular Branch 20-May-2024 Cebu City

CHUCHI G. FONACIER Deputy Governor

04 December 2024