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OFFICE OF THE DEPUTY GOVERNOR I FINANCIAL SUPERVISION SECTOR
CIRCULAR LETTER NO. CL-2025-____
To : All Banks
Subject : Approved Applications for New and Opened Banking Offices
During the 4
th Quarter of 2024
For information, listed below are the (1) approved applications for new
banking offices, and (2) opened banking offices during the 4
th Quarter of 2024:
Bank Name Type of Office Date
Approved
City/Municipality
I. APPROVED APPLICATIONS FOR NEW BANKING OFFICES
A. UNIVERSAL AND COMMERCIAL BANKS
- Bank of
Commerce (BOC)
Branch-lite Unit
Branch-lite Unit
Branch-lite Unit
Branch-lite Unit
Branch-lite Unit
09-Oct-2024
General Trias City
Malay, Aklan
Pasay City
Pasay City
Pasay City
- Philippine Trust
Company (PTC)
Regular Branch
Regular Branch
Regular Branch
Regular Branch
11-Oct-2024
General Santos City
Muntinlupa City
Tarlac City
Tuguegarao City
- Security Bank
Corporation (SBC)
Regular Branch
Regular Branch
Regular Branch
Regular Branch
Regular Branch
Branch-lite Unit
30-Oct-2024
Apalit, Pampanga
Bacolod City
Batac City
Cainta, Rizal
Tandag City
Pasay City
B. THRIFT BANKS
- First Consolidated
Bank, Inc. (A
Private
Development
Bank) (FCDB)
Regular Branch 19-Nov-2024 Pontevedra, Capiz
Page 2 of 5
Bank Name Type of Office Date
Approved
City/Municipality
2. Legazpi Savings
Bank, Inc. (LGPSB)
Branch-lite Unit
Branch-lite Unit
Branch-lite Unit
Branch-lite Unit
15-Nov-2024
Butuan City
Cagayan de Oro,
Misamis Oriental
Davao City
Koronadal City
Branch-lite Unit
Branch-lite Unit
15-Nov-2024
15-Nov-2024
Pagadian City
Palo, Leyte
C. RURAL AND COOPERATIVE BANKS
- East West Rural
Bank, Inc. (EWRBI)
Regular Branch 15-Nov-2024 Davao City
- Rural Bank of Rizal
(Zamboanga del
Norte), Inc. (RIZZN)
Branch-lite Unit 21-Nov-2024 Lapu-Lapu City
II. OPENED BANKING OFFICES
Bank Name Type of Office Date Opened City/Municipality
A. UNIVERSAL AND COMMERCIAL BANKS
- BDO Unibank, Inc.
(BDO)
Regular Branch
Regular Branch
Regular Branch
Regular Branch
Regular Branch
Regular Branch
Regular Branch
Regular Branch
Regular Branch
Regular Branch
Regular Branch
Regular Branch
24-Oct-2024
04-Nov-2024
11-Nov-2024
29-Nov-2024
10-Dec-2024
16-Dec-2024
16-Dec-2024
27-Dec-2024
Silang, Cavite
Davao City
Itogon, Benguet
Tabaco City
Imus City
Taguig City
Naic, Cavite
Santa Ana, Cagayan
Santa Rosa City
Los Baños, Laguna
Pandi, Bulacan
Plaridel, Bulacan
- Security Bank
Corporation (SBC)
Regular Branch
Regular Branch
Regular Branch
Regular Branch
Regular Branch
29-Oct-2024
30-Oct-2024
18-Dec-2024
20-Dec-2024
20-Dec-2024
Caloocan City
Candelaria, Quezon
Ipil, Zamboanga
Sibugay
Bacolod City
Bacolod City
Page 3 of 5
Bank Name Type of Office Date Opened City/Municipality
Regular Branch
Regular Branch
Regular Branch
Regular Branch
Regular Branch
Regular Branch
Regular Branch
Regular Branch
Branch-lite Unit
20-Dec-2024
20-Dec-2024
23-Dec-2024
27-Dec-2024
18-Dec-2024
Carcar City
Minganilla, Cebu
Davao City
Batac City
Cainta, Rizal
Maasin City
Tacloban City
Tandag City
Pasay City
B. THRIFT BANKS
- 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
Branch-lite Unit
Branch-lite Unit
Branch-lite Unit
Branch-lite Unit
01-Oct-2024
02-Oct-2024
11-Oct-2024
04-Nov-2024
21-Nov-2024
10-Dec-2024
16-Dec-2024
Casiguran, Aurora
Sanchez-Mira,
Cagayan
Siniloan, Laguna
Santa Cruz,
Marinduque
Tangub City
Basey, Western
Samar
Pantukan, Davao de
Oro
Milagros, Masbate
Hinoba-an, Negros
Occidental
Padada, Davao del
Sur
- China Bank
Savings, Inc. (CBSI)
Regular Branch
Regular Branch
08-Nov-2024
18-Nov-2024
Panabo City
Talisay City
- Producers Savings
Bank Corporation
(PROSB)
Regular Branch
Regular Branch
Regular Branch
Regular Branch
Regular Branch
Regular Branch
03-Oct-2024
07-Oct-2024
14-Oct-2024
31-Oct-2024
15-Nov-2024
18-Nov-2024
Cotabato City
Maramag, Bukidnon
Calapan City
San Felipe, Zambales
Pototan, Iloilo
Calasiao, Pangasinan
- Queen City
Development
Bank, Inc. or
Queenbank, A
Thrift Bank (QCDB)
Regular Branch 01-Nov-2024 Pavia, Iloilo
Page 4 of 5
Bank Name Type of Office Date Opened City/Municipality
5. Rizal Microbank,
Inc. – A Thrift Bank
(RMITB)
Branch-lite Unit
Branch-lite Unit
Branch-lite Unit
01-Oct-2024
01-Oct-2024
18-Nov-2024
Batangas City
Lipa City
Davao City
C. RURAL AND COOPERATIVE BANKS
- 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
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
09-Oct-2024
11-Oct-2024
16-Oct-2024
28-Oct-2024
29-Oct-2024
30-Oct-2024
31-Oct-2024
31-Oct-2024
06-Nov-2024
15-Nov-2024
27-Nov-2024
29-Nov-2024
06-Dec-2024
13-Dec-2024
13-Dec-2024
18-Dec-2024
20-Dec-2024
23-Dec-2024
27-Dec-2024
San Fernando,
Camarines Sur
Santo Tomas,
Batangas
Paracale, Camarines
Norte
Cawayan, Masbate
Santo Domingo,
Nueva Ecija
Cuartero, Capiz
Bauko, Mountain
Province
Hamtic, Antique
Tiwi, Albay
Numancia, Aklan
Palapag, Northern
Samar
Arakan, North
Cotabato
Sigma, Capiz
Dumarao, Capiz
Palo, Leyte
Kiangan, Ifugao
Gonzaga, Cagayan
New Washington,
Aklan
Zarraga, Iloilo
Polomolok, South
Cotabato
Balasan, Iloilo
Bataraza, Palawan
Luisiana, Laguna
Maragondon, Cavite
- Card MRI Rizal
Bank, Inc. A
MicrofinanceOriented Rural
Bank (MRIRB)
Branch-lite Unit
Branch-lite Unit
04-Nov-2024
23-Dec-2024
Bacolod City
Quezon City
Page 5 of 5
Bank Name Type of Office Date Opened City/Municipality
3. Dungganon Bank
(A Rural Bank), Inc.
(DBRB)
Regular Branch 04-Dec-2024 Bantayan, Cebu
4. Lifebank – A Rural
Bank (LFEBK)
Branch-lite Unit
Branch-lite Unit
Branch-lite Unit
04-Nov-2024
04-Nov-2024
06-Dec-2024
Ajuy, Iloilo
Iloilo City
Pavia, Iloilo
5. Mount Carmel
Rural Bank, Inc.
(MTCAR)
Regular Branch
Branch-lite Unit
29-Oct-2024
07-Oct-2024
Tanay, Rizal
Pagsanjan, Laguna
6. Rural Bank of
Angeles, Inc.
(ANGEL)
Regular Branch
Regular Branch
28-Oct-2024
25-Nov-2024
Ibaan, Batangas
Valencia City
7. Rural Bank of
Bambang, (Nueva
Vizcaya) Inc.
(BAMBG)
Branch-lite Unit 16-Dec-2024 Bagabag, Nueva
Vizcaya
8. Rural Bank of
Bansud (Oriental
Mindoro), Inc.
(BNSUD)
Branch-lite Unit 18-Dec-2024 Pinamalayan,
Oriental Mindoro
9. Top Bank
Philippines, Inc. (A
Rural Bank)
(TOPRB)
Regular Branch
Regular Branch
28-Oct-2024
18-Nov-2024
Lucena City
San Fernando City
CHUCHI G. FONACIER
Deputy Governor
__ 07May 2025