2025-05-07

Approved Applications for New and Opened Banking Offices During the 4th Quarter of 2024

The Office of the Deputy Governor for Financial Supervision Sector issued Circular Letter CL-2025-018 to list approved applications for new banking offices and opened banking offices during the fourth 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. It provides a comprehensive record of branch expansions, including dates of approval or opening and the specific locations for institutions such as Bank of Commerce, BDO Unibank, and BPI Direct BanKO.

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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

  1. 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
  2. Philippine Trust Company (PTC) Regular Branch Regular Branch Regular Branch Regular Branch 11-Oct-2024 General Santos City Muntinlupa City Tarlac City Tuguegarao City
  3. 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
  4. 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

  1. East West Rural Bank, Inc. (EWRBI) Regular Branch 15-Nov-2024 Davao City
  2. 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
  3. 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
  4. 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

  1. 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
  2. China Bank Savings, Inc. (CBSI) Regular Branch Regular Branch 08-Nov-2024 18-Nov-2024 Panabo City Talisay City
  3. 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
  4. 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

  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 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
  2. Card MRI Rizal Bank, Inc. A Microfinance￾Oriented 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