2024-12-19

Approved Applications for New Banking Offices and Opened Banking Offices During the 3rd Quarter of 2024

The Office of the Deputy Governor for Financial Supervision Sector issued Circular Letter CL-2024-056 to list approved applications for new banking offices and opened banking offices during the third 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. This regulatory notice serves as an official record of the expansion activities authorized by the central bank authority during the specified period.

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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 3rd Quarter of 2024 For information, listed below are the (1) approved applications for new banking offices, and (2) opened banking offices during the 3 rd 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. Security Bank Corporation (SBC) Regular Branch Regular Branch Regular Branch Regular Branch Regular Branch Regular Branch 08-July-2024 Candelaria, Quezon Davao City Davao City Ipil, Zamboanga Sibugay Maasin City Minglanilla, Cebu
  2. Rizal Commercial Banking Corporation (RCBC) Regular Branch Regular Branch 17-July-2024 10-Sep-2024 Marilao, Bulacan Daet, Camarines Norte B. RURAL AND COOPERATIVE BANKS
  3. Lifebank – A Rural Bank (LFEBK) Branch-lite Unit 09-Sep-2024 Iloilo City
  4. Rural Bank of Angeles, Inc. (ANGEL) Regular Branch Regular Branch Regular Branch 07-Aug-2024 Ibaan, Batangas Ormoc, Leyte Valencia, Bukidnon

Page 2 of 5 Bank Name Type of Office Date Approved City/Municipality 3. A Rural Bank of Tanjay, Inc. (TNJAY) Branch-lite Unit Branch-lite Unit 30-Aug-2024 30-Aug-2024 Bago, Negros Occidental San Carlos, Negros Occidental II. OPENED BANKING OFFICES Bank Name Type of Office Date Opened City/Municipality A. UNIVERSAL AND COMMERCIAL BANKS

  1. Bank of the Philippine Islands (BPI) Branch-lite Unit 04-Sep-2024 Makati City
  2. BDO Unibank, Inc. (BDO) Regular Branch Regular Branch Regular Branch Regular Branch Regular Branch Regular Branch Branch-lite Unit Branch-lite Unit Branch-lite Unit 01-July-2024 03-Sep-2024 17-Sep-2024 27-Aug-2024 San Juan City San Leonardo, Nueva Ecija Calapan City Hagonoy, Bulacan Malaybalay, Bukidnon San Ildefonso, Bulacan Cagayan de Oro City Davao City Marilao, Bulacan
  3. Development Bank of the Philippines (DBP) Branch-lite Unit 16-Sep-2024 Lapu-Lapu City
  4. Security Bank Corporation (SBC) Regular Branch Regular Branch Regular Branch Regular Branch 07-Aug-2024 17-Sep-2024 25-Sep-2024 26-Sep-2024 Binangonan, Rizal Agoo, La Union City of Mati Talisay City

Page 3 of 5 Bank Name Type of Office Date Opened City/Municipality 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 05-Aug-2024 05-Aug-2024 06-Aug-2024 06-Aug-2024 07-Aug-2024 28-Aug-2024 24-Sep-2024 25-Sep-2024 Masinloc, Zambales New Corella, Davao Del Norte Jimenez, Misamis Occidental Lupao, Nueva Ecija Santa Ignacia, Tarlac Kibawe, Bukidnon Quezon, Bukidnon Del Carmen, Surigao Del Norte
  2. CARD SME Bank, Inc. A Thrift Bank (CSMEB) Regular Branch 12-Aug-2024 Narra, Palawan
  3. China Bank Savings, Inc. (CBSI) Branch-lite Unit Branch-lite Unit 01-July-2024 22-Aug-2024 Tanza, Cavite Ipil, Zamboanga Sibugay
  4. Producers Savings Bank Corporation (PROSB) Regular Branch Regular Branch Regular Branch Regular Branch 01-July-2024 01-Aug-2024 08-Aug-2024 12-Sep-2024 Mapandan, Pangasinan Baguio City Allacapan, Cagayan Malaybalay City
  5. Rizal Microbank, Inc. – A Thrift Bank (RMITB) Branch-lite Unit Branch-lite Unit Branch-lite Unit Branch-lite Unit Branch-lite Unit 30-July-2024 09-Aug-2024 09-Aug-2024 Lucena City Nabunturan, Davao de Oro San Francisco, Agusan del Sur Kabacan, North Cotabato San Pablo City
  6. Sun Savings Bank, Inc. (SUNSB) Branch-lite Unit 05-Sep-2024 Bogo City C. RURAL AND COOPERATIVE BANKS
  7. Bankways, Inc. (A Rural Bank) (BWIRB) Branch-lite Unit 05-Jul-2024 Tubigon, Bohol

Page 4 of 5 Bank Name Type of Office Date Opened City/Municipality 2. 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 26-July-2024 31-July-2024 30-Aug-2024 04-Sep-2024 06-Sep-2024 20-Sep-2024 25-Sep-2024 27-Sep-2024 27-Sep-2024 Compostela, Cebu Daanbantayan, Cebu Tapaz, Capiz Libon, Albay Allacapan, Cagayan Delfin Albano, Isabela Liliw, Laguna Pagudpud, Ilocos Norte Victoria, Laguna 3. Card MRI Rizal Bank, Inc. A Microfinance￾Oriented Rural Bank (MRIRB) Branch-lite Unit 29-July-2024 Barobo, Surigao del Sur 4. Cebuana Lhuillier Rural Bank, Inc. (CLHUI) Regular Branch Regular Branch 01-July-2024 03-Sep-2024 South Cotabato Angeles City 5. Innovative Bank, Inc. (A Rural Bank) (INNOV) Branch-lite Unit 17-Sep-2024 Quezon City 6. Lifebank – A Rural Bank (LFEBK) Branch-lite Unit Branch-lite Unit Branch-lite Unit 01-July-2024 01-Aug-2024 27-Aug-2024 Igbaras, Iloilo Iloilo City New Washington, Aklan 7. Rural Bank of Bansud (Oriental Mindoro), Inc. (BNSUD) Branch-lite Unit 08-Aug-2024 Bulalacao, Oriental Mindoro 8. Rural Bank of San Narciso, Inc. (SNZAM) Branch-lite Unit 27-Aug-2024 Guagua, Pampanga

Page 5 of 5 Bank Name Type of Office Date Opened City/Municipality 9. Top Bank Philippines, Inc. (A Rural Bank) (TOPRB) Regular Branch 15-July-2024 Guiguinto, Bulacan

CHUCHI G. FONACIER Deputy Governor

19 December 2024