2025-05-07
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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
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
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
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
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
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Source: Bangko Sentral ng Pilipinas — original document · Summary generated with machine assistance and reviewed before publication; the authoritative text is the regulator's original document. How RegAlert works
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