2024-06-20

Approved Applications for New Banking Offices and Opened Banking Offices During the 1st Quarter of 2024

The Office of the Deputy Governor for Financial Supervision Sector issued Circular Letter CL-2024-030 to list approved applications for new banking offices and opened banking offices during the first 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 regulator for the period ending March 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 1 st Quarter of 2024 For information, listed below are the (1) approved applications for new banking offices, and (2) opened banking offices during the 1st 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 the Philippine Islands (BPI) Branch-lite Unit 12-Jan-2024 Cauayan City
  2. Maybank of the Philippines Incorporated (MBPI) Branch-lite Unit Branch-lite Unit Branch-lite Unit Branch-lite Unit 27-Feb-2024 Dipolog City Tacloban City Tagum City Tuguegarao City B. THIRFT BANKS
  3. 1 st Valley Bank, Inc. A Development Bank (1VBDB) Branch-lite Unit 30-Jan-2024 Wao, Lanao Del Sur C. RURAL AND COOPERATIVE BANKS
  4. Cebuana Lhuillier Rural Bank, Inc. (CLHUI) Regular Branch Regular Branch Regular Branch 08-Jan-2024 Angeles City Tanjay City General Santos City

Page 2 of 4 Bank Name Type of Office Date Approved City/Municipality 2. LifeBank – A Rural Bank (LFEBK) 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 01-Feb-2024 Ajuy, Iloilo Bacolod City Bacolod City Bago City Dingle, Iloilo Igbaras, Iloilo Jamindan, Capiz Ma-Ayon, Capiz Mandurriao, Iloilo New Washington, Iloilo Panay, Capiz Pavia, Iloilo Silay City 3. Mount Carmel Rural Bank, Inc. (MTCAR) Regular Branch Regular Branch Branch-lite Unit Branch-lite Unit 06-Feb-2024 Lipa City Tanay, Rizal Pagsanjan, Laguna Atimonan, Quezon 4. Rural Bank of Bansud (Oriental Mindoro), Inc. (BNSUD) Branch-lite Unit Branch-lite Unit 01-Feb-2024 01-Feb-2024 Pinamalayan, Oriental Mindoro Bulalacao, Oriental Mindoro II. OPENED BANKING OFFICES Bank Name Type of Office Date Opened City/Municipality A. UNIVERSAL AND COMMERCIAL BANKS

  1. BDO Unibank, Inc. (BDO) Branch-lite Unit 12-Feb-2024 Angeles City
  2. Maybank Philippines Incorporated (MBPI) Branch-lite Unit Branch-lite Unit 18-Mar-2024 19-Mar-2024 Tuguegarao City Tagum City
  3. Security Bank Corporation (SBC) Regular Branch 09-Jan-2024 Davao City

Page 3 of 4 Bank Name Type of Office Date Opened City/Municipality B. THRIFT BANKS

  1. Bangko Kabayan, Inc. (A Private Development Bank) (KBYAN) Regular Branch 08-Mar-2024 Pototan, Iloilo
  2. BPI Direct BanKO, Inc. A Savings Bank (BPIDB) Branch-lite Unit 04-Mar-2024 Taguig City
  3. China Bank Savings, Inc. (CBSI) Branch-lite Unit Branch-lite Unit 01-Mar-2024 11-Mar-2024 Cadiz City Tuguegarao City
  4. First Consolidated Bank, Inc. (A Private Development Bank) (FCDB) Regular Branch 11-Mar-2024 Mamburao, Occidental Mindoro
  5. Producers Savings Bank Corporation (PROSB) Regular Branch 05-Feb-2024 Santa Ignacia, Tarlac C. RURAL AND COOPERATIVE BANKS
  6. Bayanihan Bank, Inc. (BYNHN) Branch-lite Unit 17-Jan-2024 Calauag, Quezon
  7. 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 05-Jan-2024 17-Jan-2024 19-Jan-2024 31-Jan-2024 08-Feb-2024 16-Feb-2024 21-Feb-2024 23-Feb-2024 06-Mar-2024 08-Mar-2024 13-Mar-2024 13-Mar-2024 15-Mar-2024 20-Mar-2024 Cabatuan, Isabela Basista, Pangasinan Cuyapo, Nueva Ecija Tanjay City Jones, Isabela Gabaldon, Nueva Ecija Basey, Western Samar Dolores, Eastern Samar Buguias, Benguet Buenavista, Agusan del Norte Placer, Masbate Iloilo City Taysan, Batangas Bontoc, Mountain Province

Page 4 of 4 Bank Name Type of Office Date Opened City/Municipality Branch-lite Unit Branch-lite Unit Branch-lite Unit 22-Mar-2024 22-Mar-2024 27-Mar-2024 San Fabian, Pangasinan Barotac Viejo, Iloilo Buhi, Camarines Sur 3. CARD Bank, Inc. (A Microfinance￾Oriented Rural Bank) (CRDMF) Islamic Branch 22-Jan-2024 Cotabato City 4. Cooperative Bank of Cotabato (CCOT) Regular Branch 27-Mar-2024 Glan, Sarangani 5. First Integrity Bank, Inc. (Rural Bank of Bailen) (FINTB) Regular Branch 08-Feb-2024 Parañaque City 6. First Isabela Cooperative Bank (FICOBANK) (FICO) Regular Branch 05-Mar-2024 Rosales, Pangasinan 7. Lagawe Highlands Rural Bank, Inc. (LHGL) Branch-lite Unit 06-Mar-2024 Kiangan, Ifugao 8. Mount Carmel Rural Bank, Inc. (MTCAR) Regular Branch 25-Mar-2024 Lipa City 9. Rural Bank of Guinobatan, Inc. (GNBTN) Branch-lite Unit 08-Jan-2024 Polangui, Albay 10. Rural Bank of Rizal (Zamboanga del Norte), Inc. (RIZZN) Branch-lite Unit 29-Jan-2024 Talisay City

CHUCHI G. FONACIER Deputy Governor

20 June 2024