Producers Bank
 | |
| Company type | Public |
|---|---|
| Industry | Financial services |
| Founded | November 27, 1995 in San Jose, Nueva Ecija, Philippines |
| Headquarters | Ortigas Center, Pasig , |
Key people |
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| Products | Deposits, Loans, Remittances, Insurance |
| Website | www |
Producers Savings Bank Corporation (PSBC), commonly known as Producers Bank is a thrift bank in the Philippines based in Ortigas Center, Pasig City. Established on November 27, 1995, in San Jose City, Nueva Ecija, the bank has expanded its presence across the country.
Producers Bank provides a wide range of financial products and services to retail and corporate clients, including deposit-taking, loans (corporate, SME, and consumer). The bank also offers essential banking services such as ATM services, bank-to-bank fund transfers via InstaPay and PESONet, and acts as a direct agent for Western Union facilitating diverse financial transactions.
In its present form, Producers Bank has expanded through a series of acquisitions and mergers, and currently has a branch network of two hundred eighty eight (288) nationwide.
History
[edit]Producers Bank was established as Rural Bank of San Jose City (Nueva Ecija), Inc., on August 2, 1995. Through the vision of its founder, Mr. Andres M. Cornejo, the bank continued to gain steam when it was registered with the Securities and Exchange Commission (SEC) on October 23, 1995.
The Bangko Sentral ng Pilipinas (BSP), then granted its Certificate of Authority on November 17, 1995, which allowed the Bank to officially start banking operations on November 27, 1995.
Producers Bank today is the result of several business combinations in the last twenty one (21) years that involved twenty four (24) banking institutions, including the following:
- In July 2019, the bank took over Banco Dipolog when it acquired ninety-nine point ninety-eight percent (99.98%) stock from owning company PBCom.[1]
- In April 2024, the bank acquired Leyte rural bank. The bank would absorb all the assets and liabilities of the rural bank located in Southern Leyte.[2]
See also
[edit]References
[edit]- ^ Montallana, Aaron (August 5, 2019). "PBCom Rural Bank announces change in ownership". pbcomrb.com.ph. Archived from the original on 2019-09-29. Retrieved 2019-09-26.
- ^ "Producers Savings Bank acquires Leyte rural bank". PhilStar Global. April 23, 2024.