Approved applications for new banking offices; and (2) the new banking offices opened during the 3rd Quarter of 2003

CIRCULAR LETTER Series of 2004

TO: ALL BANKS

For information, listed below are: (1) the approved applications for new banking offices; and (2) the new banking offices opened during the 3rd Quarter of 2003:

I. APPROVED APPLICATIONS

Type of Office

Date Opened

City/ Municipality

A. COMMERCIAL BANK

None

B. THRIFT BANK

None

C. RURAL BANKS

1. Rural Bank of Eayombong (Nueva Vizcaya)

Branch

07/17/03

Gamu, lsabeta

2. Rural Bank of Lanuza (Surigao del Sur)

Branch

07/18/03

Tago, Surigao del Sur

Branch

07/18/03

Bacauag, Sungao del Norte

3. Rural Bank of Santiago de Libon (Albay)

Branch

07/10/03

Bato, Camarfnes Sur

Branch

07/18/03

Pio Duran, Albay

4. Asian Hills Bank (Bukidnon)

Branch

07/29/03

Talacag, Bukidnon

Branch

07/29/03

Dangcagan, Bukidnon

5. Rural Sank of Kalilangan (Bukidnon)

Branch

09/19/03

Kadingilan, Bukidnon

6. Nuestra Senora del Pilar, Inc. (a Rural Bank)

H. O.

09/18/03

San Simon, Pampanga

II. OPENED

A. COMMERCIAL BANK

Re-opened

1. Maybank Phils., Inc.

Branch

07/01/03

San Juan, Metro Manila

2. Export & Industry Bank

Branch

07/01/03

Quezon City

3 . Banco de Oro

Branch

07/07/03

Davao City

Branch

07/07/03

Davao City

Branch

07/07/03

Zamboanga City

Branch

07/10/03

San Juan, Metro Manila

Branch

07/14/03

Cagayan De Oro City

Branch

07/14/03

lligan City

Branch

07/14/03

Paranaque City

Branch

07/21/03

Iloilo City

Branch

07/21/03

Iloilo City

Branch

07/21/03

Gen. Santos City

Branch

07/21/03

Tacloban City

Branch

07/28/03

Makati City

4. Metrobank

Branch

07/08/03

Bacolod City

Branch

07/28/03

Marikina City

Branch

07/28/03

Quezon City

5. Bank of Commerce

Branch

09/08/03

Dasmarinas, Cavite

6. Rizal Commercial Banking Corp.

Branch

09/08/03

Calamba, Laguna

7. International Exchange Bank

Branch

09/17/03

San Fernando City, Pampanga

B. THRIFT BANKS

a. Savings & Mortage Banks

Re-opened

1. Robinsons Savings Bank

Branch

08/20/03

Caloocan City

2. The Manila Banking Corp.

Branch

09/08/03

Quezon City

3. Equitable Savings Sank

Branch

09/23/03

Las Pinas City

b. Private Development Bank - None

c. Stock Savings & Loan Assn. - None

C. RURAL BANKS

1. Valiant Rural Bank

Branch

07/06/03

Duenas, lloilo

2. Rural Bank of Benito Soliven (Isabela)

Branch

07/11/03

Ballesteros, Cagayan

3. Xavier Punia Rural Bank, Inc.

H.O.

07/14/03

Pangantukan, Bukidnon

4. Rangay Rural Bank (La Union)

Branch

07/28/03

Sta. Cruz, llocos Sur

5. Philippine Rural Banking Corp.

Branch

07/29/03

Echague, Isabela

6. Rural Bank of Faire (Cagayan)

Branch

08/06/03

Baggao, Cagayan

7. Rural Bank of Santiago de Libon (Albay)

Branch

08/18/03

Bato, Camarines Sur

8. Rural Bank of Casiguran (Aurora)

Branch

08/25/03

Dilasag, Aurora

9. Rural Bank of Camalig (Albay), Inc.

Branch

08/28/03

San Andres, Catanduanes

10. Rural Bank of Labason (Zamboanga del Norte)

Branch

09/02/03

Tampilisan, Zamboanga del Norte

ALBERTO V. REYES Deputy Governor