Approved applications for new banking offices and (2) new banking offices opened during the Fourth Quarter of 2002
CIRCULAR LETTER Series of 2003
TO: ALL BANKS
For information, listed below are the (1) approved applications for new banking offices and (2) new banking offices opened during the Fourth Quarter of 2002:
I. APPROVED APPLICATIONS
Type of Office
Date Approved
City/ Municipality
A. COMMERCIAL BANKS
1. China Bank
Branch
11/11/02
Cebu City
B. Thrift Banks - None
C. RURAL BANKS
1. Mallig Plains RB
Branch
10/22/02
Tueguegarao, Cagayan
Branch
10/22/02
Cabarroguis, Quirino
2. Valiant Rural Bank (Iloilo), Inc.
Branch
11/13/02
Duenas, lloilo
3. Producers Rural Banking Corp. Branch
Branch
11/20/02
Canaman, Camarines Sur
Branch
11/20/02
Baao. Camarines Sur
4. RB of Faire (Cagayan)
Branch
11/27/02
Baggao, Cagayan
Branch
11/27/02
Lasam, Cagayan
5. Network RB (Davao City)
Branch
11/28/02
Padada, Zamboanga del Norte
Branch
11/28/02
Malungon. Sarangani
II. RE-OPENED
A. COMMERCIAL BANK
1. International Exchange Bank
Branch
12/18/02
Manila
B. THRIFT BANKS
a. Savings & Mortgage Bank
1. Banco Filipino
Branch
12/20/02
Imus, Cavite
2. Philippine Business Bank
Branch
10/10/02
Dagupan City
b. Private Development Banks - None
c. Stock Savings 8 Loans Assn. - None
OPENED
A. COMMERCIAL BANK
1. Allied Bank
Branch
12/20/02
Cotabato City
B. THRIFT BANKS - None
C. RURAL BANKS
1. Vision Bank (a RB)
H.O.
10/08/02
Bato, Catanduanes
2. Benguet Center Bank (a RB)
H.O.
10/08/02
Sablan, Benguet
3. Card Rural Bank
Branch
10/01/02
Dimasalang, Masbate
Branch
10/02/02
Cataingan, Masbate
4. Peoples Bank of CARAGA
Branch
10/08/02
Sibagat, Agusan del Sur
5. RB of Bauang (La Union), Inc.
Branch
10/10/02
Bauang, La Union
6. RB of Talisayan (Misamis Or.)
E.O.
10/08/02
Salay, Misamis Oriental
7. Salug Valley RB (ZDN)
Branch
11/05/02
Aurora, Zamboanga del Sur
8. RB of Mabalacat (Pampanga)
Branch
11/05/02
Bamban, Tarlac
ALBERTO V. REYES Deputy Governor
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