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Philippine Business Bank
|Philippine Business Bank (PBB) was incorporated on January 28, 1997 as Total Savings Bank and was granted the authority to operate as a thrift bank by the Monetary Board of the Bangko Sentral ng Pilipinas (BSP). On December 16, 1997, the Securities and Exchange Commission (SEC) approved the change in its corporate name to the present one.
PBB is a thrift bank offering a range of commercial and consumer or retail banking products, trust services, and other related financial services such as mail and telegraphic transfers, safety deposit facilities, payment services, among others. The Company provides banking services and products including cash management, retail and corporate lending, deposit products, international trade finance, treasury and trust products.
In June 2015, PBB entered into a purchase agreement with the Insular Savers Rural Bank (ISRB) wherein the Company will purchase 100% of the stock, assets and goodwill of ISRB. In the following month, PBB entered into a purchase agreement with Bataan Savings and Loan Bank (BSLB) wherein the Company will purchase all of recorded properties, assets and goodwill of BSLB. Both acquisitions are subject to the approval of a merger plan by the BSP and SEC.
As of December 31, 2015, the Company has a network of 134 branches and 88 automated teller machines located all over the country.
Source: SEC Form 17-A (2015)
|Incorporation Date||Jan 28, 1997|
|Number of Directors||10|
|Stockholders' Meeting as per By-Laws||last Friday of April|
|Fiscal Year||12/31 (Month/Day)|
|External Auditor||Punongbayan & Araullo|
|Transfer Agent||Stock Transfer Service, Inc.|
|Business Address||350 Rizal Avenue Extension corner 8th Avenue, Grace Park, Caloocan City|
|Telephone Number||(632) 363-3333|
|Fax Number||(632) 364-9171|