C08000-2024

SECURITIES AND EXCHANGE COMMISSIONSEC FORM 17-C

CURRENT REPORT UNDER SECTION 17
OF THE SECURITIES REGULATION CODE
AND SRC RULE 17.2(c) THEREUNDER

1. Date of Report (Date of earliest event reported)
Dec 18, 2024
2. SEC Identification Number
A1997-9587
3. BIR Tax Identification No.
005-338-421-000
4. Exact name of issuer as specified in its charter
Citystate Savings Bank, Inc.
5. Province, country or other jurisdiction of incorporation
Makati City, Metro Manila, Philippines
6. Industry Classification Code(SEC Use Only)
7. Address of principal office
Citystate Centre Building, 709 Shaw Blvd., Pasig City Postal Code 1600
8. Issuer's telephone number, including area code
632-8470-3333
9. Former name or former address, if changed since last report
N/A
10. Securities registered pursuant to Sections 8 and 12 of the SRC or Sections 4 and 8 of the RSA
Title of Each Class Number of Shares of Common Stock Outstanding and Amount of Debt Outstanding
Common Shares 161,800,000
11. Indicate the item numbers reported herein
Item No. 4 only

The Exchange does not warrant and holds no responsibility for the veracity of the facts and representations contained in all corporate disclosures, including financial reports. All data contained herein are prepared and submitted by the disclosing party to the Exchange, and are disseminated solely for purposes of information. Any questions on the data contained herein should be addressed directly to the Corporate Information Officer of the disclosing party.

Citystate Savings Bank, Inc.CSB

PSE Disclosure Form 4-8 - Change in Directors and/or Officers
(Resignation/Removal or Appointment/Election)
References: SRC Rule 17 (SEC Form 17-C) and
Section 4.4 of the Revised Disclosure Rules

Subject of the Disclosure

Resignation of Senior Officers
Promotion to Assistant Vice President/Chief Information Security Officer
Background/Description of the Disclosure

In today’s Regular Board Meeting, the Board of Directors of Citystate Savings Bank, Inc. notes the following:

A. Resignation of Ms. Mafel D. Bolaton as Corporate Loans Unit Head/Assistant Vice President effective 10 December 2024;
B. Resignation of Mr. Pompeyo A. Claveria as Chief Compliance Officer/Vice President effective 11 December 2024;
C. Resignation of Mr. Arnold Tolentino as Credit, Collections and Remedial Group Head/First Vice President effective 11 December 2024.

Further, the Board of Directors of Citystate Savings Bank, Inc., approves the following:

A. Promotion of Mr. Marcel D. Cabrera from Acting-Chief Information Security Officer/Senior Manager to Chief Information Security Officer/Assistant Vice President effective 18 December 2024;
B. Appointment of Mr. Inocencio Joven C. Abunan as Officer-in-Charge (OIC) of the Compliance Department with the Rank of Vice President effective 18 December 2024;
C. Appointment of Mr. John Emmanuel C. Garcia as Officer-in-Charge (OIC) of the Risk Department with the Rank of Manager effective 18 December 2024.
Resignation/Removal or Replacement
Name of Person Position/Designation Effective Date of Resignation/Cessation of term
(mmm/dd/yyyy)		 Reason(s) for Resignation/Cessation
Mafel D. Bolaton Assistant Vice President/Corporate Loans Unit Head 12/10/2024 Career Opportunity
Pompeyo A. Claveria Vice President/Chief Compliance Officer 12/11/2024 Personal Reason
Arnold Tolentino First Vice President/Credit, Collections and Remedial Group Head 12/11/2024 Personal Reason
Election or Appointment
Name of Person Position/Designation Date of Appointment/Election
(mmm/dd/yyyy)		 Effective Date of Appointment Election
(mmm/dd/yyyy)		 Shareholdings in the Listed Company Nature of Indirect Ownership
Direct Indirect
Inocencio Joven C. Abunan Vice President/OIC-Compliance Department 12/18/2024 12/18/2024 - - -
John Emmanuel C. Garcia Manager/OIC-Risk Department 12/18/2024 12/18/2024 - - -
Promotion or Change in Designation
Name of Person Position/Designation Date of Approval
(mmm/dd/yyyy)		 Effective Date of Change
(mmm/dd/yyyy)		 Shareholdings in the Listed Company Nature of Indirect Ownership
From To Direct Indirect
Marcel D. Cabrera Senior Manager/Acting-Chief Information Security Officer Assistant Vice President/Chief Information Security Officer 12/18/2024 12/18/2024 - - -
Other Relevant Information

Mr. Marcel Cabrera. Mr Cabrera has a degree in BS in Electronics and Communication Engineering from New Era University, Diliman Q.C. He was the Acting-CISO at Citystate Savings Bank (CSB) from April 2022 to December 2024. He also headed the Information Security Department of the Bank. He also functioned as an IT Security Officer at CSB and headed the IT Security Administration Unit of the Bank.

Before joining CSB, he worked as the Head of the IT Risk Management and IT Security Officer for Asia United Bank (AUB) from March 2017 to March 2019. He also worked as a Data Privacy Officer for a short period of time for the same bank from October to November 2017. He participated in the launching of AUB Paymate for QR/E-Wallet payment.

He was assigned as IT Security Administrator at the Bank of Commerce from September 2011 to January 2017. He led IT Security Projects for WebProxy, WebFiltering, Intrusion and Detection and Prevention System, Security Information and Event Management (SIEM) and migration of Anti-virus software for the same bank.

Before joining the banking industry, he was a Pre-Sales and Technical Engineer from 2009 to 2011 at InfoStorage Corporation Inc., an IT Solutions Provider. He also worked as a System and Security Engineer from 2006 to 2009 for iSecure Networks Inc., also an IT Solution Provider.

Inocencio Joven C. Abunan. Mr. Abunan graduated from the University of Santo Tomas
with a Bachelor’s Degree in Commerce Major in Business Administration in 1997. He started his banking career at
Westmont Bank as Loans Clerk/Proof Clerk/Accounting Clerk from July 1997 to November 1999. He became the
Budget Analyst/Reports Analyst from November 1999 to May 2004 of United Overseas Bank – Philippines. From
May 2004 to March 2010, he served as the Assistant GL Unit Head and as the Credit Risk Control Officer up to July
2011 of Philippine Bank of Communications. From July 2011 to September 2013, he was the Management
Information System Officer of Planters Development Bank. Lastly, before joining CSBI, he was the Financial and
Credit Risk Division Head of Philippine Bank of Communications since September 2013 to September 6, 2021.

John Emmanuel C. Garcia. Mr. Garcia graduated from the University of the Philippines Diliman with a Bachelor’s Degree in Business Administration in 2006. He started his banking career at China Banking Corporation as a Marketing Assistant II in Account Management Group (now Institutional Banking Segment). He then became an Underwriting Specialist/Credit Evaluation Officer at AIG PhilAm Savings Bank (now EastWest Banking Corporation). Afterwards, he transitioned as an Operational Risk Management & Control Officer in EastWest Banking Corporation (continuous tenure). He moved to being a Policy, Procedures & Systems Officer (Credit Cards) for Security Bank Savings Corporation. He also joined Planters Development Bank as a Secured Collections Section Head and later on as a Universal Credit Officer (continuous tenure – now China Bank Savings, Inc.). Finally, he served as the Credit Department Head of First United Finance & Leasing Corporation prior joining CSBank.
Filed on behalf by:
Name Jose De Leon
Designation Vice President - Head of Legal Services and Regulatory Affairs Department, Data Privacy Officer and Assistant Corporate Secretary