4.30.2011

List of Savings Banks in the Philippines

By Nora
Updated November 7, 2016:

Here's an alphabetical list of savings banks or thrift banks in the Philippines, authorized and supervised by the Bangko Sentral ng Pilipinas, based on data published on the BSP website.  Included are the locations of their Headquarters.
       
            Savings Bank           Location of Headquarters

1     1st Valley Bank, A Development Bank, Cagayan de Oro
2     Bank of Makati, A Savings Bank, Makati
3     Bank One Savings and Trust Corp., Manila
4     Bataan Development Bank, Bataan
5     Bataan Savings and Loan Bank, Bataan
6     BPI Direct Savings Bank, Makati
7     BPI Family Savings Bank, Makati
8     BPI Globe BanKo, A Savings Bank, San Juan City
9   Business and Consumers Bank (A Development Bank), Iloilo City
10   Card SME Bank, A Thrift Bank, San Pablo City
11   Century Savings Bank Corp., Pasig City
12   China Bank Savings, Makati
13   City Savings Bank, Cebu City
14   Citystate Savings Bank, Pasig City
15   Cordillera Savings Bank, Nueva Vizcaya
16   Dumaguete City Development Bank, Dumaguete City
17   Dungganon Bank, A Microfinance Thrift Bank, Negros Occidental
18   Enterprise Bank, A Thrift Bank, Surigao del Sur
19   Equicom Savings Bank, Makati
20  Farmers Savings and Loan Bank, Bulacan
21  First Consolidated Bank, A Private Development
         Bank, Tagbilaran City
22  Hiyas Banking Corporation, Bulacan
23  HSBC Savings Bank Phils, Makati
24  Inter-Asia Development Bank, Tagaytay City
25  Isla Bank, A Thrift Bank, Makati
26  Legazpi Savings Bank, Legazpi City
27  Lemery Savings and Loan Bank, Batangas
28  Life Savings Bank, Cainta
29  Luzon Development Bank, Laguna
30  Malasiqui Progressive Savings and Loan Bank, Pangasinan
31  Malayan Bank Savings and Mortgage Bank, Makati
32  Maritime Savings Bank Corp., Cavite
33  mBank Philippines, A Thrift Bank, Laguna
34  Merchants Savings and Loan Association, Davao City
35  Metro-Cebu Public Savings Bank, Cebu
36  Microfinance Maximum Savings Bank, Oriental Mindoro
37  Northpoint Development Bank, Laguna
38  Opportunity Kauswagan Bank, (A Microfinance Thrift Bank), Iloilo City
39  Optimum Development Bank, Mandaluyong
40  Pacific Ace Savings Bank, Olongapo City
41  The Palawan Bank (Palawan Development Bank), Palawan
42  Pampanga Development Bank, Pampanga
43  Penbank, A Private Development Bank, General Santos City
44  Philippine Business Bank, A Savings Bank Caloocan City
45  Philippine Postal Savings Bank, Manila
46  Philippine Resources Savings Banking Corp.
          (PR Savings Bank), Isabela
47  Philippine Savings Bank, Makati
48  Phil Star Development Bank, Batangas
49  PNB Savings Bank, Makati (formerly Allied Savings Bank)
50  Producers Savings Bank Corporation, Pasig City
51  Queen City Development Bank, A Thrift Bank (Queenbank), Iloilo City
52  Quezon Coconut Bank, A Thrift Bank, Lucena City
53  RCBC Savings Bank, Inc., Pasig City
54  Sampaguita Savings Bank, Laguna
55  Sterling Bank of Asia, A Savings Bank, San Juan City
56  Sun Savings Bank, Cebu
57  TongYang Savings Bank, Makati
58  Tower Development Bank, Bulacan
59  UCPB Savings Bank, Makati
60  University Savings Bank, Manila
61  Village Bank, A Thrift Bank, Bataan
62  Wealth Development Bank Corporation, Cebu City
63  World Partners Bank, A Thrift Bank, Laguna

There were:
68 thrift banks as of June 2015
69 thrift banks as of February 2016
63 thrift banks as of June 2016

Updates on Certain Savings Banks :

-  BDO Elite Savings Bank surrendered its banking and trust licenses to the BSP and got approval on 20 August 2015. It was consolidated into BDO Capital and Investment Corp. in July 2016.
-  BDO Savings Bank, formerly Citibank Savings, was consolidated into BDO Capital and Investment Corp., together with BDO Elite Savings Bank, in July 2016.
-  United Overseas Bank started operating as a commercial bank and as a bank branch of Singapore-based bank United Overseas Bank Ltd.
- Tong Yang Savings Bank was acquired in July 2015 by Taiwanese bank Yuanta Commercial Bank Co. Ltd., the fifth foreign bank allowed to operate in the country, under the new bank liberalization law. Tong Yang was previously Orion Savings Bank.
Tongyang was acquired from Yuanta Securities Korea Co., Ltd., a subsidiary of Yuanta Securities whose parent company is Taiwan-based Yuanta Financial Holdings.
- PNB Savings Bank is now the name of Allied Savings Bank. Allied was renamed after PNB merged with its subsidiary Allied Bank Corp.
Robinsons Savings Bank Corporation became a commercial bank called Robinsons Bank Corp. in February 2010, following its purchase of the Royal Bank of Scotland NV's shares in the Royal Bank of Scotland (Philippines) Inc.
- Liberty Savings Bank, located in Bulacan, which was previously 47th in assets as of December 2011, changed to a rural bank named Liberty Bank, A Rural Bank in April 2012.
- Premiere Development Bank, 19th in assets as of March 2012, was acquired by Security Bank and renamed Security Bank Savings.  The acquisition was announced online in June 2011.
- ComSavings Bank is GSIS Family Bank. ComSavings Bank was the previous name of GSIS Family Bank. Its website still uses the name GSIS Family Bank.   
- Philippine Resources Savings Banking Corp., based in Cauayan City, Isabela, was formerly a rural bank. It started operating as a savings bank in November 2011, and became the 13th biggest savings bank based on total assets as of March 2012.
- Progress Savings and Loan Bank, based in Zambales, was previously Progress Savings and Loan Association
Quezon Coconut Bank is also called Quezon Coconut Producers Savings and Loan Bank
-  The assets and liabilities of Security Bank Savings Corp.  were absorbed by its parent company, Security Bank Corp. SBSC was allowed to retain its thrift bank license and put it on an inactive status.
     Security Bank Savings was formerly Premiere Development Bank, a subsidiary of Security Bank.
-  Penbank, A Private Development Bank, was formerly Peninsula Rural Bank, Inc.
-  Phil Star Development Bank was formerly Pride Star Development Bank. Name change approved by the BSP on February 26, 2014
-  Citibank Savings was acquired by BDO and renamed Banco de Oro Savings Bank.
-  Producers Savings Bank Corp. acquired Iloilo City Development Bank on October 31, 2013. Producers Savings started operating as merged bank on November 12, 2013.
-  The Real Bank, A Thrift Bank surrendered its banking license in August 2014 after its assets and liabilities were acquired by BDO Unibank.

Savings Banks That Closed in Recent Years:

-  Sampaguita Savings Bank, Inc. was closed down by the BSP on October 13, 2016.
-  GSIS Family Bank or ComSavings Bank was closed down by the BSP on May 13, 2016
-  Progress Savings and Loan Bank Inc. voluntarily surrendered its banking license in March 2016.
-  Silangan Savings and Loan Bank, based in Silang, Cavite, was closed down by the BSP on January 9, 2014.
LBC Development Bank, based in Makati City, was closed in September 2011. It had 19 branches.
Express Savings Bank, based in Cabuyao, Laguna, was closed in July 2011. It had 3 branches in Laguna.
Bank of Calape Savings and Mortgage Bank, based in Calape, Bohol, was closed in July 2011. It had one branch.
Banco Filipino Savings Bank finally shut down on March 15, 2011. It was closed over the period from 1985 to 1992. It had 62 branches, 32 in Metro Manila and 30 in the provinces.
- Penafrancia Savings and Loan Association, based in Camarines Sur, was closed in July 2010. It had one branch in Cavite.

Related Articles:
Top Savings Banks in the Philippines, Based on ROE Dec 2010
Top 27 Savings Banks in the Philippines — or Top 27 Thrift Banks
Banco Filipino Had Been Waving Red Flags
Top 10 Banks in the Philippines based on Assets, Deposits and Capital

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