4.30.2011

List of Savings Banks in the Philippines

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

Updates on Certain Savings Banks :

- 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.
-  BDO Elite Savings Bank surrendered its banking and trust licenses to the BSP and got approval on 20 August 2015.
-  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:
-  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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