[FEATURED] Copy of City Savings Bank opens 100th branch 1

Banking and Financial Services

City Savings Bank opens 100th branch

  • CitySavings’ newest branch in Zamboanga is expected to serve 9,000 public school teachers
  • Plans to open 10-15 more branches this 2016
Copy of City Savings Bank opens 100th branch 2
The CitySavings Zamboanga branch team with guests and bank officers.

In time with its golden year, City Savings Bank celebrated another significant milestone as it opened its 100th branch in Zamboanga City last January 13. This is the 3rd branch in Region IX (Zamboanga Peninsula) and 15th branch in Mindanao.

CitySavings Chairman Eugene Acevedo, EVP for Channel Management Levi Villanueva, Zamboanga Asst. City Administrator Marie Angelique Cruz Go, Board Member Romy Ronquillo, and President & CEO Catalino Abacan led the ribbon-cutting ceremony.

“We want to be the partner of the teachers in this city in elevating their lives. They are the reason for our being. This is a memorable day because we have inaugurated our 100th branch in time for the Bank’s 50th year anniversary. To serve the teachers better, we are opening 5 more branches: one in Mindanao and four in other parts of the country,” shared Abacan.

“CitySavings serves the most important person. In the Philippines, there are about 620,000 to 630,000 teachers and about half of them banks with us. I think it speaks for itself because we believe in the passion to serve teachers,” added Ronquillo.

“I may be known as the Chairman of the Board but from where I came from, I am known as the son of Ester Acevedo, a public school teacher. We are happy that we are multiplying the number of teachers that we serve and so we thought of serving other sectors of our society, hence we launched our GSIS pension loans last December 2015. When we serve teachers, we smile before we sleep,” said Acevedo.

The branch, located at RHW Building, Mayor Jaldon St., Brgy. Canelar, Zamboanga City, expects to serve about 9,000 public school teachers.

CitySavings has also secured regulatory approval from the Bangko Sentral ng Pilipinas to put up 10-15 more branches, mostly in Luzon, part of its efforts to reach out to public school teachers.

A CitySavings service associate gladly processes a teacher’s loan application.
A CitySavings service associate gladly processes a teacher’s loan application.