Producers Bank

Bank in the Philippines

Producers Savings Bank Corporation

Company type| Public
Industry| Financial services
Founded| November 27, 1995; 28 years ago (1995-11-27) in San Jose, Nueva Ecija, Philippines

Headquarters|

Ortigas Center, Pasig

Philippines

Key people

* Andres M. Cornejo (Chairman and CEO)
* Sandra C. Mendoza (Vice Chairman)
* Andrei D. Cornejo, Jr. (President & COO)

Products| Deposits, Loans, Remittances, Insurance
Website| www.producersbank.com.ph

Producers Savings Banking Corporation, or simply Producers Bank, is a Filipino bank with Headquarters in Pasig.

It provides banking services including savings accounts, ATMs, checking accounts, time deposits, and foreign currency deposit unit accounts, loans including business loans, mortgage loans, agricultural/crop loans, auto loans and teacher's salary loans. It also provides money transfer services via Western Union.[1]

As of 2022[update], Producers Bank has a total of two hundred fifty three branches across the Philippines.

## History

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The bank in started operations on November 27, 1995 in San Jose City, Nueva Ecija. It expanded and by 2019 had over 250 branches through the Philippines.

In July 2019, the bank took over Banco Dipolog when it acquired ninety-nine point ninety-eight percent (99.98%) stock from owning company PBCom.[2]

In April 2024, the bank acquired Leyte rural bank. The bank would absorb all the assets and liabilities of the rural bank located in Southern Leyte.[3]

## See also

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* List of banks in the Philippines

## References

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1. ^ "Producers Savings Bank Corp Profile". Bloomberg. April 19, 2016. Retrieved 2019-07-28.
2. ^ Montallana, Aaron (August 5, 2019). "PBCom Rural Bank announces change in ownership". pbcomrb.com.ph. Archived from the original on 2019-09-29. Retrieved 2019-09-26.
3. ^ "Producers Savings Bank acquires Leyte rural bank". PhilStar Global. April 23, 2024.