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CitySavings was incorporated by Don Ramon Aboitiz and Teotimo Abellana in 1965 at Cebu City, Philippines as Cebu City Savings and Loan Association (CCSLA). After 11 years, the bank expanded to the nearby city of Tagbilaran, Bohol. In 2013, City Savings was acquired by UnionBank and became its subsidiary.
The Philippines has a comprehensive banking system encompassing various types of banks, from large universal banks to small rural banks and even non-banks.As of September 30, 2022, [1] there were 45 universal and commercial banks, [2] 44 savings banks, [3] 400 rural and cooperative banks, [4] 40 credit unions and 6,267 non-banks with quasi-banking functions, all licensed by the Bangko Sentral ...
The First Consolidated Bank, also known by its initials FCB, is a private, independent development savings bank organized in 1982 in the province of Bohol in the Philippines by a group of Filipino business people. It operates out of Tagbilaran City, and has 79 branches in different parts of the country. [1]
The bank caters to the needs of corporate, middle market and retail clients. As of 2009, the bank operated 24 branches nationwide and employed 276 employees. As of December 27, 2010, Citystate has a total market capitalization of P2.03 billion and a share price of P28.00.
The following tables list the number of U.S. banks that have failed since 2009. ... First City Bank of Florida and Almena State Bank) experienced previous financial problems, according to the FDIC ...
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In 1993, UnionBank merged with International Corporate Bank ("Interbank") and in 2006, another merger with International Exchange Bank ("iBank") followed (after first being denied by iBank). [4] [5] In 2013, UnionBank acquired City Savings Bank, making City Savings Bank a 100% UnionBank subsidiary and consolidating Aboitiz group's banking units ...
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