September 7, 2025 | 12:00am
MANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) has licensed the company title change of SeaBank Philippines Inc. (A Rural Financial institution) to Maribank Philippines Inc.
In a round signed by BSP Deputy Governor Lyn Javier, the central financial institution stated it permitted on April 21 the request of SeaBank Philippines to alter its company title.
The Securities and Trade Fee subsequently cleared the amended Articles of Incorporation and By-Legal guidelines of the financial institution on July 31, reflecting its new title, Maribank Philippines Inc.
The agricultural financial institution is amongst BSP-supervised monetary establishments working within the nation’s banking system.
SeaBank Philippines, previously often called Banco Laguna Inc., has a legacy that traces again to its founding in 1965. From its modest beginnings in a small city in Laguna, the financial institution has constantly held its mission of supporting native communities by offering entry to important monetary providers.
Following its rebranding in 2020 and guided by a transparent mission and imaginative and prescient to make monetary providers accessible to all via proprietary expertise and knowledge, the financial institution transitioned from conventional banking to a extra technology-driven method, seamlessly integrating revolutionary options whereas persevering with to serve its core rural clientele, notably within the Calabarzon area.
As of the tip of 2024, SeaBank operates 4 branches throughout Laguna in Pagsanjan, Sta. Cruz, Siniloan and Liliw. It additionally maintains an extension workplace in Mandaluyong to assist its rising operational wants.
In the meantime, the BSP’s Financial Board revoked the license of the RGC Workers Financial savings and Mortgage Affiliation Inc. to function as a non-stock financial savings and mortgage affiliation (NSSLA).
The Financial Board, via Decision 574 dated June 5, dominated to withdraw the affiliation’s license pursuant to Part 22 of Republic Act 8367, or the Revised Non-Inventory Financial savings and Mortgage Affiliation Act of 1997, together with its implementing guidelines and rules.
With the revocation, the RGC Workers Financial savings and Mortgage Affiliation is not licensed to conduct operations as an NSSLA.
Each measures have been issued via separate round letters for the knowledge and steerage of all banks and non-bank monetary establishments.
