Philtrust Bank, also known as Philippine Trust Company, will inaugurate and bless today, December 10, 2009, its Philtrust Bank Cagayan de Oro City Branch located at Osmeña corner J. Ramonal Streets, Cogon District, Cagayan de Oro City.
Reverend Father Raoul Emmanuel P. Magracia of Sto. Niño de Oro Parish will bless the new branch with Misamis Oriental Governor Oscar S. Moreno, Vice Governor Norris C. Babiera, Cagayan de Oro City Mayor Constantino G. Jaraula and Vice Mayor Vicente Y. Emano as Guests of Honor and principal sponsors.
Philtrust Bank was established on October 21, 1916 and will celebrate its 93rd Anniversary this year. It is the second oldest private commercial bank in the country.
Throughout its 93 years in banking, Philtrust has acquired a reputation for conservatism and reliability and has enjoyed the trust and confidence of the business community and the general public in the Philippines. This policy has been its guiding principle throughout its banking history. The bank has grown steadily since its establishment.
Philtrust has been consistently rated as one of the most outstanding banks in the country for its liquid position. It has not borrowed or availed of any rediscounting facility from the Bangko Sentral ng Pilipinas or other banks; instead, it has been a consistent lender to these institutions.
In addition to loans extended to business and industry, the Bank invests in dollar and peso bonds/bills issued by the Republic of the Philippines and the Bangko Sentral ng Pilipinas.
Branch Officers of the Cagayan de Oro City operations are Ms. Lucina G. Francisco, Assistant Manager, and Ms. Emily C. Zapanta, Assistant Cashier, who have 29 and 21 years of banking experience, respectively.
The present Board of Directors and operating Officers are as follows: Dr. Emilio T. Yap, Chairman Emeritus; Former Chairman of the Monetary Board and Governor of the Central Bank of the Philippines Dr. Jaime C. Laya, Chairman; Former Supreme Court Associate Justice Josue N. Bellosillo, Vice Chairman and Corporate Counsel; Basilio C. Yap, Vice Chairman; Antonio H. Ozaeta, President; Atty. Eusebio S. Go, Dr. Emilio C. Yap, III, Ernesto O. Chan, Mariano L.Crisostomo, Jose M. Fernandez and Miriam C. Cu, Directors; and Atty. Martin B. Isidro, Director and Corporate Secretary.