Producers Bank

Producers Bank, formally Producers Savings Bank Corporation, is a Philippine thrift bank headquartered in Ortigas Center, Pasig City. The institution began as Rural Bank of San Jose City (Nueva Ecija), Inc., a rural banking venture established in 1995 in San Jose City, Nueva Ecija. Andres M. Cornejo is identified as the bank's founder. The organization was incorporated with the Philippine Securities and Exchange Commission on October 23, 1995, received a Certificate of Authority from the Bangko Sentral ng Pilipinas on November 17 of that year, and commenced banking operations on November 27, 1995. The bank's development has been shaped by expansion through business combinations. Its present organization is described as the result of a series of acquisitions and mergers involving 24 banking institutions over a period of approximately 21 years. This consolidation-oriented path enabled a bank that began with a local rural-bank identity to build a broader Philippine presence. A notable transaction occurred in July 2019, when Producers Bank acquired a 99.98% interest in PBCom Rural Bank, formerly known as Banco Dipolog, from Philippine Bank of Communications. In April 2024, it acquired Rural Bank of Maasin and absorbed the rural bank's assets and liabilities. These transactions extended the institution's reach into additional local banking markets, including Southern Leyte. Producers Bank serves both individual and organizational customers. Its reported offerings include deposit accounts, corporate lending, small and medium-sized enterprise financing, and consumer loans. It also provides transaction and payments services, including ATM access, bank-to-bank transfers through InstaPay and PESONet, and Western Union services as a direct agent. The combination of deposit-taking, credit, payments, remittance, and branch-based services positions the institution as a full-service thrift bank rather than a narrowly specialized rural lender. The bank's branch network has expanded across the Philippines and is reported at 288 branches. Its operating model combines physical distribution with interbank electronic-payment rails and remittance access. Publicly available reference material does not establish a separate international operating footprint, public listing, stock ticker, current chief executive, or ultimate parent company. On the available evidence, Producers Bank is an active Philippine banking brand whose identity is closely associated with local-market banking, institutional consolidation, and service to retail and business customers.

Producers Bank traces its origins to Rural Bank of San Jose City (Nueva Ecija), Inc., established on August 2, 1995, in San Jose City, Nueva Ecija. Andres M. Cornejo is identified as the founder. The institution was registered with the Philippine Securities and Exchange Commission on October 23, 1995. After receiving a Certificate of Authority from the Bangko Sentral ng Pilipinas on November 17, 1995, it began banking operations on November 27, 1995. The bank subsequently developed through a succession of combinations with other banking institutions. Reference material describes the modern institution as the product of mergers and acquisitions involving 24 banks over roughly 21 years. This expansion transformed the organization from a locally rooted rural bank into a broader thrift-bank network operating across the Philippines. A significant later step in this process came in July 2019, when Producers Bank acquired 99.98% of PBCom Rural Bank from Philippine Bank of Communications. PBCom Rural Bank had formerly operated under the name Banco Dipolog. The transaction added another established rural-banking operation to Producers Bank's network and continued the bank's acquisition-led growth strategy. In April 2024, Producers Bank acquired Rural Bank of Maasin, taking in all of that institution's assets and liabilities. Rural Bank of Maasin was located in Southern Leyte, giving the transaction a regional expansion dimension. Together with earlier combinations, the acquisition illustrates the bank's use of consolidation to extend its geographic coverage and operating scale. Producers Bank's present business includes deposit-taking and lending for retail and corporate customers. Its credit activities include corporate, SME, and consumer loans. The bank also supports everyday transactions through ATMs, InstaPay and PESONet transfers, and Western Union services provided as a direct agent. Its branch network is reported at 288 locations nationwide. Available reference material does not identify a current chief executive, listed-company status, stock ticker, ultimate parent, or standalone official website. The bank is therefore best characterized on the available evidence as an active, privately held Philippine thrift-bank brand with a nationwide physical network and a service mix spanning deposits, credit, payments, and remittances.

• 2024

  Rural Bank of Maasin acquisition

  [1]Producers Banken.wikipedia.org

  Producers Bank acquired Rural Bank of Maasin and absorbed its assets and liabilities.

• 2019

  PBCom Rural Bank acquisition

  [1]Producers Banken.wikipedia.org

  Producers Bank acquired a 99.98% stock interest in PBCom Rural Bank, formerly Banco Dipolog, from Philippine Bank of Communications.

• 1995

  Origin as Rural Bank of San Jose City

  [1]Producers Banken.wikipedia.org

  Rural Bank of San Jose City (Nueva Ecija), Inc. was established on August 2, 1995, in San Jose City, Nueva Ecija.

• 1995

  SEC registration

  [1]Producers Banken.wikipedia.org

  The institution was registered with the Philippine Securities and Exchange Commission on October 23, 1995.

• 1995

  Banking authorization and launch

  [1]Producers Banken.wikipedia.org

  The Bangko Sentral ng Pilipinas granted a Certificate of Authority on November 17, and the bank began operations on November 27, 1995.

A Philippine thrift bank with a nationwide branch presence, combining local and community-oriented banking with retail deposits, business lending, consumer credit, electronic payments, and remittance services.

• Deposits

  Deposit accounts

  Producers Bank accepts deposits from retail and corporate customers as part of its core thrift-banking activity. The available reference material confirms deposit-taking but does not specify the individual account types, interest rates, balances, or eligibility requirements.

• Business lending

  Corporate and SME loans

  The bank provides credit to corporate customers and small and medium-sized enterprises. These offerings support the institution's business-banking role, although the available sources do not provide detailed product names, pricing, collateral terms, or sector restrictions.

• Consumer finance

  Consumer loans

  Consumer lending is part of Producers Bank's reported financial-services portfolio. Public reference material identifies the category but does not describe specific personal-loan products, repayment structures, or underwriting criteria.

• Payments

  Electronic fund transfers

  Producers Bank supports bank-to-bank transfers through the Philippine payment systems InstaPay and PESONet. These services complement its branch and account-based banking operations, but the available material does not specify transaction limits or fees.

• Remittances

  Western Union services

  The bank acts as a direct Western Union agent, enabling customers to access remittance-related financial transactions through its network. The reference does not specify the full range of supported corridors or service charges.

• 2024

  Acquisition of Rural Bank of MaasinM&A

  Background

  Producers Bank continued its acquisition-led expansion into additional Philippine local banking markets.

  Action taken

  In April 2024, Producers Bank acquired Rural Bank of Maasin and assumed all of its assets and liabilities.

  Aftermath

  The acquisition expanded Producers Bank's presence in Southern Leyte. The available source does not disclose transaction value or subsequent operating metrics.

  Source

• 2019

  Acquisition of PBCom Rural BankM&A

  Background

  Producers Bank had expanded through combinations with other banking institutions. PBCom Rural Bank, formerly Banco Dipolog, was owned by Philippine Bank of Communications before the transaction.

  Action taken

  In July 2019, Producers Bank acquired a 99.98% stock interest in PBCom Rural Bank.

  Aftermath

  The transaction added PBCom Rural Bank to Producers Bank's expanding Philippine banking network. The available source does not provide a purchase price or detailed integration results.

  Source

1. 1Producers Banken.wikipedia.org