- Name of BusinessPENBANK, INC. (A PRIVATE DEVELOPMENT BANK)
- Head Office Address3rd Floor, Penbank Center I. Santiago Boulevard, General Santos City
- Telefax Number/s(083) 552-8788 (083) 552-8788, 552-8807 & 554-6132
- Contact PersonROBERT C. CANTOY | President
- Date FoundedAugust 08, 1980
- Years in Business30 years
- BRANCH NETWORK32 BRANCHES IN MINDANAO AND VISAYAS
In 1981, a group of enterprising farmer-businessmen and an experienced banker in the person of Mr. Rodrigo E. Rivera, Sr. organized the Rural Bank of Tupi, Inc. in the town of Tupi, South Cotabato.
In 1996, Mr. Rodrigo E. Rivera, Sr. with his family and associates acquired 100% control of the bank paving the way for the implementation of Mr. Rivera’s vision for the institution. Simultaneous with this development, management was reorganized to professionalize every level of the organization, operations were computerized and new products and services were introduced to the market to make the bank well ready for expansion in reach and territory. To support the bank’s objective, institutional changes were made and these are: the change of the bank’s name from Rural Bank of Tupi, Inc. to Peninsula Rural Bank Inc., transfer of Head Office from Tupi, South Cotabato to General Santos City, and increase of the bank’s authorized capital stock. In 2011, in its continuing quest for development and stability, the bank’s category was change from a rural bank to a development bank.
Penbank embarked on an expansionary mood until the BSP halted with the issuance of moratorium on licensing of new branches in 1997. At this period, Penbank had already 32 branches. In late 2001, the Monetary Board approved the acquisition of Penbank of four (4) branch licenses from AMA bank. It also acquired 5 branch licenses from Manila Bank.
Today, the bank has thirty two (32) branches presence in the provinces of South Cotabato, Sultan Kudarat, North Cotabato, Davao del Sur, Davao del Norte, Bukidon (Valencia City), and cities of Talisay, Mandaue, Lapu-Lapu, Cebu,Iloilo, Davao and Cagayan de Oro, Ozamiz, Pagadian and Zamboanga.
Nurtured by prudent and innovative management, the bank has steadily grown through the years, consistently maintaining good track record of financial stability, dependability, integrity and efficiency of operations.