Producers Bank – Maria Aurora Branch set record in total amount of deposits opened during its Opening Day & Blessing and Inauguration last April 10, 2013.

Producers Bank – Maria Aurora Branch is proud that it reached Two Hundred Fifty (250) opened accounts amounting to Ten Million Pesos (P10,000,000.00) in deposits during its first day of operations – a record high in terms of amount in the history of Producers Bank branch opening.  Mr. Efren Villajuan, Branch Head for Producers Bank – Maria Aurora is overwhelmed with the results. He added that the successful branch opening is a collective effort and hard work of the branch officers and staff as well as the support of the Branch Management Sector and the management prior to the opening day.

The blessing was officiated by Rev. Father Andy Lumasac while the ribbon cutting ceremony was led by Maria Aurora Mayor, Hon. Ariel Bitong and Dr. Roman Balangue.

Hon. Mayor Bitong mentioned in his message that he is happy that Producers Bank opened a branch in Maria Aurora because this is a sign that Maria Aurora’s economy is progressing. On the other hand, Ms. Filipinas M. Fernandez, Executive Vice President (EVP) of Producers Bank, shared to the audience the recent developments and achievements of Producers Bank. She also highlighted that aside from the usual deposit and loan products, Producers Bank – Maria Aurora  Branch will open its ATM service to the people so that they will no longer travel outside of Maria Aurora to withdraw from their ATM cards. She further encouraged everybody to open an ATM account with Producers Bank.

Producers Bank – Maria Aurora Branch is headed by Mr. Rizalino D. Basubas – Area Head together with Mr. Efren Villajuan – Branch Head, Ms. Chriselle Domingo – Cashier, Mr. Patrick James S. Bundoc – Deputy Controller, Mr. Raymond Choy Dizon – Marketing Assistant, Ms. Winnie Joy Sacro and Ms. Sheena Pecasio as Customer Service Associates.

Producers Bank – Maria Aurora Branch is located in front of the municipal public market with address at Manuel L. Quezon St., Barangay 4, Maria Aurora, Aurora and it is open from 9:00AM – 3:00 PM from Monday to Saturday except holidays.

Producers Bank opened its 83^rd branch in Silay, Negros Occidental last March 18, 2013. The branch office is located at Door 2, APSSI Bldg., Rizal St., Brgy. Mambulac, Silay City, Negros Occidental. Producers Bank – Silay Branch is the 8^th (eighth) branch of Producers Bank in Negros Occidental and is open from Mondays to Saturdays except Holidays from 9:00AM to 3:00PM.

Mr. Edmundo C. Medrano, Vice Chairman, President and COO is pleased to announce that Silay Branch is manned by well trained and customer service oriented personnel namely: Ms. Marie Jo Alera – Branch Head, together with Ms. Renalie Iligan – Cashier, Mr. Rafh Canizares – Marketing Asst. and Ms. Fabrienne Elize Muyco – Customer Service Associate.

Hon. Jose Montelibano – Mayor of Silay City headed the ribbon cutting ceremony during the Blessing and Inauguration of Producers Bank – Silay Branch.

Silay Silay City is a third (3^rd) class city in the province of Negros Occidental with sixteen (16) barangays. It is a part of a metropolitan area called Metro Bacolod which includes the cities of Bacolod and Talisay. It has a sizable commercial and fishing port and is the site of the new Bacolod-Silay International Airport, which replaced the Bacolod City Domestic Airport.

Silay is often referred to as the “Paris” of Negros due to its artists, cultural shows and large collection of perfectly preserved heritage houses. Silay is the second (2^nd) Philippine city to have been declared as a museum city, next to Vigan in Ilocos Sur.

The City of Silay is “the Seat of Arts, Culture and Eco-tourism in Western Visayas” with its rich history and heritage, flourishing arts and culture reflected from its ancestral mansions on its music and dances, breath-taking natural wonders, timeless delicacies, the endless opportunities for development and of course, the naturally friendly citizenry. Indeed one of the most unique destinations in the region, Silay welcomes everyone seeking either the pleasures of adventure or the mysteries of the past about to unfold.

Mr. Andres M. Cornejo, Chairman and CEO of Producers Bank said that he has high hopes in opening a branch in Silay because of its budding local economy and strong potential for tourism. He further added that just like in the other branches of Producers Bank in Negros Occidental namely: Bago, Bacolod, Kabankalan, Escalante, San Carlos, Victorias and Cadiz, Producers Bank – Silay Branch will remain committed in helping the locals of Silay create more wealth through its wide array of bank products and services that will cater their financial needs.

Producers Bank opens Jaen Branch in Nueva Ecija last March 12, 2013. The branch office is located at Parumog Bldg., Brgy. GE San Antonio, Poblacion, Jaen, Nueva Ecija. Producers Bank – Jaen Branch is open for business from 9:00 AM to 3:00 PM from Mondays to Saturdays except on holidays.

Mr. Edmundo C. Medrano, Producers Bank Vice Chairman, Pres. & COO, is pleased to announce that Producers Bank – Jaen Branch will be manned by competent officers and staff, headed by an experienced banker, Mr. Fidel M. Reyes as its Area Head together with Ms. Josefina M. Nieves as the Manager, Ms. Liza P. Paguibitan as the Deputy Controller, Ms. Evangeline S. Cruz as the Cashier, Ms. Aiko F. Reyes as the Marketing Asst. and Ms. Sheila Marie C. Jacinto as the Customer Service Associate.

Jaen is a first class municipality in the province of Nueva Ecija with twenty seven (27) barangays. The municipality is situated in the in the southern part of Nueva Ecija. It is about 100 kilometers north of Manila. The municipality of Sta. Rosa bounds Jaen on the northeast, Zaragoza on the northwest, by San Isidro on the south, by San Leonardo on the east and by San Antonio on the west.

Rice production is the major source of living of the populace. Twenty (20) barangays of Jaen are wholly irrigated. Majority of the land is apt for rice production; this covers an area of a little less than 9,500 hectares.  Mango plantations are also found in some parts of the municipality covering around 584 hectares including backyard mango farms. Meanwhile, about ten percent (10%) of the total agricultural area is devoted for vegetable planting.

Jaen has a boosting local economy with business establishments mostly found in the Poblacion and nearby barangays. Businesses in the locality include agricultural supply traders, dry goods stores, hard wares, groceries and eateries. There are also service related businesses such as  pawnshops, auto and motorcycle supplies, parts and services, computer repairs shop, internet café, some tailoring and dress shops, distilled and purified water processors, mobile phone card dealers, cable and landline telephone businesses and rural banks.

Jaen also boasts of its professional services of doctors, accountants, dentists, lawyers and engineers who are prevalent in the town. Private contractors and the local government unit (LGU) provide employment such as doing manual jobs like construction workers, among others.

The opening of  Producers Bank – Jaen Branch makes the total number of Producers Bank branches to sixteen (16) in Nueva Ecija. The other branches are in Bongabon, Cabanatuan (with two branches: North and South), Cabiao, Carranglan, Gapan, Guimba, Llanera, Lupao, Munoz, Rizal, San Jose, Sta. Rosa, Talavera and Zaragoza.

Mr. Andres M. Cornejo, Producers Bank Chairman and CEO is happy to open another branch in Nueva Ecija, which is his home province. He further added that Producers Bank assures the people of Jaen to help them in creating more wealth thru is wide array of financial products and services.

Producers Bank employees at the finish line after completing the 5K run.

Producers Bank joined the Red Cross Million Volunteer Run 2 held last February 10, 2013 at NFA Compound, Maharlika Hi-way, Cabanatuan City, Nueva Ecija.

Producers Bank sent five (5) employees to join in the said run namely: Ms. Marigold Rivera – Corporate Communications Officer, Ms. Ma. Czarina  Ocampo – Branch Administration Support Officer, Ms. Analyn De Guzman  and Ms. Billeynie Anne Roque – Branch Marketing Support Officers and Ma. Lourdes Castro – Loan Officer. 

The participation of Producers Bank in the said run was not the first partnership of Producers Bank with Red Cross. Every year Producers Bank  has been working hand in hand with Red Cross – Nueva Ecija Chapter for the Bank’s annual blood letting activity.

With the branch opening in Escalante City, Producers Bank will have a total of seven (7) branches in the Negros Occidental. Escalante Branch is open from Mondays to Saturdays except holidays from 9:00AM to 3:00PM.

Mr. Edmundo C. Medrano, Vice Chairman, President and COO of Producers Bank, is very pleased to announce the opening of Escalante Branch. He believes that the opening of Producers Bank will help further steer the local economy of Escalante. Producers Bank – Escalante Branch will be manned by competent and service oriented personnel namely, Arlene T. Villador as the Branch Head, Mary Grace B. Gantalao as Cashier, Santiago B. Nicor as Marketing Assistant and Jennifer E. Ricare as the Customer Service Associate.

Escalante City is a fourth (4th) class city in the province of Negros Occidental, Philippines with twenty one (21) barangays, six (6) of which are urban and the rest are rural barangays. Its economy is primarily dependent to large scale sugar production. In addition, its people is also engaged in home-based handicraft making which includes making (i) personal accessories such as cloth bags, assorted bags, native jewelry boxes, fashion accessories and beaded slippers, and (ii) home accessories such as mats (local banig), decorative coconut products, pottery, win-wing pan, coco mindribs, abaca products and decorative paper boxes. Another major industry in Escalante is food processing. The city boasts of its local products and delicacies like peanut brittle, peanut butter, chicharon, dried mango, cheese sticks, special polvoron, butter scotch, camote chips, barquillos, coconut candy “BUCAYO”, sweet atsara and unsalted boneless dried bangus. In addition, the city is also proud of its local beaches and resorts.

Mr. Andres M. Cornejo – Chairman and CEO of Producers Bank is optimistic that the opening in Escalante City will further strengthen the bank’s presence in the Negros Occidental. He further added that the Bank’s wide array of financial products and services can cater the financial needs of the people of Escalante City. Producers Bank also plans to open additional four (4) branches in the Negros Island, two (2) in Negros Occidental namely in Silay City and Hinigaran and two (2) in Negros Oriental namely Bais City and Dumaguete City making its total number of branches in Negros Island to eleven (11) within the year. Producers Bank’s other branches in Negros Occidental are in Bacolod City , Bago City , Cadiz City , Kabankalan City , San Carlos City and Victorias City .

Iriga City Branch. The branch office is located at Lemar’s Hotel Inc., San Roque, Iriga City, Camarines Sur. Producers Bank – Iriga City Branch is manned by competent and hardworking personnel namely: Mr. Elmer G. Cayog – Area Head, Mr. Revier R. Avestruz – Branch Head, Ms. Joanne M. Ibias – Asst. Branch Head, Ms. Lenny T. Aggravante – Cashier, Ms. Maria Milagros – Deputy Controller, Mr. Joel O. Ronquillo – Accounting Asst., Ms. Magdalena A. Tabugan – Marketing Officer, Ms. Donnalyn Salve E. Andalis – Loan Officer, Mr. John Eric B. Candido – Loan Assistant and Mr. Aaron Jamil P. Ondevilla – Customer Service Associate.

Producers Bank – Iriga City Branch is the 10th branch in Region 5, the other branches in Bicol are in Baao, Calabanga, Goa, Nabua, Naga, Legazpi, Polangui, Tabaco and Sorsogon.

Cadiz City Branch.  The branch office is located at Cabahug St., Cadiz City, Negros Occidental. Mr. Edmundo C. Medrano, Vice Chairman, President and COO is pleased to announce that Cadiz City Branch is manned by experienced personnel namely:  Ms. Maria Quennie F. Sioquim – Branch Head, Ms. Eren G. Baynosa – Acting Cashier, Ms. Jazy J. Dioneza – Deputy Controller, Ms. Kristine B. Arceo – Loan Officer and Ms. Janice Faith B. Babata – Customer Service Associate.

Producers Bank – Cadiz City Branch is the seventh (7th) branch in Negros Occidental.

Just like all other Producers Bank branches, Iriga City and Cadiz City branches are open from Monday to Saturday, from 9:00 AM to 3:00 PM.

]]> http://www.producersbank.com.ph/?feed=rss2&p=984 0 http://www.producersbank.com.ph/?p=981 http://www.producersbank.com.ph/?p=981#comments Mon, 21 Jan 2013 05:10:28 +0000 Web Admin http://www.producersbank.com.ph/?p=981 The Bangko Sentral ng Pilipinas (BSP) Monetary Board approved the consolidation of Producers Savings Bank Corporation (Producers Bank) and the New Rural Bank of Victorias, Inc. (NRBVI) into a new thrift banking entity to be known as “Producers Savings Bank Corporation” last June 15, 2012.

It was in 2010 when Producers Bank acquired 100% of the issued and outstanding common shares of NRBVI to lay down the framework for the consolidation of the said Banks into a new but larger, banking entity with significant presence in Luzon and in Western Visayas.

With the approval of the consolidation, Producers Bank will have a total of 81 branches in Luzon and Visayas. Mr. Edmundo C. Medrano, Vice Chairman, President & COO said that the consolidation into a single bank should result in greater efficiency, market reach and a formidable and a more competitive financial institution.

Meanwhile, the Philippine Deposit Insurance Corporation (PDIC) granted its consent to the consolidation of Producers Bank and NRBVI last April 30, 2012.

A bank must pass the qualification criteria under Subsection X341.8 (B) of Circular No. 736 to be an accredited RFI. These qualifications are as follows: (i) total loan portfolio is greater that its total investments and (ii) average credit exposure to agri-agra must be greater than its exposure to other economic sectors. These shall be computed based on average of the last four quarters preceding the Bank’s application for accreditation.

In a media release, BSP stated that RFIs act as direct conduits to the agriculture sector and agrarian reform beneficiaries by channeling the funds specifically allotted by other banks for the program. This gives RFIs a critical role in the funding chain.

Under the Mandatory Agri-Agra Credit under RA no. 10000, a commercial bank must set aside at least 25% of their total loanable funds for agri-agra credit in general, of which at least 10% of the loanable funds must be made available for agrarian reform beneficiaries.

Unlike before, loans of banks to housing and education sectors were no longer considered alternative forms of compliance. The revised law specifically states that compliance means extending loans to borrowers who will use the money for initiatives that will also benefit the agriculture sector.

Investing in special deposit accounts of BSP-accredited RFIs or wholesale lending granted to BSP-accredited RFIs are ways for commercial bank to comply in the new Agri-Agra law.

In connection to the above, Producers bank is offering a special deposit product tagged as “Select Deposit Account (SDA)”. The objective of launching SDA is to penetrate and grab a bigger share of the deposit market where Producers Bank operates, thereby generating funds for relending to the agricultural sector of the community. The target market of the SDA are High Networth Individuals (HNIs), selected rural banks, cooperatives, non-government organizations (NGOs), foundations & lending investors who are interested to earn higher interest for their investable funds.

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