On September 15, 2011 Producers Bank opens its sixty-fifth (65th) branch in the City of Lipa in Batangas. The branch office is located at Gen. Luna St., Sabang, Lipa City, Batangas. This is the third (3rd) branch of Producers Bank in CALABARZON alongside Calamba and Lucena branches which were opened very recently on May 23, 2011 and July 29, 2011, respectively.
Lipa City branch is headed by its Branch Marketing Head, Mr. Enrico M. Arcillas, who will be assisted by experienced and customer oriented officers and staff, namely, Mr. Mike C. Ordoñez as Branch Operations Officer, Mr. Jay R. Cortez as Cashier, Mr. John Irvin T. Guerra as Loan Officer, Ms. Angela Maita A. Ramos as Teller/Marketing Assistant and Ms. Krystel Saphire O. Torres as New Accounts Clerk/Marketing Assistant.
Mr. Edmundo C. Medrano, Vice Chairman, President and Chief Operating Officer, said that Producers Bank’s opening of Lipa City Branch is geared towards the widening of Producers Bank’s branch network in Region IV to reach to its target borrowers such as the progressive farmers, SME and other drivers of economy in the countryside. Lipa City is a first class city in the province of Batangas. It is the center of Region IV and the heart of Batangas province.
The total land area of the city is 20,940 hectares. It is subdivided into seventy-two (72) barangays. Twelve (12) of these barangays are situated within the city proper and are considered urban barangays.
The City has a total population of 260,568 based on the 2007 Census. Its literacy rate is 98.27%. And the city’s labor force rate is at 89.2%.
The proximity of Lipa City to Metro Manila provides ease in trade and enhances its access to developments found in the country’s capital. The City is fast becoming a key city in the province with the presence of medical centers, academic institutions, commercial centers, financial institutions and recreational spots among others.
Major establishments found in the city are a mixture of businesses engaged in housing, food and drugs, services, apparel and electronic industries. While its major crops are coffee, coconut, corn, black pepper and lanzones.
Mr. Andres M. Cornejo, Chairman and CEO, added that its on-going branch expansion in CALABARZON is indeed an affirmation of its commitments to provide financial assistance to SMEs and progressive farmers in the countryside. The Bank will work hand in hand with the city government in its quest to uplift the quality of life for Lipeños.
The opening of Producers Bank – Lipa City Branch marks the fifth branch opening of the Bank for the year 2011. Earlier opened were Marilao and Hagonoy branches in the province of Bulacan, Calamba in Laguna and Lucena in Quezon.