Producers Bank ranked third (3rd) out of more than seven hundred (700) rural banks in the Philippines in terms of total resources of PhP______________________ as of December 31, 2009 according to Bangko Sentral ng Pilipinas (BSP) records.
Producers Bank is proud of its numerous accomplishments as a banking institution most especially its continuous climb in the rural bank ranking over the years. The present ranking of Producers Bank did not happen overnight but was a result of the conscious and consistent effort to surpass previous performances and accomplishments by the Bank’s management particularly its Chairman & CEO, Mr. Andres M. Cornejo.
Mr. Cornejo believed that Producers Bank must not rest on its laurels despite the accomplishments and recognitions it has achieved and the curving of its own mark in the banking industry because there will always be room for improvement.
Fourteen (14) years after its establishment on November 27, 1995, Producers Bank proved that it can get better as years go by. For example, Producers Bank recently received a series of heartwarming awards some of which were the: (i) Golden Award, Land Bank of the Philippines’ highest award to an outstanding countryside financial institution (CFI); (ii) Golden Award from the Peoples Credit and Finance Corporation; (iii) Top Taxpayer of the Bureau of Internal Revenue (BIR) for Revenue Region No. 4 and BIR Revenue District 23B and (iv) Best Employer – Large Scale Category in Nueva Ecija by the Social Security System (SSS).
Aside from awards, Producers Bank also underwent major developments in its banking operations namely: (i) conversion/upgrade of its license from a rural bank into a thrift bank; (ii) membership to the influential Money Market Association of the Philippines (MART); (iii) participation in the clearing operations of the Philippine Clearing House Corporation (PCHC) and the Bangko Sentral ng Pilipinas (BSP); (iv) acceptance of Foreign Currency Deposit Unit (FCDU); (v) membership to BancNet and (v) acquisition of a new core banking system – the Integrated Core Banking Application (ICBA) system among others.
Producers Bank has also become the largest rural bank in Luzon and second nationwide with a total of sixty (60) branches, five (5) of which will be opened this 2010 namely: (i) Dagupan City, (ii) Malasiqui, (iii) Manaoag, (iv) San Carlos City (all in Pangasinan province) and (v) Maddela (in Quirino province).
With all these, the management of Producers Bank expresses its gratitude to all those who contributed to making Producers Bank the third (3rd) rural bank in the country such as the stakeholders, the officers and staff and most especially the clients.