The Bangko Sentral ng Pilipinas’ approval of the merger of Country Builder’s Bank and 1st Macro Bank has created the largest branch network of any standalone thrift or rural bank in Greater Metro Manila.
Prior to the merger, the two were Metro Manila-based rural banks, each with more than 55 years of existence.
Country Builders Bank said with the additional 10 branch merger incentive, it now has 46 branches, of which 13 are restricted Metro Manila branches, 16 are unrestricted Metro Manila branches and 17 are in the immediate peripheral provincial areas.
“CBB is unique in the sense that it offers the advantages of home spun personal service, and the customer attention of a local community bank, but with branches primarily located in Metro Manila, and adjacent provinces.This contributes greatly to the financial inclusion advocacy of the BSP,” it said.
Country Builders Bank is a rural bank covering the Greater Metro Manila and the surrounding peripheral provinces of Cavite, Laguna, Bulacan and Rizal. Branches are in prime locations along streets with heavy commercial activity and foot traffic.