7 July 1972
Corporation – Rural Bank of Tanza (Cavite) Inc. was registered with the Securities & Exchange Commission. Initial Authorized Capital – P 1 Million.
14 November 1972
Central Bank of the Philippines granted RB Tanza the Authority to Operate a Rural Bank.
15 November 1972
RB Tanza is inaugurated and opened for business at San Agustin St. Corner Sto. Domingo St., Poblacion, Tanza, Cavite. It first President and General Manager was Mr. Raul J. Fojas.
Mr. Edwin S. Fojas, an MBM graduate of the Asian Institute of Management and a graduate of De La Salle University, took over the reins of management up to the present, due to the untimely demise of Mr. Raul J. Fojas.
To accommodate its increasing clientele with office space, the bank transformed its office into a two-storey building with a total floor area of approximately 400 square meters.
- In the same year, the bank introduced computerization of its savings and loan accounts, backed by services of MB Phils., Inc. as its software provider.
The Bank opened its first extension office along A. Soriano Highway in Tanza, Cavite in anticipation of the relocation of the public market as well as the growing commercial establishments within the vicinity. The said extension office was converted into the bank’s first branch in 1994.
Pursuant to Bangko Sentral ng Pilipinas’(BSP) liberalization program and to open doors to potential markets, the Bank applied with the BSP to establish three (3) branches within Cavite and adopted its business or trade name “BANGKO MABUHAY”.
Molino Branch along Zapote-Paliparan Road, Bgy. Molino III, Bacoor, Cavite was inaugurated.
Indang Branch opened at De Ocampo St., Poblacion, Indang, Cavite.
Naic Branch, a two-storey commercial building was completed and inaugurated at Poblete St., Corner Balong Pari, Poblacion, Naic, Cavite.
Authorized Capital Stock was increased from P 50 Million to P 100 Million.
Opened a satellite office at Camerino Avenue corner San Juan St., Dasmariñas, Cavite to serve as loan collection and disbursement point (LCDP) for microfinance clients. September 2008. Head Office was relocated with construction of three-storey buildling on Hi-way Branch site at the A. Soriano Highway, Bgy. Daang Amaya III, Tanza, Cavite. The former main office in the town proper was leased out as a commercial store.
- Computer system was upgraded via MBv8 with fully integrated core banking platform (CASA, General Ledger, Tellering, Loans)
Mamburao,Branch opened at San Jose St., Bgy.7, Mamburao, Occidental Mindoro.
BSP approved the conversion of Dasmariñas Satellite Office into a Micro Banking Office (MBO).
Celebrated its 40th Anniversary.
Authorized Capital Stock was increased from P 100 Million to P 200 Million.
Bank becomes a proud member of BancNet, Inc., country’s biggest ATM consortium. First Automated Teller Machine (ATM) was installed at Head Office.
BSP approved the establishment of MBO at Rizal Street, corner Alfonso Road, Mendez, Cavite.
Monetary Board of the Bangko Sentral ng Pilipinas approved the consolidation of Rural Bank of Tanza (Cavite) Inc. and Rural Bank of Teresa (Rizal) Inc. to be known as Bangko Mabuhay (A Rural Bank), Inc. under the Strengthening Program for Rural Banks. As of June 30,2014, the consolidation is still pending approval of the Securities and Exchange Commission.
Rural Bank of Tanza opened the 2015 with a proverbial bang in its quest to be a bigger and
stronger bank via the consolidation with another rural bank to form a new corporation.
This quest came true as the Securities and Exchange Commission (SEC) issued on January 21, 2015 the Certificate of Filing Consolidation of Rural Bank of Tanza (Cavite) Inc. and Rural Bank of Teresa (Rizal) Inc. to be known as “Bangko Mabuhay (A Rural Bank), Inc.,” the bank’s new corporate name by virtue of its registration with the SEC. Under the law, the registration of consolidation with SEC makes the consolidation effective. Henceforth, on March 23, 2015, the Bangko Sentral ng Pilipinas granted the Certificate of Authority to Operate the Consolidated Bank which commenced its operation on April 1, 2015.
With the consolidated bank in operation, its network is composed of the Head Office at Tanza, Cavite, six (6) branches and two (2) microbanking offices (MBO) located in three provinces, namely, Cavite, particularly in Bacoor, Indang,Naic, and Dasmariñas City; Occidental Mindoro at Mamburao; and additional branches in Rizal Province at Teresa and Tanay.
What Happened Before
In January, 2012, the bank entered into an agreement with Rural Bank of Teresa (Rizal) Inc. (RB Teresa) to consolidate and organize a new corporation to be known as Bangko Mabuhay (A Rural Bank) Inc. In separate special stockholders’ meetings of said banks, both held on January 28, 2012, stockholders representing at least two thirds (2/3) of outstanding capital stock and at least majority of directors approved the Plan and Articles of Consolidation.
In February, 2012, RB Tanza and RB Teresa had submitted the application to consolidate under the Strengthening Program for Rural Banks (SPRB) jointly launched by Philippine Deposit Insurance Corporation (PDIC) and the Bangko Sentral ng Pilipinas (BSP). Under the SPRB, consolidated bank would avail of financial assistance from the PDIC, and certain regulatory relief and incentives with the BSP.
What does Consolidation mean?
Under the Corporation Law of the Philippines, consolidation is defined as two or more
corporations combine in order to form a new single corporation.