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).
At the start of its 40th year, 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.
Under the Corporation Law of the Philippines, consolidation is defined as two or more corporations combine in order to form a new single corporation.
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.
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. The said MBO was named as Galicia MBO.
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 “big 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.
In December, 2015, the Bank opened its third MBO at Bgy. Manggahan, Gen. Trias, City.
With the consolidated bank in operation, its network is composed of the Head Office at Tanza, Cavite, six (6) branches and three (3) 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.
At the special meeting of the stockholders of the Bank held on May 16, 2015, stockholders owning at least two thirds (2/3) of the outstanding capital stock approved the purchase of all assets and assumption of all liabilities (P&A) of Rural Bank of Mendez, Inc. (RB Mendez). This was in line with the Bank’s strategic plan to acquire said rural bank in order to expand its operations in upland part of Cavite Province. On the other hand, at least two thirds (2/3) of the outstanding capital stock of RB Mendez approved the P&A on May 23, 2015 in order to cede the operation and management of the said Bank. The said P&A transaction was approved by the BSP and the Philippine Deposit and Insurance Corp. (PDIC), and it took effect on 1 October 2016.
Effective upon closure of the transaction of the P&A on 1 October 2016, the banking license to operate a rural bank of Rural Bank of Mendez, Inc. was deemed revoked. On 11 October 2016, Rural Bank of Mendez, Inc. surrendered its Certificate of Authority to the BSP. From thereon, RB Mendez commenced the dissolution of the corporation. By virtue of the P&A, RB Mendez’s Main Office and Galicia Branch (site of Galicia MBO) were converted into Bangko Mabuhay branches which started operation on 3 October, 2016.
In November, 2016, the Bank relocated its micro-banking office (MBO) from Galicia, Mendez to Lucsuhin-Ibaba, Alfonso Cavite.
In November, 2017, the Bank relocated its Galicia Branch to the site of Alfonso MBO. This made Alfonso MBO to be converted to a full branch. The said MBO in Alfonso was later transferred to Silang, Cavite.
In December, 2017, the BSP issued Circular No. 987 for the rationalization of prudential requirements on banking offices and guidelines on the establishment of branchlite units (BLUs). A BLU refers to any permanent office or place of business of a bank, other than its head office or a branch, performs limited banking activities and records its transactions in the books of the head office or the branch to which it is annexed. Pursuant to Circular No. 987, the Bank’s existing MBOs were converted to BLUs.
Also in December 2017, Bangko Mabuhay joined the Philippine Payments Management, Inc. (PPMI), the payment system management body of the National Retail Payment Systems (NRPS) Framework, as a member bank. By being a PPMI member, the Bank may participate in InstaPay and/or PESONet Automated Clearing House (ACH) which will enable the Bank to provide electronic financial and payment services (EFPS) that allow financial consumers to carry out or initiate payments electronically.
In August, 2018, the Bank opened its BLU in Josephine Village, Luksuhin, Silang, Cavite. As of December 31, 2018, the Bank has 8 branches and 3 BLUs.
In August, 2019, the Bank installed its 4th onsite automated teller machine (ATM) at its Mendez Branch.
In September, 2019, the Bank had completed the migration of its core banking system from decentralized to centralized system. The said migration from the old core banking system to MB Phil Express-O started at Head Office in 2017.
In December, 2019, the Bank participated in the InstaPay ACH, as a receiver of funds only, where BancNet, Inc. is the presently designated Clearing Switch Operator. Within one year from the launching of InstaPay receive funds only, the Bank will implement InstaPay sending service via electronic channel in compliance with the regulatory expectation that this Bank shall make InstaPay facility available in the Bank’s electronic channel via mobile application, thru an outsource provider, to enable its customers to initiate a fund transfer transaction. In addition of being member of InstaPay, the Bank will also join PESONet for its EPFS in 2020.
A. Soriano Highway, Brgy. Daang Amaya III Tanza, Cavite 4108
Telephone Numbers: (046) 489-2001 to 04; 489-2010 to 13