Planbank Rural Bank of Canlubang Planters Inc. marks its 65th anniversary with a Thanksgiving Mass at the main office on National Highway, Barangay Halang, Calamba City, Laguna.
Incorporated in 1952, Planbank has grown into a network of 15 branches in the provinces of Laguna, Batangas and Bulacan, and continues to expand.
Planbank specializes in serving farmers, small businessmen, market vendors and other community entrepreneurs. Its loan products include real-estate mortgage, back-to-back loan, credit line, Social Security System pension and auto loan. It also offers low-interest jewelry loan where customers get loans in exchange for jewelry pieces as collateral.
Despite challenges in the global markets and the local banking industry, Planbank remains bullish that it will post continued growth, and vows to expand its reach in the market.
In October 2013 the bank was acquired by the ALC Group of Companies, headed by the late Ambassador Antonio L. Cabangon Chua, whose initials gave the group its name. Other member-companies of the conglomerate are the Fortune Life Insurance Co., Fortune General Insurance Corp., Fortune Medicare Inc.; Eternal Gardens, Eternal Plans Inc., publicly listed Citystate Savings Bank Inc. and the Aliw Media Group, which includes the BusinessMirror, Philippines Graphic and Aliw Broadcasting Corp.