Bangko Kabayan Inc. (BK), a subsidiary of UnionBank recently announced its successful merger with FairBank and Progressive Bank Inc. With BK as the surviving entity, the Visayas region will enjoy an expanded array of banking products and services, backed by an unwavering commitment to exceptional customer service.
Key Highlights of Merger:
- Unified Strength: The combined forces of Bangko Kabayan, Fair Bank, and Progressive Bank create a dynamic financial institution to provide exceptional value to its diverse customer base.
- Enhanced Offerings: Clients can anticipate an expanded array of banking products and services. All are designed to cater to their individual needs, backed by a commitment to exceptional customer service.
- Expanded Reach: With an extended network of branches, Bangko Kabayan will provide accessibility to banking services, fostering convenience and trust.
- Community Focus: Bangko Kabayan's legacy of community engagement remains intact while embracing innovative technologies and strategies.
Beatriz B. Romulo, President and CEO of Bangko Kabayan Inc., expressed, "This merger represents an extraordinary opportunity to combine the strengths of Bangko Kabayan, FairBank, and Progressive Bank to create a financial institution that will drive economic growth, foster innovation, and support the financial well-being of our clients."
Bangko Kabayan was established in 1957 as Ibaan Rural Bank, a Batangas-based development bank with a mission of becoming the major partner in the country’s economic development by providing quality financial products and services to MSMEs and individuals in the communities they serve. The bank focuses on grassroots entrepreneurship to strengthen its presence in the mass market segment.
The merger received regulatory approval by the Securities and Exchange Commission last July 13, 2023 and is currently ongoing transition for a smooth and efficient integration process.
Bangko Kabayan received the official Seal of Transparency as a symbol of its commitment to fair and transparent pricing.
As a consumer of our financial products and services, we aim to provide you with the highest quality of service possible.
