Security Bank, PhilamLife Forge Distribution Partnership

Manila, 19 September 2002 – Security Bank Corporation (PSE:SECB) and The Philippine American Life and General Insurance Company (Philamlife) have signed a Memorandum of Agreement forging a strategic distribution partnership. This will give birth to Security Philam Financial Solutions Inc., a joint venture which shall serve as the marketing arm of the said alliance between the two financial institutions.The synergistic partnership between Security Bank and Philamlife brings to the fore a collective century of experience in developing and selling financial products and services in the Philippines. It capitalizes on Security Bank