Security Bank Signs Joint-Agreement with City Savings Bank of Cebu

Security Bank Corporation, (PSE:SEBC) signs a joint agreement with City Savings Bank, as its settlement bank when the thrift bank signed on as a member-bank of Bancnet. This alliance is one of the many business partnerships that Security Bank has secured based on its track record of performance, innovative financial services and reputation of stability. City Savings Bank is based in Cebu with 20 branches and satellite offices in Visayas and Mindanao that may now benefit through its relationship with Security Bank Corporation.

Photo shows the three-party signing of the Memorandum of Agreement between Security Bank Corporation (SBC), City Savings Bank (CSB) and Bancnet. From left are: Patricia May T. Siy, EVP-Commercial & Retail Banking Group Head of SBC; Alberto S. Villarosa, President & Chief Executive Officer of SBC; Mikel Aboitiz, President & Chief Executive Officer of CSB; Ricardo Chua, Chairman of the Board of BancNet; Francisco Caparros, President of Bancnet and Agnes A. Lacson, SVP and Chief Operating Officer of City Savings Bank.