Metro Cebu Public Savings Bank - A Thrift Bank since 1980
The Organization and its Expansion
METRO CEBU PUBLIC SAVINGS BANK started from TALISAY PUBLIC SAVINGS AND LOAN ASSOCIATION, INC. which officially operated on February 6, 1980 under a conservative Board of Directors. Having achieved the net earnings of 1.14 million by 1986, the Board considered the expansion of the institution’s reach and operations.
TALISAY PUBLIC SAVINGS AND LOAN ASSOCIATION, INC. initiated negotiations with other lending institution and on April 22, 1986 a certificate of Authority and the Articles of Merger of the TALISAY PUBLIC SAVINGS AND LOAN ASSOCIATION, INC., RURAL BANK OF MACTAN and RURAL BANK OF CORDOVA were issued by the Central Bank of the Philippines. TALISAY PUBLIC SAVINGS AND LOAN ASSOCIATION, INC. was the surviving financial institution, at the same time increasing its authorized capitalization to P25 million.
On March 14, 1987, the bank amended its charter and changed its name to METRO CEBU PUBLIC SAVINGS BANK.
MCPSB maintained its first branch at Tabunok, Talisay City, a branch at Lapu-Lapu City and in 1991, a new branch and Corporate Office at N. Bacalso Avenue, Cebu City – a banking network strategically placed in three (3) cities.
The bank presently has authorized capitalization of 100 million and is working to increase said capitalization to 400 million by November of 2019.