Insular Savers Bank, Inc. ( A Rural Bank)

Insular Rural Bank, Inc. (Insular Bank) was granted authority to operate by Central Bank of the Philippines (now Bangko Sentral ng Pilipinas) on January 22, 1997 pursuant to Monetary Board (MB) Resolution No. 1039 dated October 2, 1996. It was incorporated on January 20, 1997 and formally started operations on February 14, 1997 with an initial capital of P8.000 million. The Bank was founded by the Majalco Group, through its realty arm MJ Realty Holdings, Inc. It currently services the areas of Bonifacio Global City in Taguig City, Makati City, Quezon City, Navotas, Cainta, Rizal, City of San Fernando, Pampanga, Baliuag, Bulacan, Calamba City, Laguna, Jaro, Iloilo City and Legazpi City, Albay. It plans to put up more branches nationwide. Insular Bank has acquired, by consolidation, the Filipino Savers Bank Inc. on December 2011. The consolidation was approved by the Monetary Board in its Resolution No. 1542 dated 19 September 2013 and It was granted authority by Securities and Exc...