SECURITY Bank Corp. will open five new branches outside Metro Manila during the third quarter as part of its ongoing program to expand its nationwide network.
Its newest branch was opened recently in Tagum City. It now has 125 branches across the country.
“We are seizing opportunities to extend our reach and widen our grasp in the market by making our services accessible to our customers’ growing business and varied banking needs,” said president and chief executive officer Alberto Villarosa.
The bank will open new branches in “prime” provincial areas, he said. Its newest branch in Tagum, a first-class city in the First District of Davao del Norte, complements the four other existing branches in the towns of Magsaysay, Monteverde, Panabo and Rizal.
The bank, in a statement, said the opening of a new branch in the province highlights its optimism about business opportunities in the Northern Mindanao region. This is in line with its goal to extend its presence in prime areas of economic development, it said.
Tagum is considered the fastest-rising urban city in Mindanao and its strategic location makes it a vital economic crossroad for the entire Davao region, linking Davao City to the northern city of Butuan in Agusan del Norte, to Mati in Davao Oriental, and the Surigao province.
“We are committed to be a business partner to support the rapid development of the progressive Tagum City,” Villarosa said.
