On March 18, 1994, an application for authority to organize a Savings and Mortgage Bank was filed with the Bangko Sentral ng Pilipinas (BSP). On July 8, 1994, the Monetary Board under its Resolution No. 619 approved the request of Century Savings Bank Corporation to establish a Savings and Mortgage Bank. This was followed by the approval of the Articles of Incorporation and By-Laws on September 7,
1994. On November 16, 1994, a Certificate of Authority to operate was granted to Century Savings Bank Corporation by the Governor of the Bangko Sentral on December 7, 1994. The Bank initially started with an authorized capitalization of Php300 Million. Then on December 7, 1998, the Securities and Exchange Commission approved another increase in capitalization bringing the total up to Php620 Million. On December 3, 1999, the SEC approved the latest increase of its authorized capital from Php620 Million to Php700 Million. Then the latest on December 2008 the authorized capital increased to Php1 Billion. On February 28, 1996, the BSP approved the Bank’s application for FCDU operation. The Bank started its FCDU operation in May 4, 1997. Presently, the Bank’s Head Office is located at 232 Shaw Boulevard corner Oranbo Drive, Pasig City. The Bank has since opened five branches namely. Divisoria Branch (temporary located at Head Office)
Makati Branch located at Legaspi Village, Makati City – March 26, 1996
Las Piñas Branch located at Talon Uno, Las Piñas City – May 17, 1996
Dasmariñas Branch located at Burol Main, Dasmariñas, Cavite – Sept. 27, 1996
Molino Branch located at Salawag, Dasmariñas, Cavite – May 7, 2005
Gen. Mariano Alvarez, Cavite (Soon to open)
PRODUCT AND SERVICES OFFERED:
Time Deposit
Regular Savings Account-Passbook
Regular Checking Account
Automatic Fund Transfer Account
Special Savings Account
SSS Pensioner Account
Kiddie Account
Accepts SSS and Philhealth Payments
LOANS AVAILABLE:
Group Salary Loan (M.O.A.) Real Estate Loan
Business Loan (R.E.M.)
