The First Consolidated Bank, also known by its initials FCB, is a private, independent development savings bank organized in 1982 in the province of Bohol in the Philippines by a group of Filipino business people. It operates out of Tagbilaran City, and has 79 branches in different parts of the country.[1]
First Consolidated Bank was established in 1982 as a result of the consolidation of 14 independent rural banks in the province of Bohol. The consolidation of these rural banks, the first in Philippine banking history, resulted in the conversion of these rural banks into branches of First Consolidated. In 1993, FCB started expanding into many parts of the Visayas, Mindanao, and Luzon. The bank has 130 banking offices & and promotional centers nationwide (as of January 2019).
In 2003, the bank was awarded "the most outstanding countryside financial institution (CFI)" by the Land Bank of the Philippines.[2]
FCB was involved as an appellee in an appeal before the Third Division of the Supreme Court of the Philippines. In LPBS Commercial, Inc., v. Amila and the First Consolidated Bank (FCB) of Bohol, Inc., the petitioner sought to fight a foreclosure by making an interlocutory appeal, but the case was dismissed in favor of FCB, with an admonition to the petitioner and its lawyers:[3]
The propensity of litigants and lawyers to disregard the hierarchy of courts in our judicial system by seeking relief directly from this Court must be put to a halt for two reasons: (1) it would be an imposition upon the precious time of this Court; and (2) it would cause an inevitable and resultant delay, intended or otherwise, in the adjudication of cases, which in some instances had to be remanded or referred to the lower court as the proper forum under the rules of procedure, or as better equipped to resolve the issues because this Court is not a trier of facts.
— LPBS Commercial, Inc., v. Amila and the First Consolidated Bank (FCB) of Bohol, Inc.
In 2012, FCB opened five new branches, bringing their total number of branches to 58.[4] In 2013, they opened an additional branch in Tigbauan.[5]
The treasury of Bohol Province has deposited some tax revenues in FCB as of March 2013, in their effort to collect more taxes owed.[6] The Social Security System cited FCB in their 2013 awards.[7]
^. First Consolidated Bank. sec. FCB has now 66 branches!. Archived from the original on 14 April 2014. Retrieved 14 April 2014.
^. Land Bank of the Philippines official website. 2005. Archived from the original on February 13, 2012. Retrieved January 14, 2014.
^LPBS Commercial, Inc., v. Amila and the First Consolidated Bank (FCB) of Bohol, Inc., G.R. No. 147443, Found at Supreme Court of the Philippines official website, accessed January 14, 2014
^. Bohol Times. January 29, 2012. Archived from the original on January 15, 2014. Retrieved January 14, 2014.
^Sia, Ermin (October 11, 2013). . City of Tigbauan official website. Archived from the original on January 16, 2014. Retrieved January 14, 2014.
^Obedencio, Ric V. (March 8, 2013). "Bohol scores high tax collection percentage". The Philippine Star. Retrieved January 14, 2014.
^"RBAP HAILS ONB, RB OF SAGAY FOR 2013 SSS BALIKAT NG BAYAN AWARD". The Rural Bankers Association of the Philippines. September 27, 2013. Retrieved January 14, 2014.
^. Tacloban City Tourism official website. 2014. Archived from the original on January 16, 2014. Retrieved January 14, 2014.
External linksedit
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first, consolidated, bank, also, known, initials, private, independent, development, savings, bank, organized, 1982, province, bohol, philippines, group, filipino, business, people, operates, tagbilaran, city, branches, different, parts, country, company, type. The First Consolidated Bank also known by its initials FCB is a private independent development savings bank organized in 1982 in the province of Bohol in the Philippines by a group of Filipino business people It operates out of Tagbilaran City and has 79 branches in different parts of the country 1 First Consolidated BankCompany typePrivateIndustryFinance and InsuranceFoundedTagbilaran City Bohol Philippines 1982 HeadquartersCPG North Avenue Taloto District Tagbilaran City BoholKey peopleClariville Paz Uy Evardone Chairman Argeo J Melisimo Vice Chairman Joseph M Lacea President amp Director ProductsFinancial servicesNet incomeP520 8 million PHP 85 2014 Number of employees1 556Websitewww wbr fcb wbr com wbr ph Contents 1 History 2 See also 3 References 4 External linksHistory editFirst Consolidated Bank was established in 1982 as a result of the consolidation of 14 independent rural banks in the province of Bohol The consolidation of these rural banks the first in Philippine banking history resulted in the conversion of these rural banks into branches of First Consolidated In 1993 FCB started expanding into many parts of the Visayas Mindanao and Luzon The bank has 130 banking offices amp and promotional centers nationwide as of January 2019 In December 1996 the Securities and Exchange Commission approved the bank s amendment to operate as a private development bank in accordance with Republic Act No 7906 otherwise known as the Thrift Bank Act of 1995 Lyssa In 2003 the bank was awarded the most outstanding countryside financial institution CFI by the Land Bank of the Philippines 2 FCB was involved as an appellee in an appeal before the Third Division of the Supreme Court of the Philippines In LPBS Commercial Inc v Amila and the First Consolidated Bank FCB of Bohol Inc the petitioner sought to fight a foreclosure by making an interlocutory appeal but the case was dismissed in favor of FCB with an admonition to the petitioner and its lawyers 3 The propensity of litigants and lawyers to disregard the hierarchy of courts in our judicial system by seeking relief directly from this Court must be put to a halt for two reasons 1 it would be an imposition upon the precious time of this Court and 2 it would cause an inevitable and resultant delay intended or otherwise in the adjudication of cases which in some instances had to be remanded or referred to the lower court as the proper forum under the rules of procedure or as better equipped to resolve the issues because this Court is not a trier of facts LPBS Commercial Inc v Amila and the First Consolidated Bank FCB of Bohol Inc In 2012 FCB opened five new branches bringing their total number of branches to 58 4 In 2013 they opened an additional branch in Tigbauan 5 The treasury of Bohol Province has deposited some tax revenues in FCB as of March 2013 in their effort to collect more taxes owed 6 The Social Security System cited FCB in their 2013 awards 7 As of 2014 FBC had at least one branch still operational in Tacloban after Typhoon Haiyan 8 See also editList of banks in the PhilippinesReferences edit First Consolidated Bank First Consolidated Bank sec FCB has now 66 branches Archived from the original on 14 April 2014 Retrieved 14 April 2014 LANDBANK FETES 18 RURAL THRIFT BANKS Land Bank of the Philippines official website 2005 Archived from the original on February 13 2012 Retrieved January 14 2014 LPBS Commercial Inc v Amila and the First Consolidated Bank FCB of Bohol Inc G R No 147443 Found at Supreme Court of the Philippines official website accessed January 14 2014 First Consolidated Bank Bohol Times January 29 2012 Archived from the original on January 15 2014 Retrieved January 14 2014 Sia Ermin October 11 2013 Notice of Hiring City of Tigbauan official website Archived from the original on January 16 2014 Retrieved January 14 2014 Obedencio Ric V March 8 2013 Bohol scores high tax collection percentage The Philippine Star Retrieved January 14 2014 RBAP HAILS ONB RB OF SAGAY FOR 2013 SSS BALIKAT NG BAYAN AWARD The Rural Bankers Association of the Philippines September 27 2013 Retrieved January 14 2014 Banks tacloban Tacloban City Tourism official website 2014 Archived from the original on January 16 2014 Retrieved January 14 2014 External links editOfficial website nbsp This Philippines related article is a stub You can help Wikipedia by expanding it vte nbsp This Asian bank related article is a stub You can help Wikipedia by expanding it vte Retrieved from https en wikipedia org w index php title First Consolidated Bank amp oldid 1213590963, wikipedia, wiki, book, books, library,
