CITYSTATE SAVINGS BANK was granted
the license to operate as a thrift bank by the Bangko
Sentral ng Pilipinas on August 7, 1997 and formally
opened its banking doors to the public on August 8,
1997 with its first branch in Chino Roces Avenue, Makati
City forging a solid partnership between a team of Filipino
businessmen and a prominent Singaporean investment holding
company. At present, the Bank's principal and administrative
offices are located at Citystate Centre Building along
Shaw Boulevard in Pasig City, Metro Manila.
Presently, Citystate Savings Bank has 19 branches
in key cities and municipalities strategically located
within Metro Manila and provincial areas; fifteen
(15) in Metro Manila and four (4) provincial branches
in Meycauyan, Baliuag, Plaridel and Cebu. This is
part of the bank’s commitment to pursue an aggressive
branch expansion to open 38 to 50 branches within
the next three (3) years to cater to small and medium
enterprises. To complement this expansion program,
the bank pursued an aggressive ATM rollout program
significantly in places with high pedestrian traffic
inside malls and nearby transport terminals.
In the midst of the growing economy Citystate Savings
Bank was formally listed at the Philippine Stock Exchange
on January 2, 2002. This resulted to even greater
heights as the performance of the bank increased dramatically
with definite plans of expansion in terms of setting
up more branches complemented with the development
of new products and enhanced services. As a result,
in October 2005, Citystate successfully ventured into
a stock rights offer of P22 Million common shares
which increased its capitalization to P670 Million
from P450 Million.
In November 2006, Citystate Bank obtained its Trust
and Foreign Currency Deposit license from the Bangko
Sentral ng Pilipinas to accept dollar and other foreign
currency denominated deposits and manage funds, securities,
and properties for the benefit and advantage of the
clients.
.