Philtrust Bank, also known as Philippine Trust Company, will celebrate its 93rd Anniversary Wednesday and will inaugurate and bless its Angeles City Branch located at Philtrust Building, McArthur Highway corner B. Aquino Street, Angeles City, Pampanga.

The opening of the Angeles City Branch is one of the features of the celebrations marking the 93rd anniversary of Philtrust Bank. Rev. Fr. Sonny Pahed of the Immaculate Conception Parish, will bless the new branch with Mayor and Mrs. Francis L. Nepomuceno as Guests of Honor and principal sponsors.

Philtrust Bank was established on October 21, 1916, the second oldest private commercial bank in the country. Throughout its 93 years of existence, Philtrust Bank has acquired a reputation for conservatism and reliability and has enjoyed the trust and confidence of the business community and the general public. This policy has been its guiding principle throughout its banking history.

Philtrust Bank has been consistently rated as one of the most outstanding banks in the country, especially for its liquidity position. It is one of the few commercial banks without any local and foreign loan or guarantee obligations.

Philtrust Bank never borrowed or availed of any rediscounting facility from the Bangko Sentral ng Pilipinas or other Banks; instead, it has been a lender to the Bangko Sentral ng Pilipinas and other Banks. In addition to loans extended to business and industry, the Bank invests in dollar and peso bonds/bills issued by the Republic of the Philippines and the Bangko Sentral ng Pilipinas.

Philtrust Bank head office is located at Philtrust Building, United Nations Ave. corner San Marcelino St., Manila and the bank will operate fifty (50) branches in key areas of the country by the end of 2009. The Bank is looking for choice locations for additional branches to be opened in the near future, to make its market presence and service availability felt in the major financial, commercial and population centers of the country.

As of September 30, 2009, the Bank has Total Assets of R80.656 Billion, Total Deposits of R69.153 Billion, Total Net Worth of R11.082 Billion with Authorized Capital Stock of R22 Billion.

Branch officers of the Angeles City operations are Ceferino Z. Diamzon, Jr., Manager and Simonette R. Elechosa, Asst. Cashier, who have 34 and 17 years of banking experience, respectively.

The present Board of Directors and operating Officers are as follows: Dr. Emilio T. Yap, Chairman Emeritus; Former Chairman of the Monetary Board and Governor of the Central Bank of the Philippines, Dr. Jaime C. Laya, Chairman; Former Supreme Court Associate Justice Josue N. Bellosillo, Vice Chairman and Corporate Counsel; Basilio C. Yap, Vice Chairman; Antonio H. Ozaeta, President; Dr. Emilio C. Yap III, Atty. Eusebio S. Go, Ernesto O. Chan, Mariano L. Crisostomo, Jose M. Fernandez, and Miriam C. Cu, Directors; Atty. Martin B. Isidro, Director and Corporate Secretary; Atty. Agnes B. Urbano, Asst. Corporate Secretary and Ret. Maj. Gen. Jose Angel A. Honrado, Senior Vice President.