Tuesday, October 17, 2006 Land Bank to open Puerto branch By Danilo V. Adorador III
THE Land Bank of the Philippines will open its fifth Cagayan de Oro branch in Puerto this week, bringing its credit delivery system and other services to the city's eastern district and the adjoining towns of Misamis Oriental and Bukidnon.
Josephine Mercadal, manager of the soon-to-be opened branch, said Land Bank Puerto will offer all services currently being offered in all of their branches -- deposits, ATM services, loans, remittances from Overseas Filipino Workers (OFWs), SSS and Pag-ibig contributions.
The new branch will serve highly industrial barangays in the eastern side, covering Tablon and stretching to the Misamis Orietal town of Lagonglong.
With the bank's proximity to Bukidnon, it is also expected to cover the province's agro-industrial municipalities of Manolo Fortich, Libona and Malitbog.
"With the new branch, we can now serve better major industrial establishments not only in Cagayan de Oro but also Misamis Oriental and Bukidnon," Mercadal said.
Land Bank, a government financial institution, would become Puerto's only universal bank, she added.
Prospective clientele and local officials are expected to attend Land Bank Puerto's soft opening on October 20. Banking hours will start at 8:30 a.m. and ends at 3 p.m.
Being the fourth largest bank in the Philippines and the largest formal credit institution in the rural areas, Mercadal said Land Bank Puerto will strive to contribute to the development of the clientele it will serve.
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