In its commitment to support farmers wholistically, family-run holdings company Legacy Construction Corporation recently acquired shares of the Rural Bank of Cadiz in Cadiz City, Negros Occidental.
“Agriculture is one of the most important sectors here in the area, and we think it needs more support so it can further flourish,” Legacy Construction Corporation President Alex Abelido said. “Legacy Construction Corporation’s acquisition of a majority of the Rural Bank of Cadiz shares can help us achieve this.”
The Rural Bank of Cadiz has been operating for over 65 years, providing financial support to farmers in the area. With its other businesses, Legacy Construction Corporation has already started supporting farmers by providing technical assistance. Through the bank, Abelido believes the company can then amp this support through financial means.
To drive innovation and provide better services to its constituents, Abelido eyes the digital transformation of the bank’s operation as its current system is still mostly manual.
Additionally, Legacy Construction Corporation plans to increase the capital requirements of the bank to eventually branch out to more municipalities and cities, thereby supporting more farmers in neighboring areas.
“We at Legacy Construction Corporation see the value in investing in our communities so it can thrive alongside us, and agriculture is one means to achieve this,” Abelido quipped. “We hope that our venture into banking can become part of the country’s plan to recover from the dire effects of the pandemic on our farmers as well as to ensure food security in the country.”*
ABOUT LEGACY CONSTRUCTION CORPORATION
Legacy Construction Corporation commits to a Philippines that grows and thrives together. With over 20 years of industry expertise in construction, the holdings company has expanded its reach to provide communities opportunities of growth in various sectors: agriculture, real estate, and banking.
For more information, visit http://legacyconstructioncorporation.com [SPONSORED CONTENT]