Through the effort of Former Assemblyman Jose “Popit” Puyat and Mrs. Isabel R. Puyat, the Rural Bank of Lanuza (Surigao del Sur), Inc. was founded under the Republic Act No. 720 as amended, otherwise known as the Rural Banking Act of 1952, in the form of a stock corporation. It was registered with the Securities and Exchange Commission on August 12, 1971 with a registration number 44997 and granted the authority to operate by the Central Bank of the Philippines on November 24, 1971. The bank had the initial capital of P500,000 when it was organized and was then augmented to P1,250,000 some time in August 31, 1990, then its authorized capital stock was further increased to P20,000,000 by April 6, 1998 to cope with its envisioned expansion programs.
For 3 decades, the bank maintained its low profile status but with diligent management. However, the compelling desire for excellence moves the management to adopt the vision to lead in banking industry and commit itself to build great places to work while making a profit. This vision is believed to usher the bank for expansion of its branch network, and assures of the realization of its envisioned development and growth.
With professional bankers and well-trained staffs in its management, the bank’s transformed image and goals, which were set to join the league of expanded service banks, will expedite the realization of its dream.
Member: Jose G. Puyat, Jr. Group of Companies
Enduring service oriented banking institution in the midst of Filipino community, creating jobs and nurturing
responsible and well-disciplined entrepreneurs.
Promote a high standard of Discipline & Relationship-based Banking, through Continuous Service Innovation, & Strategic Expansion Program, geared towards the stakeholders’ social, intellectual and economic empowerment, by maintaining a culture of providing diligent banking services to less fortunate.
Develop a self-motivating environment that promotes entrepreneurial interest, enhanced banking access and maintains a stable sense of cooperation;
Develop individuals imbued with entrepreneurial interest and skills, to help them achieve financial freedom and disciplined way of life;
Create a challenging and self-motivating environment that multiples interest on career development within the staffs.