History
Published by First Country Bank on Wednesday, December 20, 2006 at 6:28 PM.
In September 1995, retired Department of Education Undersecretary Dr. Alejandro Wilfredo Clemente and a group of retired bank executives and government officials who called themselves the Bankers Club, gathered together to discuss what they can do to make a difference in truly helping the marginalized members of society.
The group pooled their financial expertise and resources to form First Country Bank. Dr. Clemente was the first Chairman and Mr. Victorino Faner, a retired director of the Bangko Sentral ng Pilipinas, became the first President of the Bank.
The Bank was registered with the Securities and Exchange Commission on July 2, 1999. Pursuant to Monetary Board Resolution 1593, authority was granted to First Country Bank (or FCB) to operate as a rural bank. FCB's doors were opened to the public at 9 a.m. on September 9, 1999 with its head office located at the Mutya ng Pasig Commercial Complex, San Agustin corner Caruncho Avenue, Pasig City.
Tasked with the duty to provide microfinance livelihood loans to farmers, teachers, OFWs, pensioners, market vendors, professionals, and other entrepreneurs, FCB has grown to become a major player in the microfinance banking industry.
The group pooled their financial expertise and resources to form First Country Bank. Dr. Clemente was the first Chairman and Mr. Victorino Faner, a retired director of the Bangko Sentral ng Pilipinas, became the first President of the Bank.
The Bank was registered with the Securities and Exchange Commission on July 2, 1999. Pursuant to Monetary Board Resolution 1593, authority was granted to First Country Bank (or FCB) to operate as a rural bank. FCB's doors were opened to the public at 9 a.m. on September 9, 1999 with its head office located at the Mutya ng Pasig Commercial Complex, San Agustin corner Caruncho Avenue, Pasig City.
Tasked with the duty to provide microfinance livelihood loans to farmers, teachers, OFWs, pensioners, market vendors, professionals, and other entrepreneurs, FCB has grown to become a major player in the microfinance banking industry.
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