Question 1

What is Planbank Rural Bank of Canlubang Planters?

Accepted Answer

Planbank Rural Bank of Canlubang Planters is a rural banking institution headquartered in Calamba City, Laguna, Philippines. As the second oldest rural bank in the Philippines, Planbank serves the rural economy with a focus on providing financial assistance to small and medium enterprises, backyard industries, and agricultural communities. The bank operates 13 branches across the provinces of Laguna, Bulacan, and Batangas, making it one of the largest rural banks in the Laguna region.

In 2024, Planbank was recognized as one of the "Most Durable Rural Banks" in the Philippines by the Rural Bankers Association of the Philippines (RBAP).

Question 2

When was Planbank Rural Bank of Canlubang Planters founded?

Accepted Answer

Planbank was incorporated on November 24, 1952, by sugar planters who were members of the Banco Rural de CA-BA-LAG, a cooperative serving the needs of sugar planters from the provinces of Cavite, Batangas, and Laguna. The bank was granted a license to operate by the Central Bank of the Philippines (now Bangko Sentral ng Pilipinas) on January 25, 1953.

The bank's founding purpose was to provide financial support to the agricultural sector, particularly sugar cane planters in the Southern Tagalog region. In October 2013, the ALC Group of Companies, headed by Ambassador Antonio L. Cabangon Chua, acquired equity ownership of Planbank and took over management of the institution. The ALC Group is currently chaired by D. Edgard A. Cabangon.

Question 3

Where is Planbank Rural Bank of Canlubang Planters headquartered?

Accepted Answer

Planbank is headquartered in Calamba City, Laguna, Philippines, with its main office located at National Highway, Barangay Halang, Calamba City, Laguna. The bank's first office was located in Barrio Canlubang, after which it transferred to the Old Municipal Site of Calamba City.

In July 1998, the bank moved to its own building in Halang, Calamba, Laguna, where it remains today.

Question 4

Where does Planbank Rural Bank of Canlubang Planters operate?

Accepted Answer

Planbank operates primarily in the Southern Luzon region of the Philippines, with 13 branches spread across three provinces: Laguna, Bulacan, and Batangas. When the restriction on bank branching was lifted in 1989, Planbank took advantage of this privilege to expand its branch network to better serve rural communities in these areas.

The bank's geographic footprint allows it to serve agricultural communities, small businesses, and individuals throughout the Southern Tagalog region.

Question 5

What services does Planbank Rural Bank of Canlubang Planters offer?

Accepted Answer

Planbank offers a comprehensive range of rural banking services designed to meet the needs of individuals, farmers, and small to medium enterprises. Deposit products include the Easy Save Deposit account (launched in February 2025), which combines passbook functionality with ATM card convenience, requiring an initial deposit and maintaining balance of PHP 3,000.

Loan products include agricultural loans, business loans, salary loans, and consumer loans tailored to support the financial needs of rural communities. Loans can be disbursed through various channels, and deposits can be used as collateral for loans.

Digital banking services include ATM card access with daily withdrawals up to PHP 20,000 (maximum PHP 10,000 per transaction). The bank maintains traditional passbook services alongside modern digital conveniences, ensuring accessibility for all customer segments.

All deposits are insured by the Philippine Deposit Insurance Corporation (PDIC) up to PHP 500,000 per depositor. The bank operates during standard business hours from Monday to Friday, 8:00 AM to 5:00 PM.

Question 6

What makes Planbank Rural Bank of Canlubang Planters unique?

Accepted Answer

Planbank's distinction lies in its long-standing heritage as the second oldest rural bank in the Philippines, with over 70 years of dedicated service to agricultural communities. The bank has maintained its commitment to its founding mission of supporting sugar planters and rural development while evolving to meet modern banking needs.

The bank's tagline, "Your success is our success," reflects its community-focused approach and dedication to building long-term relationships with clients. This relationship-driven banking model has earned Planbank recognition as one of the "Most Durable Rural Banks" in the country.

Planbank balances traditional banking services (such as passbook transactions) with modern digital conveniences, making banking accessible to both tech-savvy customers and those who prefer traditional methods. The bank's integration into the ALC Group of Companies has strengthened its operational capabilities while maintaining its rural banking identity.

Question 7

What type of financial institution is Planbank Rural Bank of Canlubang Planters?

Accepted Answer

Planbank is a rural bank, a specific type of financial institution in the Philippines designed to promote countryside development and serve the needs of the rural economy. Rural banks in the Philippines are mandated to provide financial services to agricultural communities, small enterprises, and underserved markets in provincial areas.

As a rural bank, Planbank is regulated by the Bangko Sentral ng Pilipinas (BSP) and is a member of the Rural Bankers Association of the Philippines (RBAP). The bank focuses on deposit-taking and lending activities specifically tailored to support farmers, small business owners, and individuals in rural and semi-urban communities across Laguna, Bulacan, and Batangas.

Question 8

Who founded Planbank Rural Bank of Canlubang Planters?

Accepted Answer

Planbank was founded by sugar planters who were members of the Banco Rural de CA-BA-LAG, a cooperative that served sugar planters from Cavite, Batangas, and Laguna (CA-BA-LAG). The cooperative was established to address the specific financial needs of the agricultural sector in the Southern Tagalog region during the post-World War II period.

The founders recognized the need for dedicated rural banking services to support agricultural production and countryside development, leading to the incorporation of Planbank in 1952. Don Filomeno Ocampo Gana, also known as Don Menong, played a significant role in the rural banking movement in the region, having previously operated the Banco Rural de CA-BA-LAG cooperative and later incorporating related rural banking institutions to serve the farming communities of Southern Luzon.

Planbank Rural Bank of Canlubang Planters

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About Planbank Rural Bank of Canlubang Planters in the Philippines