Question 1

What is Rural Bank of Lanuza (Surigao del Sur), Inc.?

Accepted Answer

Rural Bank of Lanuza (Surigao del Sur), Inc. is a community-based rural bank serving the municipality of Lanuza and surrounding areas in Surigao del Sur province, Mindanao, Philippines. Established as a stock corporation under Philippine banking regulations, the bank operates to provide accessible financial services to rural communities in the Caraga region. It focuses on meeting the banking and credit needs of local farmers, merchants, and residents in this coastal municipality.

Question 2

When was Rural Bank of Lanuza (Surigao del Sur), Inc. founded?

Accepted Answer

The bank was incorporated on August 12, 1971. It has served the Lanuza community for over five decades, making it one of the established rural banks in Surigao del Sur province.

Question 3

Where is Rural Bank of Lanuza (Surigao del Sur), Inc. headquartered?

Accepted Answer

The bank is headquartered at Urbiztondo corner Arreza Street, Magosilom, Cantilan, Surigao del Sur 8317. While based in Cantilan municipality, the bank serves the Lanuza area within Surigao del Sur province.

Question 4

Where does Rural Bank of Lanuza (Surigao del Sur), Inc. operate?

Accepted Answer

The bank operates in Lanuza and surrounding municipalities within Surigao del Sur province in the Caraga region. According to available information, the institution maintains at least two banking offices to serve its customer base. Its operations are concentrated in the eastern coastal areas of Mindanao, serving communities in Surigao del Sur.

Question 5

What services does Rural Bank of Lanuza (Surigao del Sur), Inc. offer?

Accepted Answer

As a BSP-regulated rural bank, the institution offers core banking services including savings and time deposits, checking accounts (subject to minimum net asset requirements), and various loan products. The bank provides agricultural credit to farmers and fishermen, business loans to local merchants and entrepreneurs, and consumer loans to households. Services are designed to meet the specific financial needs of rural communities, with a focus on agricultural and small business financing.

Question 6

What makes Rural Bank of Lanuza (Surigao del Sur), Inc. unique?

Accepted Answer

With over 50 years of operation in Surigao del Sur, the bank has developed deep roots and extensive knowledge of the local economy and community needs. Its location in the Caraga region, known for fishing, agriculture, and natural resources, allows it to specialize in serving these key economic sectors. The bank's longevity demonstrates its resilience and commitment to serving rural communities through multiple economic cycles.

Question 7

What type of financial institution is Rural Bank of Lanuza (Surigao del Sur), Inc.?

Accepted Answer

Rural Bank of Lanuza (Surigao del Sur), Inc. is classified as a Rural Bank under Philippine banking regulations. These specialized institutions are governed by Republic Act No. 7353 (The Rural Bank Act of 1992) and are supervised by the Bangko Sentral ng Pilipinas. The bank is registered with the Philippine Securities and Exchange Commission and maintains deposit insurance through the Philippine Deposit Insurance Corporation (PDIC), which covers deposits up to PHP 500,000 per depositor.

Rural Bank of Lanuza (Surigao del Sur), Inc.

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About Rural Bank of Lanuza (Surigao del Sur), Inc. in the Philippines