EastWest Rural Bank General Santos City J. Catolico Avenue Branch

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EWRB (formerly FinMan Bank, Inc.) consolidates, through an asset acquisition, effective November 1, 2013 the rural banking business of the two rural banks that EastWest earlier acquired, namely FinMan Bank, Inc. and Green Bank, Inc. FinMan Bank is a 16-year-old rural bank based in Pasig City and engaged in extending credit to farmers, tenants, and rural enterprises. EastWest injected a total of P520 million in fresh capital into EWRB subsequent to the regulatory approval effective May 21, 2013 on the latter’s increase in authorized capital stock from P80 million to P1 billion.


On October 31, 2013, EWRB acquired the good assets of Green Bank, Inc. (also known as the Rural Green Bank of Caraga), the largest rural bank in the Caraga Region in terms of assets. Based in Butuan City, Agusan del Norte, Green Bank has been serving the needs of mostly farmers, government and private employees, barangay officials, pensioners and small-scale businessmen. Through Green Bank’s strong branch network in the Visayas and Mindanao, EastWest is able to gain entry into the microfinance business.


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