Cantilan Bank enhances network reach with the opening of its first branch in the Visayas Region

Ceremonial cutting of ribbon during Cantilan Bank’s Sogod branch opening by CBI EVP and acting President Brig. Gen. Charles Hotchkiss assisted by Sogod Municipality Admin. Officer Martin Lagmay, and special guest Mr. Bobby Andrews.

Cantilan, Surigao del Sur (March 21, 2013) — Cantilan Bank, Inc., the leading rural bank in the Caraga region, opened its 18th full-service branch in Sogod, Southern Leyte to cater to its fast-growing business and residential clientele. The new branch located on Osmeña Street was inaugurated on Monday, March 18, 2013.

Cantilan Bank (CBI) is a community bank that offers a wide range of financial products and services through its network of branches that are strategically located across Caraga, Compostela Valley, Davao del Norte, Davao City, and now the Visayas.

“Sogod is the logical first step in the bank’s expansion in the Visayas region considering its dynamic commercial activity and fast-growing economy,” said Raul Urbiztondo, CBI General Manager. “I am extremely positive with this latest development.” Sogod is strategically located at a crossroads between Visayas and Mindanao and CBI views its presence in this municipality a key component in its strategic expansion and entry into a new market place.

At the inaugural ceremony, CBI Executive VP and Acting President, Brig. Gen. Charles Y. Hotchkiss, said, “As a community bank, we endeavor to provide a more inclusive financial system by reaching out to people in remote areas and providing access to financial services including financial education for the under-banked and unbanked segments of society.”

“Our company’s mission,” he further stressed, “which is that of providing banking and countryside development services, will definitely create a positive impact in the economy and the livelihood of the communities where we operate.”

The new Cantilan Bank branch in Sogod, the bank’s first in the Visayas, is managed by Frederick Ong who most recently served Cantilan Bank’s customers out of the Alegria, Surigao del Norte office. This full-service branch will offer a comprehensive selection of financial solutions which have been tailored for both individual and business customers to meet their banking requirements that match their budgets and financial goals. Cantilan Bank’s full range of rural banking services including loans, deposit products, savings and checking accounts, and microfinance will be backed by a team of professionals with excellent customer service.

Customers of Cantilan Bank can visit the new branch from Monday to Friday, 8:00 a.m. to 3:00 p.m.

About Cantilan Bank

Cantilan Bank, Inc. was established in 1980 and is presently considered as one of the top rural banks in the country with total resources of P1.46B. For two years in a row, CBI was a recipient of the Landbank awards for Most Outstanding Rural Bank in Caraga and the country’s Second Most Outstanding Rural Bank. For more information on Cantilan Bank, visit