Legazpi Savings Bank

LSB (Legazpi Savings Bank) is a thrift bank dedicated to providing accessible and meaningful financial solutions, with a core focus on serving teachers and non-teaching personnel. Through tailored offerings such as the Automatic Payroll Deduction System (APDS), LSB plays a vital role in supporting educators across the country.

Founded in 1976 in Legazpi City as Legazpi Savings and Loan Association, Inc., the bank began with a clear purpose: to offer dependable deposit and loan services to its community. The institution grew steadily, expanding across the Bicol Region and eventually establishing a presence throughout the Philippines.

In 2012, the bank marked a new chapter when it became part of JG Summit Holdings, Inc. through its acquisition by Robinsons Bank. This partnership enabled further growth and operational strengthening, helping the bank extend its reach and impact.

A major milestone occurred on January 1, 2024, when Robinsons Bank merged with the Bank of the Philippine Islands (BPI)—the country's oldest bank and a pillar of financial excellence for over 175 years. With this integration, LSB became a wholly owned subsidiary of BPI, embracing a new identity while building on a strong legacy.

As of 2025, LSB operates 42 branches and branch-lite units (BLUs), 13 of which are located in the Bicol Region. The bank continues to post strong performance, driven by expanded distribution channels, digital enhancements, and simplified onboarding processes for clients. To date, LSB has provided financial assistance to 68,853 teachers nationwide, reflecting its commitment to serving the education sector with accessible and meaningful banking solutions. Now proudly aligned with BPI's values, LSB is better positioned to deliver:

• Enhanced services through improved systems and access to BPI's vast resources
• Greater convenience via a broader nationwide network
• A renewed commitment to personalized and professional banking experiences

LSB honors its deep roots while embracing the future—with unwavering dedication to uplift Filipino educators and communities through responsible, inclusive, and progressive banking.

Board of Directors

Jenelyn Z. Lacerna

Chairman

Jerome B. Minglana

President

Mykel D. Abad

Director

Dennis T. Fronda

Director

Eric Roberto M. Luchangco

Director

Rodolfo K. Mabiasen Jr

Director

Ernesto C. Santiago

Independent Director

Jocelyn C. Sta. Ana

Independent Director

Maria Dolores B. Yuvienco

Independent Director

Corporate Officers

Jenelyn Z. Lacerna

Chairman

Jerome B. Minglana

President

Atty. Aileen Mary C. Ejercito

Corporate Secretary

Atty. Shiena Angela D. Aquino

Assistant Corporate Secretary

Eleanor Leni M. Ante

Treasurer

Kareen R. Villareal

Chief Risk Officer

Cynthia C. Bautista

Chief Audit Officer

Sherre A. Roque

Chief Compliance Officer