About Us
BPI LSB (formerly 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), BPI 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. Backed by the pioneering efforts of the Bichara, Los Baños, Sabido, and Giongco families, 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 150 years. With this integration, BPI LSB became a wholly owned subsidiary of BPI, embracing a new identity while building on a strong legacy.
As of 2024, BPI LSB operates 27 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, BPI LSB has provided financial assistance to 49,874 teachers nationwide, reflecting its commitment to serving the education sector with accessible and meaningful banking solutions. Now proudly aligned with BPI’s values, BPI 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
BPI LSB honors its deep roots while embracing the future—with unwavering dedication to uplift Filipino educators and communities through responsible, inclusive, and progressive banking.
Vision
"To be a top-of mind Savings Bank in personal loans and deposits that serve that changing needs of the Filipino."
Mission
"To provide the best value and service to our customers by being a cost efficient operator in our chosen market segment."
Philosophy
A friendly financial institution founded on trust and confidenceof the people of the Bicol Region, with a firm belief in Divine Providence and the value of human and material resources, providing competetive products and services, assuring stakeholders with stable and secure growth acting as partner and catalyst of economic and social development, uplifting the region's standard of living and contributing to the economic, political, and social stability and progress of the region and the nation as a whole.
Business Model
"Aided by technology and a tech-driven culture, we aim to consistently give the best value to our customers by being the least cost operator in the teacher's loan market."
Institutional Goals
Delivery of high-value, high competitive yet prudent and friendly banking services to the community not only in the Bicol Region but in other parts of the country as well;
Provide all its stakeholders wih full commitment to its duty of stewardship towards a healthy and compliant financial structure;
Contribute, in clear positive terms, to the economic growth of the province of Albay, the Bicol Region and the country as a whole;
Utilization and training of local competent manpower as means to generate employment and upgrade local professionals to world-class standards.
Board of Directors
Elfren Antonio S. Sarte, Jr.
Chairman
Jerome B. Minglana
Executive Director, President
Mykel D. Abad
Director
Maria Cristina L. Go
Director
Jenelyn Z. Lacerna
Director
Eric Roberto M. Luchangco
Director
Ernesto C. Santiago
Independent Director
Jocelyn C. Sta. Ana
Independent Director
Maria Dolores B. Yuvienco
Independent Director
Corporate Officers
Elfren Antonio S. Sarte, Jr.
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
Elmer D. Borres
Chief Compliance Officer