History
LEGAZPI SAVINGS & LOAN ASSOCIATION, INC. opened its door to the public on May 8, 1976 with the following incorporators:
- The Bichara Family of Ligao, Albay
- The Los Baños Family of Legazpi, Albay
- The Sabido Family of Polangui, Albay
- The Giongco Family of Rosario, Cavite
It operated as a Thrift Bank at the Los Baños Building along corner of Rizal & Mabini Streets in Legazpi City with eight officers and staff manning it. Founding Chairman and President was the late Luis S. Los Baños. Deposits and loans were its primary line of service.
In 1993, the family of Don Alfonso Bichara of Ligao, Albay took control of the bank and started its expansion in accordance with the mandate of the Bangko Sentral ng Pilipinas. Authorized capital stock was increased to ₱12 million and again increased to ₱100 million in 1996. In 1997, the Bank had its first branch opened in Daraga. As the Bank started its expansion, more branches were opened in Albay province and eventually throughout the Bicol Region. In 2001, the number of branches increased to eleven namely Legazpi, Daraga, Tabaco, Polangui, Sorsogon, Albay, Guinobatan, Daet, Virac, Masbate and Naga.
December 26, 2012 marked the beginning of a new era when the Monetary Board of the Bangko Sentral ng Pilipinas approved the Sale Purchase Agreement executed between Legazpi Savings Bank and Robinsons Bank. With the acquisition, Legazpi Savings Bank officially became part of the JG Summit Holdings, Inc., one of the largest conglomerates in the Philippines. To date, the Bank's authorized capital stock increased to ₱2,000,000,000.00 while issued and outstanding is ₱1,245,960.00. Similarly, Legazpi Savings Bank's branches and offices increased from 11 to 44 as follows; 14 full branches, 14 branch-lite units and 16 kiosks.
| BRANCHES | BRANCH-LITE UNITS | KIOSKS |
|---|---|---|
| Cainta | Binmaley | Antique |
| Daet | Calapan | Bacolod |
| Daraga | Calauag | Baguio |
| Guinobatan | Dasmariñas | Balayan |
| Legazpi | Goa | Batangas |
| Lucena | Iriga | Butuan |
| Albay | Jaro | Cabanatuan |
| Masbate | Kabankalan | Calamba |
| Naga | Lipa | Davao |
| Pampanga | Malolos | Dumaguete |
| Polangui | Puerto Princesa | General Santos |
| Sorsogon | San Jose NE | Passi |
| Tabaco | Santiago | Tacloban |
| Virac | Sto. Tomas | Tuguegarao |
| Urdaneta | ||
| Vigan |
