Facts and Figures
(As of September 2013)
|A BRIEF HISTORY
Rural Bank of Sto. Tomas (Batangas), Inc. (RBSTI) has become a catalyst for growth and progress in the Municipality of Sto. Tomas, Batangas. Being the pioneer bank to operate in Sto. Tomas, Batangas. RBSTI has provided loan facilities to rural producers for their various productive endeavors.
Due to crisis encountered by the bank starting in 2002, majority of shares of stocks of RBSTI were sold by the incorporators to the CARD MRI group on July 2007. The Rehabilitation Court and the Bangko Sentral ng Pilipinas officially approved the sale/transfer of shares of stock on September 5, 2007 and February 7, 2008, respectively.
CARD MRI assumed the ownership of RBSTI on July 31, 2007. This strategic move will support the graduating microenterprises clients of CARD, Inc. and CARD Bank, Inc., by empowering them through continuous access to financial resources and non-financial services. CARD MRI’s social mission of poverty alleviation has been folded into RBSTI’s operation through it microfinance operation.
On May 20, 2010, the Monetary Board of Bangko Sentral ng Pilipinas has approved the increased in the authorized capital stock of the bank from Php20 Million to Php500 Million and the number of Board of Directors from 5 to 9 members and was registered to Securities and Exchange Commission on October 5, 2010. Subsequently on December 9, 2010, the Monetary Board of BSP thru its Resolution No. 1757 has lifted the Bank from Prompt Corrective Action (PCA) and approving the conversion of the operation of the bank from rural bank category to a thrift bank. The amended Articles of Incorporation and By-Laws as a thrift bank was approved by the BSP on April 8, 2011 and was registered to SEC on May 11, 2011. The Bank’s Certificate of Authority to operate as thrift bank was signed by the Governor of the BSP on June 15, 2011.
On July 25, 2011, the bank has inaugurated the opening of its new Head Office in San Pablo City, Laguna and started operating under its new name “CARD SME BANK, INC., A Thrift Bank”, while retaining Sto. Tomas, Batangas as additional branch. Afterwards, it has open additional branches in Batangas City, Lipa City, Tagaytay City, Sta Rosa City, Cavite City, Calamba City, Balayan and Dasmariñas City in 2013.