Republic Act 720 otherwise known as the Rural Bank Act of 1952 was brought about by the need to provide farmers, fisherman and rural folks, who constituted 85% of the population, access to credit. This is to give them opportunity to improve the quality of their lives as they participate in the countryside activities from growth and development. Also, to stimulate private investments in order that this particular sector of our nation may participate in countryside nation building.
Our country then was on its way to full recovery from the destructive effect of the war and was very anxious to attain full progress. This RA 720 became a call for progress. One of the first to answer this call is Mr. Isidro B. Liamzon Sr. of Montalban, Rizal. He established Marikina Valley Rural Bank in 1953, making it the second oldest rural bank in the country.
In Pateros, a group of socially-conscious people led by Anatolio B. Cruz saw the need of putting up a bank to serve the needs of the people including its neighboring towns. Rural Bank of Pateros, Inc. (RBPI) was established and incorporated on August 20, 1960. In the year 1964, Mr. Cruz and his group sold their stockholdings to Mr. Liamzon whose reputation as banker was well respected and recognized in and out of the banking industry. He placed the stocks in the name of his corporation I. B. Liamzon and Sons, Inc. In those days, Mr. Liamzon had already established several rural banks in the province of Rizal.
From then on, RBPI enjoy the trust and confidence of the people. In the same manner that “balut” was closely identified with the town of Pateros, so with RBPI. The people called it their rural bank and indeed it was. For sometime, it had the reputation of the only bank in Pateros and the name carrier of the town. We can rightfully claim that RBPI gave the people of Pateros their first bank exposure.
Sincere to its commitment of providing the countryside with basic banking needs, the bank fulfilled its role of assisting the small and medium enterprises in their initial and additional capital requirements. Going through the loan portfolio of the bank, you will discover its diverse purposes. A proof that the bank is committed to carry it’s’ mission.
With the adoption of a more liberalized banking system by the Central Bank of the Philippines – now Banko Sentral ng Pilipinas, RBPI found itself working side by side with its peers in an atmosphere of healthy competition.
In September 1992, its first branch was established in Angono, Rizal. The following year, another branch was opened in Morong ( April 1993) , also a town of Rizal. The primary reason of RBPI in putting up these two branches was to enhance the bank’s agriculture-related capabilities.
In August 1994, the bank has its third branch opened. This is in Dasmariñas Cavite. Instead of putting it up in the town proper, it was built in the Barrio of Bagumbayan. The purpose is to serve the barrio folks including the students from nearby schools and universities. The commercial developments that took place in Bagumbayan for the last six years were overwhelming. We are proud to say that we are one of the first bank who took the initiative.
Since RBPI is growing, it cannot be helped but changed its business name to a more appropriate one. In 1995, Rural Bank of Pateros, Inc. became….FIRST MACRO BANK. Serious to its role as a partner in countryside development, FMB opened its other branches and Micro Banking Offices (MBO’s) in Alabang (September 1996) , Bicutan (October 1996) , GMA (June 1997), Pasig (December 1997) and Las Piñas (January 1998), MBO’s Biñan Laguna , Antipolo City, Trece Martires Cavite, Silang Cavite and Imus Cavite (July 2012). Putting-up these branches and MBO’s enabled FMB to reach out to a wider customer base.
From a single-storey building when it started, to a 2-storey building six years ago, FMB – Corporate Office now rises to 5-stories. First Macro Bank has grown together with the town. Pateros has increased its standing as a municipality. This could be evidenced by the entry of big fast-food chains such as Jollibee and Mc Donald’s. The building serves as a landmark in Pateros being one of the highest establishments there. It also has a multi-purpose hall to hold different functions.