Legazpi Savings Bank Incorporated

Banking & Finance in Albay

LEGAZPI SAVINGS operated as a Thrift Bank at the Los Baños building along corner of Rizal & Mabini Streets in Legazpi City. Eight (8) officers and staff then manned it. Deposits and loans to the public was its primary line of service. Management was under Luis S. Los Baños as the founding Chairman and President.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.