What Does Planters Development Bank Do?

Total employees1500
HeadquartersMakati City
Founded1972

Planters Development Bank, commonly known as Plantersbank, was a prominent development bank in the Philippines, primarily focused on supporting Small and Medium Enterprises (SMEs). Established in 1972, it grew to become a significant financial institution for Filipino entrepreneurs, with a nationwide network of 78 branches. In 2014, Planters Development Bank was acquired by China Banking Corporation (Chinabank), and its operations were subsequently integrated, largely into Chinabank Savings, by December 2015. While it no longer operates as an independent entity, its legacy in fostering SME growth in the Philippines remains noteworthy.

Where Is Planters Development Bank's Headquarters?

HQ Function

Served as the central administrative and operational hub, overseeing strategic planning, SME lending programs, branch network management, and core banking functions.

Notable Features:

The Plantersbank Building on Sen. Gil Puyat Avenue (formerly Buendia Avenue) was a recognizable corporate office. Specific architectural details are not widely publicized, but it was a modern office building suited for a financial institution's headquarters.

Work Culture:

Historically, Plantersbank's work culture was characterized by its developmental mission, focusing on empowering Small and Medium Enterprises. It fostered a customer-centric approach, with employees often involved in outreach and support for Filipino entrepreneurs.

HQ Significance:

The headquarters was the nerve center for a bank that played a vital role in Philippine SME financing, contributing significantly to economic development by providing capital and financial services to a traditionally underserved sector.

Values Reflected in HQ: The headquarters aimed to project stability, reliability, and commitment to national development, aligning with its mission to support the growth of Philippine SMEs.

Location:

As a Philippine development bank, Planters Development Bank's operations were exclusively concentrated within the Philippines. It served a national client base with a network of 78 branches across Luzon, Visayas, and Mindanao. Its primary focus was on domestic SME financing and development, and it did not maintain international branches or a global operational presence.

Street Address:

Plantersbank Building, 314 Sen. Gil J. Puyat Avenue

City:

Makati City

State/Province:

Metro Manila

Country:

Philippines

Where Else Does Planters Development Bank Operate Around the World?

Cebu City, Cebu, Philippines

Address: Various historical branch locations throughout Cebu City (e.g., Osmeña Boulevard area). Specific addresses now part of Chinabank's records.

To expand financial inclusion and support SME development in the Visayas, a major economic and commercial region in the Philippines.

Davao City, Davao del Sur, Philippines

Address: Multiple historical branch locations within Davao City (e.g., areas like Monteverde Avenue). Specific addresses now part of Chinabank's records.

To cater to the financial needs of the growing Mindanao market and promote economic activity through accessible SME financing and deposit services.

Quezon City, Metro Manila, Philippines

Address: Numerous historical branch locations across Quezon City. Specific addresses now part of Chinabank's records.

To serve the extensive commercial and residential population of Quezon City, supporting local businesses and contributing to the economic vitality of the area.

Buying Intent Signals for Planters Development Bank

Highperformr Signals uncover buying intent and give you clear insights to target the right accounts at the right time — helping your sales, marketing, and GTM teams close more deals, faster.

Notable news
Hiring actively
Corporate Finance
Corporate Finance
Corporate Finance
Corporate Finance
Corporate Finance
*Example signal, not calculated in real time

Who's Leading Planters Development Bank? Meet the Executive Team

As of April 2025, Planters Development Bank' leadership includes:

Amb. Jesus P. Tambunting - Chairman (Former)
Paul C. Tanchi - President & Chief Executive Officer (Former)
Maria Flordelis F. Aguenza - Executive Vice President & Treasurer (Former)
Rufino M. Asian - Senior Vice President - Head, Branch Banking Group (Former)

Who's Investing in Planters Development Bank?

Planters Development Bank has been backed by several prominent investors over the years, including:

Tambunting Family and related interests (Founding and major shareholders)
Netherlands Development Finance Company (FMO)
Asian Development Bank (ADB)
International Finance Corporation (IFC)
China Banking Corporation (Chinabank) - Acquirer in 2014

What Leadership Changes Has Planters Development Bank Seen Recently?

Hire0
Exits0

No executive new hires or exits for Planters Development Bank as an independent entity in the last 12 months. The bank was acquired by China Banking Corporation (Chinabank) in 2014 and its operations were fully merged by December 2015. Any leadership changes would have occurred during that transition period under Chinabank's oversight.

What Technology (Tech Stack) Is Used byPlanters Development Bank?

Discover the tools Planters Development Bank uses. Highperformr reveals the technologies powering your target accounts — helping your sales, marketing, and GTM teams prioritize smarter and close faster.

Planters Development Bank Email Formats and Examples

Historically, Planters Development Bank likely used standard corporate email formats common in the Philippines, such as combining initials and last names. Following its acquisition and merger with Chinabank, official communications transitioned to Chinabank's email systems. Email addresses using the @plantersbank.com.ph domain are no longer active or in operational use.

Common formats likely included [first_initial][last_name]@plantersbank.com.ph (e.g., jdelacruz@plantersbank.com.ph) or [first_name].[last_name]@plantersbank.com.ph (e.g., juan.delacruz@plantersbank.com.ph).

Format

jdoe@plantersbank.com.ph (historical example)

Example

0%

Success rate

What's the Latest News About Planters Development Bank?

The Philippine StarNovember 25, 2015

China Bank-Plantersbank merger takes effect Dec. 1

The Securities and Exchange Commission (SEC) approved the merger between China Banking Corp. (China Bank) and Planters Development Bank (Plantersbank), with China Bank as the surviving entity. The merger officially took effect on December 1, 2015, completing the integration process following Chinabank's acquisition of Plantersbank in 2014....more

The Philippine StarApril 23, 2014

BSP Oks China Bank takeover of Planters Bank

The Bangko Sentral ng Pilipinas (BSP) gave its approval for China Banking Corp.'s acquisition of Planters Development Bank. This regulatory green light was a crucial step towards Chinabank expanding its SME lending portfolio and nationwide branch network through the integration of Plantersbank....more

RapplerSeptember 9, 2013

China Bank to acquire Plantersbank

China Banking Corp. announced its agreement to acquire a controlling interest in Planters Development Bank. The deal aimed to combine Plantersbank's expertise in SME financing with Chinabank's resources to create a stronger player in the SME market....more

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