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2011, June 18.  Security Bank Corporation, 60th Anniversary

Litho Offset.  Amstar Company, Inc.  Perf. 14.

Se-tenant Pairs, Sheets of 40  (4 x 10)

  Se-tenant Pairs    (66,000)

 

  10p   1951 & 2011 Corporate Headquarters

  10p   Corporate Logos Through the Years

 

 

Designer: Rodolfo V. Asuncion, Jr.

Lay out Artists: Victorino Serevo, J.A. Delos Santos

Design Coordinators:  Elenita D.L. San Diego, Mai Sangalang

 

 

First Day Covers:  Manila

   

 

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SECURITY BANK - 60TH ANNIVERSARY

Security Bank Corporation, as it is known today, has a proud history of financial management expertise, with a proven track record of stability and consistent profitability achieved through an efficient, perceptive and forward-thinking management style.

Established on June 18, 1951, it has established itself as one of the country’s most stable and best managed financial institution, with six decades of corporate success. Security Bank stands firm on a solid reputation as one of the Philippines’ top ten private domestic universal banks in terms of assets, deposits, capital and return on equity. Read more on the history of Security Bank on its official website   (http://www.securitybank.com/corprofile/sbchistory.aspx).

SECURITY BANK CORPORATION

Security Bank was established on 18 June 1951 as Security Bank and Trust Company (SBTC) in Manila. At the time, SBTC was the first privately-owned, Filipino-controlled bank of the post-World War II era. The bank's head office was first located on Plaza Goiti, moving to Escolta in 1954. At the time, Security Bank was so aggressive in opening branches that at one point during the 1950s, it had more branches in Metro Manila than any other local bank.

Beginning in the 1960s, Security Bank also started expanding outside Metro Manila, with the opening of its first provincial branch in Angeles, Pampanga. Within the decade, the bank started a rapid expansion in the provinces. It was also in the 1960s that Security Bank led a consortium of local and foreign companies that lent US$62 million to the Lopez family to fund their acquisition of Meralco, the first of its kind in Philippine banking history.

In the 1970s, Security Bank issued its first credit card, introducing the Philippines to Diners Club. It also marked the start of the bank's trust offerings, many of which were deemed innovative, and still survive today as pre-need and common-trust plans, of which they are descended from Security Bank's offerings at the time. Towards the end of the 1970s, the bank was granted permission to operate a foreign currency division by the Bangko Sentral ng Pilipinas.

The 1990s brought in new owners led by present chairman Frederick Y. Dy. On 26 April 1994, the bank was issued a universal banking license by the BSP. With the issuance of its universal banking license, the legal name of Security Bank changed to the present-day Security Bank Corporation. The bank also moved to its new headquarters along Ayala Avenue in Makati. SBC's stock was also formally listed on the Philippine Stock Exchange on 8 June 1995, with a 1.5 billion-peso initial public offering. 

(http://en.wikipedia.org/wiki/Security_Bank)

 

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Articles by Dr. Ngo Tiong Tak

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Issues of 2011