Citystate Savings Bank or CSBank is a Filipino publicly listed thrift bank listed on the Philippine Stock Exchange. The bank was a partnership between a group of Filipino businessmen led by Ambassador Antonio Cabangon Chua and a Singaporean investment holding company. It was granted the thrift bank license by the Monetary Board of Bangko Sentral ng Pilipinas in 1997. It is part of the ALC Group of Companies[1] owned by the Cabangon family.
CSBank offers banking services, such as deposit products and services, cash management, onsite/offsite ATM facilities, corporate and retail banking, and treasury services. The bank caters to the needs of corporate, middle market and retail clients.
As of 2009, the bank operated 24 branches nationwide and employed 276 employees. As of December 27, 2010, Citystate has a total market capitalization of ₱2.03 billion and a share price of ₱28.00. (to be updated for 2024).
History
CSBank started its banking operations on August 7, 1997, a day after the Monetary Board of Bangko Sentral ng Pilipinas approved its thrift bank license. On January 2, 2002, the company Went public and was formally listed in the Philippines Stock Exchange under the stock symbol CSB.