Planters Development Bank, more commonly known as Plantersbank, was a major private development bank in the Philippines which mainly catered to small and medium enterprises (SMEs). At its peak, it was the largest private development bank in the country. It was a China Banking Corporation subsidiary from 2014 until it was merged to its parent company's savings bank in 2016.
History
Businessman Jesus Tambunting is credited to have founded Planters Development Bank.[1][2] The bank traces its roots to two banking institutions in Bulacan; the Bulacan Development Bank (BDB) which was founded in 1961 in San Miguel and the Bulacan Savings and Loan Association (BSLA) of Malolos.[3] At least one these banks in Bulacan catered to entrepreneurs from the countryside who runs small and medium enterprises (SMEs).[4]