First Consolidated Bank

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First Consolidated Bank

Type	Private
Founded	Tagbilaran City, Bohol, Philippines (1982)
Headquarters	CPG North Avenue, Taloto District, Tagbilaran City, Bohol, Philippines
Key people	Argeo J. Melisimo, President
Industry	Finance and Insurance
Products	Financial Services
Net income	unknown
Employees	unknown
Website	www.fcb.com.ph

The First Consolidated Bank, also known by its initials FCB, is a private, independent development savings bank organized in 1982 in the province of Bohol in the Philippines by a group of Filipino businesspeople. It operates out of Tagbilaran City and has 41 branches in different parts of the country.

[edit] History

First Consolidated Bank was established in 1982 as a result of the consolidation of 14 independent rural banks in the province of Bohol. The consolidation of these rural banks, the first in Philippine banking history, resulted in the conversion of these rural banks into branches of First Consolidated. In 1993, FCB started expanding into many parts of the Visayas, Mindanao, and Luzon. The bank has 41 branches as of January 2007.

In December 1996, the Securities and Exchange Commission approved the bank's amendment to operate as a private development bank in accordance with Republic Act No. 7906, otherwise known as the Thrift Bank Act of 1995.