Lipa Bank, Inc.

For fifty years, Lipa Bank Inc. a Rural Bank has been putting into practice its tradition of developing the community and helping small and medium entrepreneurs that boost up their business. Lipa Bank has become one of the strongest institutions in the Rural Banking industry. “We’re banking on the tradition of community service, a thrust that we have for fifty years. While many banks closed in the face of the economic crisis, we’re not even tickled by it. That’s because where our client’s funds are concerned, we are more conservative and do not compromise their security on high risk investments,” Mr. Virgilio Morada, president of Lipa Bank said. Facing the rising sun at No. 65 T.M. Kalaw St. in Lipa City is the two- storey building of the bank, which is formerly the Lipa City Development Bank and historically the country’s first private development bank and historically the country’s first private bank. Mr. Morada’s belief in the small and medium enterprise’s capacity for growth has been seen in Lipa Bank’s loans that we’re used to boost the entrepreneurial spirit of local businessmen whose business ventures not only grew and expanded, but also created jobs.