Psychology textbook Essay Example for Free

Psychology textbook Essay I didn’t know that psychology actually had a goal until I read the introduction to Psychology textbook. I am learning a lot of new things on this subject. For instance science of psychology has four main goals and they are as listed, described, predict, understand, and mental process and influence behavior. In my own words here they are. Describing: collecting information from the population by certain targeted people. The prediction goal is self explanatory it’s mostly meant for making assumption or predictions of what will become of your study before you actually know what will happen. The third goal of psychology is Understand, in this area you never really know when the information that you learn will change the next day or even within the next year. Psychology is a continuously growing field and the information that is gathered is only considered as theories and always changes, sometimes without knowledge or notice. Lets move on to influences which in my opinion one of the most used in everyday life . for instance a toddler is encourage to learn how to walk and talk. And a teenager can be pressured into doing things and making choices that they wouldn’t originally have made without the influence from their peers. Influencing people can be good too. For instance you can be influenced by coworkers and supervisors to take an open position that they feel you would get with no problem. Another example is to get the influence to do better than you are currently doing whether it be work, school, or making a better relationship with you family. The Biology and behavior was hard for me to decide what section to write about because there were so many to choose from. I didn’t want to be wrong about this section so I decided to pick the part that stood out the most to me. I am going talk about the Nervous System. It’s a really important part of the body because it helps you maintain consciousness and your behavior. The nervous system has billions of neurons. They are too, a very important part in the body because they do things such as sending messages from one end to the other end of the neuron. They are also called wires. To show why the nervous system is a really important part of the body, I will use the wires in a radio for an example. The wires in the radio are the main connection for it to provide power to send to the wires that go throughout the radio in order to hear the sound and in for it to recognize what needs to be done when certain buttons are pressed. Without the power cord the radio would really have no use. When the power cord is plugged into a power outlet the power cord provides the ability for the radio to produce sound from the speakers. It enables the buttons to work properly so that you can press the play button on the radio and hear the tracks on a CD. The wires also give you the ability to actually hear the music that comes out of the speakers. The next topics I will mention are sensation and perception. First I will mention what sensation is, it allows your brain to connect with the outer part of your body and transfer it to the inside of your body to your brain. For example, touching things with different temperature let’s say you touch or hold ice. If you hold it the ice long enough you may begin to feel a numbing sensation and you may start getting cold or experiencing the chills or goose bumps. Another example would be touching something hot. Due to the high degrees in the object you may experience pain or even have burn marks on your skin. Now lets move on to Perception which n my words mean, getting information and making images of them. There are a few different types of perception for instance â€Å"constancy† this also has different types. But for now we will use size constancy. When you look at the very same object from different angles and distances, it may appear smaller or bigger than it really is. Picture looking at a large building out of a window on an airplane before it takes off of the ground and try watching it until you get in the sky. It will appear to be much smaller than it did when you were viewing it at a closer distance but you know the actual building didn’t get smaller, it was the distance that you were viewing it at that made it look a different size. We all must know that perception is just about the same in everyone and that’s the reason we are able to communicate with each other.

Nutrition and The Journey of Life Essay Example for Free

Nutrition and The Journey of Life Essay Caring for and fueling our bodies requires for the mother to take prenatal vitamins in order to meet us to keep a balanced nutrition. Just as our bodies The nutritional needs of the growing fetus. need the right nutritions so does a embryo, futons and baby in order to grow and develop properly. Nutrition and pregnancy The mother must make good nutritional The first eight weeks after fertilization which choices such as eating foods such as the ones is known as the embryonic stage the embryo gets its illustrated above rather then processed foods and nutrition from the lining of the uterus, but after week snacks that will provide little nutrients, these good 9 of development the growing fetus will get its nutritional habits can be practiced after birth and oxygen and nutrients from the placenta. Can be taught to the baby. The fetus is growing everyday which requires a If the nutritional needs of the fetus are not met variety of nutrients such as calcium, copper, folic acid, several health concerns may occur such as iron,vitamins A, B6, C, D and E. The demand for these Complications with fetal development, fetal size nutrients by the fetus will have to be met by having a organs, brain, and may cause a miscarriage and proper and Healthy diet, but it may also be necessary death of the infant and or mother. Post Birth Nutrition Additional Information From conception to birth the process of creating Having the proper knowledge of the nutritional baby requires a lot of energy and nutrient for the mother needs of the body before conception and post and the developing fetus, after the birth of the baby the child birth is very important for the well being newborn will continue to need nutrient in order to grow of the mother, fetus, and baby. The are several and develop. The baby will receive it nutrient from milk resources that people can use to learn more for the first year of its life so it is important to decide about the nutritional needs of the mother and weather the baby will consume breast mil or formula. fetus, listed below are some of these resources. Breast milk VS. Formula 1. Chosemyplate.gov Breast milk is the perfect food for babies it contains all 2. Medline Plus webpage and call center the nutrients that the baby will need to grow and 3. Baby center develop . Unlike formula breast milk contains properties 4. Seek the advice of your doctor that protect against infections such as white blood cells  also breast milk can pass on immune shots that the mother  may receive such as a flu shot. Formula are getting better  through he years to mach the ingredients found in breast   milk such as DHA and ARA. References Choose my plate. (2016). Retrieved from http://www.choosemyplate.gov/pregnancy-breastfeeding/pregnancy-nutritional-needs.html Grosvendr, M., Gmolin, L. (2012). Visualizing Nutrition Everyday Choices (2nd ed.). Retrieved from .

Highlights On The Ethical Dilemmas Of Standard Chartered Bank Business Essay

Highlights On The Ethical Dilemmas Of Standard Chartered Bank Business Essay Standard Chartered plc operates as the leading emerging markets bank in the world. The banking group, known by many in the banking industry as Stanchart, operates over 500 offices in 50 countries throughout the Asia Pacific region, South Asia, the Middle East, Africa, the United Kingdom, and North and South America. Its Consumer banking divisionresponsible for 58 percent of operating profit in 2000provides customers with credit cards, personal loans, mortgages, and investment services. Its Wholesale banking unit caters to corporate clients in the trade finance, cash management, custody, lending, foreign exchange, interest rate management, and debt capital markets. In 2000, the majority of SCBs revenue stemmed from its Hong Kong and Asia Pacific region operations, while the Middle East accounted for 18 percent, North and South America and the United Kingdom secured 14 percent, and Africa claimed 9 percent of revenues. The bank derives more than 90% of its operating income and profits from Asia, Africa, and the Middle East, generated from its Wholesale and Consumer Banking Businesses. The group has approximately 1750 branches and outlets located in more than 70 countries. The London-headquartered Group has operated for more than 150 years in some of the worlds most dynamic markets, leading the way in Asia, Africa, and the Middle East. Its income and profits have more than doubled over the last five years, primarily as a result of organic growth, supplemented by acquisitions. The group employs 75,000 people, nearly half of whom are women. Its employees are of 115 nationalities, with 60 of these represented among senior management. Highlights on the ethical dilemmas of Standard Chartered Bank Although Standard Chartered Bank is an international bank and countries tend to trust it for its international standards, but being such a widespread company they have had their ethical criticisms. Some of the unethical dilemmas that the company has faced over the years are- Credit card complaints- Recently SCB has been facing extensive disputes in Asia particularly in India and Pakistan regarding the marketing of their credit cards. Figure 1:1- Reduction of the use of credit cards The governments trade watchdog, the Monopolies and Restrictive Trade Practices Commission, has started an investigation of card-selling practices of certain banks including Standard Chartered Bank, HSBC and the local banks ICICI and HDFC. The commission has the power to fine companies and limit their business dealings. All the banks involved say they have followed all appropriate trade practices and are cooperating with the requests for information. On May 7, the Reserve Bank sent a letter to all commercial banks warning about usurious interest rates, asking them to make sure costs to the borrowers were justifiable. The ombudsmans office at the bank said it received 3,700 consumer complaints about credit card lenders within just the first 5 months of 2006. Newspapers regularly run articles telling consumers how to cancel their cards, and some frustrated credit card users simply stop paying their bills. (http://www.consumercourt.in/cred it-card/2638-standard-chartered-bank-complaint.html) Stock market scandal (International Agenda)- A report on Indias biggest financial scandal during 1991 1992 accuses foreign banks of transacting dummy deals to cover up losses or camouflage transactions by favored Indian brokers. The report from the Reserve Bank of India (RBI) exposes what it calls the nexus between Indian brokers and two foreign banks, Standard Chartered and Australia and New Zealand Banking Groups ANZ Grindlays Bank. The report accuses Standard Chartered of entering into fictitious transactions to cover up an ever-increasing number of unaccounted deals on its investment portfolio. The central bank of India has issued fines of roughly $42 million to 10 foreign banks, including Citibank, Bank of America, American Express Bank Ltd. and Standard Chartered Bank, accusing them of involvement in Indias worst securities scandal. SCB violated its guidelines by financing certain stock market operations, as well as helping out a fathered broker, Harshad Mehta, by putting thro ugh a number of dummy transactions. (Sanjoy Zakaria, 1994, New York Times) Acquisitions and outsourcing threat- In Malaysia, Bank Negara Malaysia in the financial master plan encouraged outsourcing of non-core functions by Financial Institutions. Ever since, banks have been exploring outsourcing as a way to rationalize and streamline operation. While outsourcing is a way forward to reduce cost, manage manpower dependencies and to allow financial institutions to focus on its core business of providing services and financial products, such outsourcing is done without prior consultation with workers representative namely SBEU. Reduction of staffs not only occurs to those directly affected by the outsourcing of the job functions, but also other complementary staff areas. Example, outsourcing of Sales and Marketing job in Standard Chartered Bank has transferred jobs originally done by Special Grade Clerical. Indirectly, this will reduce career promotion prospect. The bank has also use rationalization (due to outsourcing) as an excuse to close branches and scale down others. In the case of Standard Chartered Bank, the bank has gone on closing 15 branches nationwide with two in Sarawak according to Law Kiat Min, General Secretary of Sarawak Bank Employees Union. Evaluation of the Ethical Dilemmas Faced by Standard Chartered Bank Credit card complaints- The consumer court in India has been tackling problems regarding unfair credit card charges and improper means to withdraw the phony due amount, Credit Card Terms Prompt Indignation Arigit Sengupta, a hotel manager in Bangalore, swears he is never using a credit card again. Skip to next paragraphAfter charging about 30,000 rupees ($743) to his card and paying his minimum balance on time, he said he wound up owing his bank more than three times that amount. The kind of interest they charge, not even a chartered accountant could understand, he said. Local and foreign banks are aggressively peddling credit card accounts in India, where a fast-growing middle class with disposable income has created the ideal card customer base. (Refer to Appendix-2) Even though the firm is maintaining the contractual theory with a customer during selling these credit cards, which represents that firms have a responsibility to comply with the terms of the sale, inform the customers about the nature of the product, avoid misrepresentation of any kind, and not coerce the customer in any way. But on the other hand SCB is overlooking the due care theory which focuses on the relative vulnerability of the customer, who has less information and expertise than the firm, and the ethical responsibility that places on the firm. Customers must depend on the firm providing the product or service to live up to the claims about it and to exercise due care to avoid customer injury. The result is vocal and heated criticism from card holders, consumer advocates and the government. They accuse the banks of levying unfair fees and nuisance charges and of providing miserable customer service. These banks are cheating the public, said C. V. Giddappa, general secretary of the Credit Card Holders Association of India, a nationwide consumer group. Mr. Giddappas organization estimates that Indian consumers are paying 16.4 million rupees a day (more than $406,000) in unfair charges, and is agitating for a debt-free India by 2020. Stock market scandal (International Agenda) Regarding the particular scandal in 1991 1992 in India a spokesman for Standard Chartered said some of the report was misleading, particularly the conclusion that senior managers were aware of the fraud. Barry Northrop, who heads a Standard Chartered team trying to recover the banks losses in the scandal, said the fictitious deals were created without the knowledge of senior management and in defiance of both internal and RBI guidelines. Individuals involved had been dismissed and procedures tightened. In terms of theories SCB has complied according to Milton Friedmans theory (1970) regarding corporate social responsibility, which interprets that the only legitimate purpose of a company is to create wealth and pursuing their business effectively for the benefit of their customers, whilst providing a profitable reward to their investors. Being a foreign bank SCB acted upon their best interest financially, according to Friedman its the role of the state to provide the legal framework that regulated companies behaviour in relation to the rest of the community, the government or any appointed monitoring entity should have foreseen such a scandal and prevented it from occurring. But in the context of Kants theory, deontology or duty-based ethics that judges morality by examining the nature of actions and the will of agents rather than goals achieved or simply a deontological theory looks at inputs rather than outcomes. Therefore since this move of SCB was clearly unfavourable for the economy of India, it worked as a bad reputation for the bank as well as other foreign banks. (Refer to Appendix-3) Acquisitions and outsourcing threat- The practice of outsourcing is considered as a good option, since it provides guaranteed professional assistance for businesses without the expenses of maintaining fulltime employees, but it also poses as a threat for the domestic countries work force. Outsourcing for talent leads to lack of job security for the local employees. Standard Chartered bank and a few other international banks in Malaysia has been outsourcing extensively which has lead to an inconvenience for the employees of the nation. The provision in the Collective Agreement only requires the Bank to consult the Union prior to outsourcing. Outsourcing has inevitably reduced headcount of staff of financial institutions. Attempts by unions to negotiate with the bank to ensure that when staff moved over to the new entity (outsourcing company), and retain their seniority, pay and benefits has not been successful. While it is not possible to extent exact figure of employees who lost thei r job due to outsourcing, it is estimated that about 30% of employees are directly affected numbering about 1,000 staffs. This figure is expected to increase due to continued rationalization and system engineering. Outsourcing takes two forms, namely, transfer of job function to head office prior to outsourcing in the case of Bumiputra Commerce Bank or direct outsourcing which happened in Standard Chartered Bank. Based on such outcomes and considering SCBs current status as one of the best multinational financial institutions, Carrolls (1979) four step model on CSR can be used to stress the depth of the duty an organization needs to comply. The first two steps of the model remain evident, but the last two steps addresses particularly to the dilemma SCB is facing. Since Carroll believes that because a company can affect the interests and even lives of people, it should be accountable/responsible, to societal interests over those of the owners and beyond the specific limits of the law. Best Ethical Values and Practices of Standard Chartered Bank Even though Standard Chartered Bank has had a reputation of using unethical means to reach a much beneficial end in terms of the companys market expansion. Although the British Empire isnt as global as it used to be, that hasnt stopped Standard Chartered. Sustainability is integral to Standard Chartered. Worldwide and in Malaysia, the bank champions dedicated causes, one of them being environment. The organization believes that each person can make a difference, and through small steps, the collection action contributes to the overall impact as the community unites to preserve the environment for future generations. The organization is cognizant of getting it right in the home, before moving out to the neighborhood. The strategy of embedding the environment consciousness among the staff was a key focus for SCB in growing green advocates. As such, their green agenda is woven into every level of the banks operations. Environmental and Social Awareness- Over the last two years, Standard Chartered has run multiple activities and programs focusing on self-awareness, reducing wastage and lowering carbon footprint under its umbrella theme, Go Green, Lets Make a Difference. From cutting back on air travel to implementing shared-printer facility between departments, the results have been very heartening. The bank has seen as much as 50% reduction in air travel, 20% in paper consumption, 50% reduction in air travel and 10% in electricity usage, and the introduction of e-statements with customers. Higher targets are set for 2011. The bank is already using recycled paper for their business cards, and sourcing to adopt recyclable paper in all their operations Their other programs, Seeing is Believing (preventing curable blindness), Living with HIV/AIDS, Financial Literacy Programme, are being tackled on ground with face-to-face interaction given theres a higher level of social sensitivity surrounding these causes. All the following mentioned above directs to the theory of Consequentialism; consequentialist ethics bases decision-making on the best outcome for the largest group that also results in the least harm. It is a form of utilitarian ethics, which focuses on results rather than ingrained moral imperatives. The utility principle requires the decision-maker to weigh the possible consequences of his or her actions to select options that offer the best results for society. This has lead SCB in attaining the title of one of the worlds most ethical companies in four consecutive years till 2010 all in recognition of its ongoing commitment to build a sustainable business for the benefit of customers, clients and the wider communities in whi ch it operates. (Refer to Appendix-4) Workforce Diversity- With more and more organizations going global, diversity at work is increasingly becoming an integral part of every organization. Diversity refers to any perceived difference among people like age, race, religion, profession, sexual orientation, geographic origin and lifestyle. SCB has started their journey of diversity and inclusion in India from 2006 with formation of the DI Council. SCB initially started by concentrating on three aspects of diversity, gender, disability and nationality. Some of the key concerns were the infrastructure of the working women, work-life balance, and barriers to growth. A series of focused group discussions were conducted to understand and address these concerns to help position Standard Chartered as the employer of womens choice, states Rajashree Nambiar, GM distribution and country champion, diversity and inclusion, Standard Chartered Bank. From an ethical perspective the bank has been exercising virtue ethics which focuses on t he individuals moral stature rather than the morality of the act itself. A moral actor will base his or her decisions on ingrained values rather than consequences or duty. However, the individual is part of a community so the virtues valued by the community affect the individual decision-makers thought processes. A cultures values are incorporated into the individuals ethical framework. As a global bank, the variety of markets they do business in makes them diverse inherently. In terms of gender diversity; women make up to 46Â  per cent of their total workforce and the number of women in senior management roles has also increased. To increase female representation amongst senior management they focused on creating a pipeline of high-potential female employees at middle management. In 2008, they developed a mentoring programme for their middle management talent, with a specific focus on women. The Bank actively supports International Womens Day. Across their markets, and organize a variety of activities to recognize the achievements of women and highlight role models. In 2008, SCB renewed focus on attracting and supporting potential employees with disabilities. Over the last 12 months, the Group trained and hired a number of blind employees in Pakistan, employed their first visually challenged employee in Indonesia and Sri Lanka. SCB also launched initiatives to support employees with family responsibilities, and new maternity and paternity leave policies were rolled out in Bangladesh, Lebanon, US and Australia in 2008. Recommendation According to the reasonings mentioned above it is clear that SCB initially made a lot of wrong moves which was mostly in their own interest, but gradually when they started being internationally recognized they have tried substantially to improve their ethical ways as a corporation. They not only provided international job opportunities in the economies they settled in, they also came up with various social awareness activities e.g. fund-raising, and city beautification programs in the countries they are operating. Since they are a service based organization their only way of communicating to their customers should be through goodwill building and transparent publication of their intentions and actions. On the other hand the governments of the countries where MNCs like SCB operate should assign more efficient and reliable monitoring bodies for convenience. References Text Books/Articles- Fisher, C Lovell, A, Business Ethics and Values: Individual, Corporate and International Perspectives, 3rd Edition, Pearson Education, 2009 Crane, A Matten, D, Managing Corporate Citizenship and Sustainability in the Age of Globalization, 2nd Edition Oxford University Press, 2007 Laurie J. Mullins, Management and Organisation behavior, 8th Edition, FT Prentice Hall, 2007 Jacques P. Thiroux, Keith W. Krasemann, Ethics: Theory and Practice, 10th Edition, Pearson Education 2009 De Geaorge, Richard T., Business Ethics, 7th Edition, Pearson Education 2010 Lawrence, P.R. and Lorsch, J.W., Organisation and Environment, Irwin, 1969 Press statement April 2002 to Standard Chartered Bank on Closure and downsizing of branches -pages 7-9 Websites- www.consumercourt.in/credit-card/2638-standard-chartered-bank-complaint.html www.gbcimpact.org/itcs_node/0/0/member_profiles/434 www.csrdigest.com/2010/08/going-green-using-social-media/ www.newyorktimes.com www.thetimesofindia.com www.timesnewspaper.com www.standardchartered.com

Comparing Sir Thomas Mores Utopia and Virgils Aeneid Essay -- Compar

Identity and Power in Sir Thomas More's Utopia and Virgil's Aeneid In Utopia and the Aeneid, Sir Thomas More and Virgil describe the construction and perpetuation of a national identity. In the former, the Utopian state operates on the â€Å"inside† by enforcing, through methods of surveillance, a normalized identity on its citizens under the guise of bettering their lives. In the latter, the depleted national identity of the future Romans in the wake of the Trojan War must reformulate itself from the â€Å"outside† by focusing on defining what it is not. In both instances, the lines between the â€Å"inside† and the â€Å"outside† are clearly drawn and redrawn. The two methodologies are in actuality the flipsides of one another: in clearly defining the accepted national identity and contrasting with it the danger and instability outside this narrow conception, the state is legitimized in doing violence on a massive scale to either eliminate the constructed outside threat or to further the imperialistic project so that th ese lines remain intact and unquestioned. In Utopia, the state imposes a culture of normalization to formulate a national identity that both defines and binds its citizens. The fifty-four towns of the country are virtually identical with the â€Å"same language, laws, customs, and institutions† (More 70). Even the appearances of individuals resemble each other with no distinctions in dress. This imposition of conformity serves to form a singular national identity that is artificial yet prevalent. As a result, the normalization is internalized by the people, becoming a cult of self-surveillance where the uniformity of physical appearances is superceded only by the uniformity of identity. The state succeeds in establishing a panopt... ...te literary Trojan Horse. As the representative work of the entire Western civilization, his work is guaranteed wide dissemination. However, the ambivalence of his literary conventions often traps the unwitting reader and forces him or her to confront the violent undercurrents of Pax Romana. In essence, More and Virgil speak to the dangers of imposing a normative national identity that actually becomes the flipside of a violent imperialist project. More importantly, they open up space for dissent by critiquing the seemingly impenetrable state system from the inside and thus exposing its inherent contradictions precariously built on a foundation of violence. Works Cited Virgil. The Aeneid of Virgil: A Verse Translation. Trans. Rolfe Humphries. Ed. Brian Wilkie. New York: Macmillan, 1987. More, Thomas, Sir. Utopia. Trans. Paul Turner. New York: Penguin, 1965.

Vanity Fair :: Essays Papers

Vanity Fair Vanity Fair, though it does not include the whole extent of Thackeray's genius, is the most vigorous exhibition of its leading characteristics. In freshness of feeling, elasticity of movement, and unity of aim, it is favorably distinguished from its successors, which too often give the impression of being composed of successive accumulations of incidents and persons, that drift into the story on no principle of artistic selection and combination. The style, while it has the raciness of individual peculiarity and the careless case of familiar gossip, is as clear, pure, and flexible as if its sentences had been subjected to repeated revision, and every pebble which obstructed its lucid and limpid flow had been laboriously removed. The characterization is almost perfect of its kind. Becky Sharp, the Marquis of Steyne, Sir Pitt Crawley and the whole Crawley family, Amelia, the Osbornes, Major Dobbin, not to mention others, are as well known to most cultivated people as their most intimate acquaintances in the Vanity Fair of the actual world. It has always seemed to us that Mr. Osborne, the father of George, a representation of the most hateful phase of English character, is one of the most vividly true and life-like of all the delineations in the book, and more of a typical personage than even Becky or the Marquis of Steyne. Thackeray's theory of characterization proceeds generally on the assumption that the acts of men and women are directed not by principle, but by instincts, selfish or amiable--that toleration of human weakness is possible only by lowering the standard of human capacity and obligation--and that the preliminary condition of an accurate knowledge of human character is distrust of ideals and repudiation of patterns. This view is narrow, and by no means covers all the facts of history and human life, but what relative truth it has is splendidly illustrated in Vanity Fair. There is not a person in the book who excites the reader's respect, and not one who fails to excite his interest. The morbid quickness of the author's perceptions of the selfish element, even in his few amiable characters, is a constant source of surprise. The novel not only has no hero, but implies the non-existence of heroism. Yet the fascination of the book is indisputable, and it is due to a variety of causes besides its mere exhibition of the worldly side of life.

The Adventures of Huck Finn: A Coming Of Age Novel Essay examples -- e

The Adventures of Huck Finn: A Coming Of Age Novel   Ã‚  Ã‚  Ã‚  Ã‚  The novel ‘The Adventures of Huck Finn’ by Mark Twain is a coming of age novel. Huck’s maturity grows throughout the story. He first starts to show emotions toward a runaway slave, and by the end of the novel, has grown up to the point where, when Jim, the slave, is captured, Huck decides not to play games but to take it serious and rescue him the safest and most logical way. He also decides it give up playing games after his friend is shot to ensure that he would get the medical attention that he needed   Ã‚  Ã‚  Ã‚  Ã‚  The first indication of Huck’s growing maturity was in Chapter 15. Huck and Jim are split because of a thick fog near Cairo, their destination. After many hours, Huck finally makes his way back to the raft. Jim is sleeping, and Huck, still in a childish state of mind, decides to play a joke on Jim by pretending that he was never lost. He pretends to wake up next to Jim, who is overjoyed to see him, and Huck convinces Jim that the whole episode was a dream. When Jim finally realizes that Huck is fooling him, he scolds him sharply for it:   Ã‚  Ã‚  Ã‚  Ã‚  Aamy heart wuz mos’ broke bekase you wuz los’, en I didn’ k’yer no’ mo’ what become er me en de raf’. En when I wake up en fine you back agin, all safe en soun’, de tears come, en I could a got down on my knees en kiss yo; foot. I’s so thankful. En all you wuz thinking’ ‘bout wuz how you could make a foo...

Banks in the Philippines

————————————————- List of banks in the Philippines From Wikipedia, the free encyclopedia The  Philippines  has a comprehensive banking system encompassing various types of banks, from large  universal banks  to small  rural banks  and even  non-banks. As at 31 March 2011, there are 19 universal banks, 19  commercial banks, 73  thrift banks, 595 rural banks, 40  credit unions  and 15 non-banks with quasi-banking functions, all licensed with the  Bangko Sentral ng Pilipinas(Central Bank of the Philippines) under  Republic Act  No. 791, also known as the General Banking Act of 2000, share roughly the same powers. ————————————————- —————————————â€⠀Ã¢â‚¬â€Ã¢â‚¬â€- Powers of a universal bank A universal bank has the same powers as a commercial bank with the following additional powers: the powers of an  investment house  as provided in existing laws and the power to invest in non-allied enterprises. List of local universal banks Government-owned * Al-Amanah Islamic Investment Bank of the Philippines * Development Bank of the Philippines Land Bank of the Philippines [edit]Private-owned 1. Banco de Oro Universal Bank 2. Metropolitan Bank and Trust Company 3. Bank of the Philippine Islands 4. Philippine National Bank 5. Rizal Commercial Banking Corporation 6. UnionBank of the Philippines 7. China Banking Corporation 8. Citibank 9. East West Bank 10. Philippine Savings Bank 11. Philtrust Bank  (Philippine Trust Company) 12. Security Bank 13. United Coconut Planters Bank 14. Allied Bank Corporation ———————————————â€⠀- [edit]Powers of a commercial bankIn addition to having the powers of a thrift bank, a commercial bank has the power to accept drafts and issue  letters of credit; discount and negotiate  promissory notes, drafts,  bills of exchange, and other evidences of  debt; accept or create demand deposits; receive other types of deposits and deposit substitutes; buy and sell foreign exchange and  gold  or  silver  bullion; acquire marketable  bonds  and other debt securities; and extend credit. [edit]List of local commercial banks * Asia United Bank * Bank of Commerce * BDO Private Bank  (subsidiary of Banco de Oro) * Philippine Bank of Communications Philippine Veterans Bank * Robinsons Bank Corporation [edit]List of foreign banks with commercial banking operations [edit]Branches * Australia and New Zealand Banking Group * Bangkok Bank * Bank of America, N. A. * Bank of China * Chinatrust Commercial Bank * Citibank, N. A. * Deutsche Bank AG * Hongkong and Shanghai Ba nking Corporation * ING Group * JPMorgan Chase * Korea Exchange Bank * Mega International Commercial Bank * Mizuho Corporate Bank * Standard Chartered Bank * The Bank of Tokyo-Mitsubishi UFJ, Ltd. ————————————————- [edit]Thrift banks [edit]Powers of a thrift bankA thrift bank has the power to accept savings and time deposits, act as a correspondent with other financial institutions and as a collection agent for government entities, issue mortgages, engage in real estate transactions and extend credit. In addition, thrift banks may also maintain checking accounts, act as a depository for government entities and local government units and engage in quasi-banking and money market operations subject to the approval of the Bangko Sentral. As per the banker Amit Malhotra, the performance of thrift banks are underrated. [edit]List of local thrift banks [edit]Government-owned * Ph ilippine Postal Savings Bank edit]Privately owned * Accord Savings Bank * Allied Savings Bank  (subsidiary of Allied Bank) * Anchor Savings Bank * Area Development Bank * Asiatrust Development Bank * Bank of Calape * Bank of Cebu * BankOne Savings and Trust Corporation * Bankwise * Bataan Development Bank * Bataan Savings and Loan Bank * BPI Direct Savings Bank  (subsidiary of Bank of the Philippine Islands) * BPI Family Savings Bank  (subsidiary of Bank of the Philippine Islands) * Business and Consumers Bank * Century Savings Bank * Chinabank Savings  (formerly Manila Bank; subsidiary of Chinabank) * City Savings Bank * Citystate Savings Bank Cordillera Savings and Loan Bank * Dumaguete City Development Bank * Dungganon Bank * EIB Savings Bank  (subsidiary of Export and Industry Bank) * Equicom Savings Bank * Express Savings Bank * Farmers Savings and Loan Bank * First Consolidated Bank * GSIS Family Bank  (subsidiary of the  Government Service Insurance System) * Hi yas Bank * Iloilo City Development Bank * Inter-Asia Development Bank * ISLA Bank * Kauswagan Bank * Legazpi Savings Bank, Inc. * Lemery Savings and Loan Bank * Liberty Savings and Loan Association * Life Savings Bank * Luzon Development Bank * Malasiqui Progressive Savings and Loan Bank Malayan Bank * Metro Cebu Public Savings Bank * Micro Enterprise Bank * Microfinance Maximum Savings Bank, Inc. (MAXBANK) * Northpoint Development Bank * Opportunity Microfinance Bank * Optimum Development Bank * Pacific Ace Savings Bank * Palawan Development Bank * Pampanga Development Bank * Penafrancia Savings and Loan Association * Philam Savings Bank  (subsidiary of  Philam Life) * Philippine Business Bank * Philippine Savings Bank  (Metrobank Group) * Planters Development Bank * Premiere Development Bank  (to be acquired by Security Bank) * Progress Savings and Loan Association * Queen City Development Bank Quezon Coconut Producers Savings and Loan Bank * RCBC Savings Bank (subsidiary of Rizal Commercial Banking Corporation) * Robinsons Savings Bank  (subsidiary of  JG Summit Holdings) * Sampaguita Savings and Loan Association * San Pablo City Development Bank * Sandigan Savings Bank * Silangan Savings and Loan Bank * Sterling Bank of Asia * The Real Bank * Tower Development Bank * UCPB Savings Bank  (subsidiary of United Coconut Planters Bank) * University Savings and Loan Bank * Village Savings and Loan Association * Vizcaya Savings and Loan Association * Wealth Development Bank * Winbank * World Partners Bank edit]List of foreign banks with thrift banking operations * Citibank  (through Citibank Savings) * HSBC  (through HSBC Savings Bank) * United Overseas Bank ————————————————- [edit]Cooperative and rural banks Rural and cooperative banks are the more popular type of banks in the rural communities. Their role is to promote and expand the rural economy in an orderly and effective manner by providing the people in the rural communities with basic financial services. Rural and cooperative banks help farmers through the stages of production, from buying seedlings to marketing of their produce.Rural banks and cooperative banks are differentiated from each other by ownership. While rural banks are privately owned and managed, cooperative banks are organized/owned by cooperatives or federation of cooperatives. A rural bank has the power to provide adequate credit facilities to farmers and merchants or to cooperatives of such farmers and merchants and, in general, to the people of the rural communities of which the rural bank operates in. [edit]List of cooperative banks * Agusan del Norte Cooperative Bank * Bataan Cooperative Bank * Banco Cooperativa de Zamboanga * Camiguin Cooperative Bank * Capiz Settlers Cooperative Bank Cooperative Bank of Agusan del Sur * Cooperative Bank of Aklan * Cooperative Bank of Aurora * Coopera tive Bank of Benguet * Cooperative Bank of Bohol * Cooperative Bank of Bukidnon * Cooperative Bank of Bulacan * Cooperative Bank of Cagayan * Cooperative Bank of Camarines Norte * Cooperative Bank of Camarines Sur * Cooperative Bank of Cavite * Cooperative Bank of Cebu * Cooperative Bank of Davao del Sur * Cooperative Bank of Ilocos Norte * Cooperative Bank of Iloilo * Cooperative Bank of La Union * Cooperative Bank of Lanao del Norte * Cooperative Bank of Misamis Oriental * Cooperative Bank of Mountain Province Cooperative Bank of Negros Oriental * Cooperative Bank of Cotabato * Cooperative Bank of Nueva Ecija * Cooperative Bank of Palawan * Cooperative Bank of Pampanga * Cooperative Bank of Quezon Province * Cooperative Bank of Surigao del Sur * Cooperative Bank of Tarlac * Cooperative Bank of Zambales * Cooperative Bank of Zamboanga del Norte * Cooperative Bank of Zamboanga del Sur * Countryside Cooperative Bank of Batangas * First Isabela Cooperative Bank * Ilocos Sur Cooperativ e Bank * Leyte Cooperative Bank * Metro South Cooperative Bank * National Teachers and Employees Cooperative Bank * Occidental Mindoro Cooperative Bank Samahang Nayon Cooperative Bank of Nueva Vizcaya * Sorsogon Provincial Cooperative Bank * Southern Leyte Cooperative Bank [edit]List of rural banks [edit]Agusan del Norte * Green Bank [edit]Agusan del Sur * Peoples Bank of Caraga, Inc. [edit]Aklan * Rural Bank of Altavas * Rural Bank of Balete * Rural Bank of Banga (Aklan) * Rural Bank of Makato * Rural Bank of New Washington * Rural Bank of Malinao – Microsavers Bank [edit]Albay * Camalig Bank * Cagsawa Rural Bank * Ibalon Rural Bank * Rural Bank of Guinobatan [edit]Bataan * Balanga Rural Bank * Orani Rural Bank * Rural Bank of Abucay * Rural Bank of Bagac [edit]Batangas 5 Speed Rural Bank * Balayan Bay Rural Bank * Banco Batangan * Banco ng Masa * Bangko Kabayan * Batangas Rural Bank for Cooperatives * Bolbok Rural Bank * Calaca Rural Bank * Classic Rural Bank * Dynamic Bank * Empire Rural Bank * Excel Rural Bank * Farmers Rural Bank * First Coconut Rural Bank * Limcoma Rural Bank * Lipa Bank * Lipa Public Bank * Lobo Rural Bank * Malarayat Rural Bank * Mount Makiling Rural Bank * New Rural Bank of Agoncillo * President Jose P. Laurel Rural Bank * Progressive Rural Bank * Rural Bank of Alitagtag * Rural Bank of Padre Garcia * Sto Rosario Rural BAnk * Women's Rural Bank, Inc. [edit]Bohol First Consolidated Bank [edit]Biliran * Rural Bank of Naval, Inc. [edit]Benguet * Benguet Center Bank * Diamond Rural Bank * Highland Rural Bank * Rural Bank of Baguio [edit]Bukidnon * Malaybalay Rural Bank * Asian Hills Bank [edit]Bulacan * Agricom Rural Bank * Apex Rural Bank * Baliuag Rural Bank * Banco Rural de General Tinio * Bangko Luzon * Bangko Rural ng Kalumpit * Rural Bank of San Pascual inc. * Delmont Bank  (Rural bank of  San Jose del Monte City) * East Coast Rural Bank of Hagonoy * Emerald Rural Bank * Fil-Agro Rural Bank * Gateway Rural Bank * Meyacaua yan Second Rural Bank, Inc. * La Consolacion Rural Bank Rural Bank of Angat * Rural Bank of Dona Remedios Trinidad * Silahis Bank * Rural Bank of Bustos * Rural Bank of Pandi [edit]Cagayan * Providence Rural Bank * Rural Bank of Gattaran * Claveria Rural Bank * Rural Bank of Sanchez Mira [edit]Camarines Sur * Bangko Rural ng Magarao * Bangko Rural ng Pasacao * First Naga Rural Bank * G-7 Bank * Municipal Rural Bank of Libmanan * Municipal Rural Bank of Nabua * Penafrancia Rural Bank of Calabanga * Rural Bank of Sipocot * Rural Bank of Pamplona * Rural Bank of Minalabac * Rural Bank of San Fernando * Rural Bank of Cabusao * Rural Bank of San Jose * Rural Bank of Pili * Rural Bank of Milaor Rural Bank of Ragay * Rural Bank of Iriga [edit]Camiguin * Mambajao Community Rural Bank * Philippine Intercity Rural Bank [edit]Capiz * Farmer's Bank of Capiz * President Roxas Rural Bank, Inc. * Rural Bank of Mambusao, Inc. * Rural Bank of Panay, Inc. * Rural Bank of Dao, Inc. * Rural Bank of Pil ar, Inc. * Rural Bank of Pilar, Inc. , Roxas City Branch * Rural Bank of Ivisan, Inc. * Rural Bank of Cuartero, Inc. * Rural Bank of Jamindan, Inc. * Rural Bank of Sapian, Inc. [edit]Cavite * Advance Rural Bank * Bangko Mabuhay * Capitol City Rural Bank of Trece Martires * Cavite Rural Banking Corporation * Cebuana Lhuillier Rural Bank Central Equity Rural Bank * Community Bank * First Reliance Bank * GMA Rural Bank of Cavite * Imus Rural Bank * Masuerte Rural Bank of Bacoor * Rural Bank of Amadeo * Rural Bank of Magallanes * Rural Bank of Maragondon * Unlad Rural Bank of Noveleta, Inc. [edit]Cebu * Frontier Rural Bank * Aspac Rural Bank * Banco Maximo * Banco of East Asia * Banco Rural de Isla Cordova * Cardinal Rural Bank * Coastal Bank * Community Rural Bank of Catmon * Community Rural Bank of Medellin * First Agro Industrial Rural Bank * Frontier Rural Bank * Lapu Lapu Rural Bank * Mactan Rural Bank * Philippine Countryside Rural Bank * Pilipino Rural Bank Plaza Rural Bank * Upl and Rural Bank [edit]Compostela Valley * Rural Bank, Inc. * Money Mall Rural Bank * Rural Bank of Montevista(Davao), Inc * Rural Bank of Compostela(Davao), Inc * Rural Bank of Mawab [edit]Davao del Norte * First Tagum Rural Bank, Inc. * Century Rural Bank [edit]Davao del Sur * First Tagum Rural Bank, Inc. * Community Rural Bank of Magsaysay * One Network Bank * Rural Bank of Digos, Inc. [edit]Davao Oriental * First Tagum Rural Bank, Inc. * Rural Bank of Baganga [edit]Ifugao * Lagawe Highlands Rural Bank [edit]Ilocos Norte * Banco Dingras * Ilocandia Community Bank * Cooperative Bank of Ilocos Norte San Nicolas Cooperative Bank of Ilocos Norte-Laoag City * Cooperative Bank of Ilocos Norte-Batac City [edit]Ilocos Sur * Cordillera Bank * Vigan Banco Rural Incorporada * Rural Bank of Tagudin, Inc * Rural Bank of Cabugao, Inc. * Rural Bank of Sta. Maria, Inc * Sadiri Rural Bank, Inc. * Rural Bank of Magsingal, Inc. * Ilocos Sur Cooperative Bank [edit]Iloilo * Rural Bank of Guimbal (Iloil o) * Racso's Bank * Bangko Buena Consolidated * Rural Bank of Santa Barbara (Iloilo) * Community Rural Bank of San Joaquin * Farmers Trader Rural Bank * First Midland Rural Bank * Janiuay Rural Bank * LifeBank * Progressive Rural Bank * Rural Bank of Alimodian Rural Bank of Anilao * Rural Bank of Badiangan * Rural Bank of Leganes * Rural Bank of Oton [edit]Isabela * Banco Agricola * Golden Rural Bank of the Philippines * Mallig Plains Rural Bank * Philippine Rural Banking Corporation * Rural Bank of Alicia * Rural Bank of Angadanan * Rural Bank of Benito Soliven * Providence Rural Bank * Rural Bank of Magsaysay, Isa. Inc. * Rural Bank of Cauayan, Inc. [edit]Laguna * Rural Bank of Bay,Inc. * Binan Rural Bank * Card Rural Bank * De La O Rural Bank * Entrepreneur Rural Bank * First United Farmers Bank * Key Rural Bank * Ormon Bank * PlanBank Rural Bank of Canlubang Planters Provident Rural Bank of Santa Cruz * Rural Bank of Alaminos * Laguna Prestige Banking Corporation * Rural Bank of Lumban * Rural Bank of Mabitac, Inc. * Rural Bank of Nagcarlan * Rural Bank of Paete * Rural Bank of Pagsanjan * Rural Bank of Calauan * Rural Bank of Calamba * Malarayat Bank * Rural Bank Of Magdalena (Laguna) * CARD Bank [edit]Lanao del Sur * Bagong Bangko Rural ng Malabang * Maranao Rural Bank [edit]Leyte * First Interstate Bank * Rural Bank of Dulag * Rural Bank of Hindang * Rural Bank of Hilongos * Rural Bank of Bato * Rural Bank of Burauen * Rural Bank of Ormoc * Rural Bank of Naval, Carigara Branch edit]Southern Leyte * Rural Bank of Maasin * Rural Bank of Malitbog * Rural Bank of Padre Burgos * Rural Bank of Hinundayan * Rural Bank of San Juan [edit]Maguindanao * New Settlers Bank [edit]Metro Manila * AMA Bank * Baclaran Rural Bank * Banco de Jesus Rural Bank * Banco San Juan * Bangko Pasig * BMS Rural Bank * Builders Rural Bank * Country Rural Bank of Taguig * Enterprise Capital Rural Bank * Filipino Savers Bank * Finman Rural Bank * First Country Rural Bank * First Macro Bank * Insular Rural Bank * MVSM Bank (A Rural Bank Since 1953) * Rodriguez Rural Bank * Rural Bank of Alabang * Bank of Makati * Tambunting Bank edit]Misamis Occidental * Community Rural Bank of Clarin * First Community Cooperative Bank of Misamis Occidental * Panguil Bay Rural Bank of Ozamiz * Rural Bank of Bonifacio * Rural Bank of Tudela * Bank of Misamis. The merging of Rural Bank of Tudela, Mis. Occ. and Rural Bank of Kolambogan, Lanao del Nort * Rural Bank of Plaridel [edit]Misamis Oriental * Bangko Rural ng Tagoloan * Community Rural Bank of Naawan * Philippine Farmers Bank * Rural Bank of Talisayan * first Valley Bank [edit]Mountain Province * Rural Bank of Sagada [edit]Negros Occidental * Rural Bank of Marayo * Community Rural Bank of Magallon First Community Bank * First State Rural Bank * Nation Bank * New Rural Bank of Binalbagan, Inc. * New Rural Bank of Victorias * Rural Bank of Bacolod City [edit]Negros Oriental * Central Visayas Rural Bank * Dumaguete Rural Bank * R ural Bank of Amlan * Rural Bank of Ayungon * Rural Bank of Bacong * Rural Bank of Guihulngan * Rural Bank of Valencia * Rural Bank of Manjuyod * Rural Bank of Larena * Rural Bank of Basay * Rural Bank of Pamplona * Rural Bank of Santa Catalina * SG Bank [edit]Nueva Ecija * Aliaga Farmers Rural Bank * Banco Rural de General Tinio * Bangko Luzon Inc. * Cabanatuan City Rural Bank * Citizen's Rural Bank Cooperative Bank of Nueva Ecija * Cuyapo Rural Bank * FARM Bank * GM Bank Inc. * Kabalikat Rural Bank * Masagana Rural Bank * Merchant Rural Bank of Talavera * Millennium Bank * New Rural Bank of Guimba * New Rural Bank of San Leonardo * Producers Rural Bank of San Jose City * Rural Bank of Laur * Rural Bank of Lupao * Rural Bank of Quezon * Rural Bank of Makati * Rural Bank of Sto. Domingo * Small & Medium Enterprise Bank * Towncall Rural Bank * Westmont Bank [edit]Nueva Vizcaya * Agri Business Rural Bank * Rural Bank of Aritao * Rural Bank of Solano * Cooperative Bank of Nueva Vizcaya [edit]Oriental Mindoro Oriental Tamaraw Rural Bank of Naujan * Rural Bank of Baco * Rural Bank of Gloria * Rural Bank of Bansud * Rural Bank of Pinamalayan * Rural Bank of Pola * Rural Bank of Naujan * Rural Bank of Victoria * Rural Bank of Socorro * Rural Bank of Bongabong [edit]Pampanga * Rural Bank of Porac * Banco Nuestra Senora del Pilar * Bank of Florida * Bangko San Lus (2nd Rural Bank of San Luis) * Crown Bank * Delta Civic Bank * Guagua Rural Bank * Guagua Savers Bank * Rural Bank of Angeles * Rural Bank of Apalit * Rural Bank of San Luis * Unity Bank [edit]Pangasinan * Banco Rural de San Antonio * Bangko Pangasinan * Bani Rural Bank BHF Rural Bank * Corfarm Rural Bank of Umingan * CSF Rural Bank of Bayambang * Gulf Bank * Kaluyagan Rural Bank * Kaunlaran Rural Bank * Pangasinan Bank * People's Rural Bank of Binmaley * Rural Bank of Agno * Rural Bank of Alaminos * Rural Bank of Anda * Rural Bank of Dasol * Rural Bank of Bautista * Rural Bank of Mangaldan [edit]Quezon * St. Jude Cooperative Bank * Quezon Capital Rural Bank * Grand-Agri Rural Bank * Mega Rural Bank * Polillo Island Rural Bank * Quezon Capital Rural Bank * Quezon Traders Rural Bank of Candelaria * Rural Bank of Alabat * Rural Bank of Atimonan * Rural Bank of Candelaria * Rural Bank of Dolores Rural Bank of Lucban * Rural Bank of Mauban * Rural Bank of Sariaya * Rural Bank of Tagkawayan * Tiaong Rural Bank [edit]Rizal * Binangonan Rural Bank * Eastern Rizal Rural Bank * Filidian Rural Bank * Rural Bank of Cardona * Growers Rural Bank * Tanay Rural Bank * Rizal Rural Bank (Taytay), Inc. * Rural Bank of Angono * Rural Bank of Antipolo * Rural Bank of Cainta * Rural Bank of Montalban * Rural Bank of Pililla [edit]Romblon * Community Rural Bank of Romblon [edit]Sarangani * Rural Bank of DAR Beneficiaries Cooperative * Rural Bank of Alabel * Sarangani Rural Bank, Inc. [edit]South Cotabato * Peninsula Rural Bank People's Rural Bank * Partner Rural Bank, Surallah, So. Cot. * Rural Bank of Norala (Norala, So. Cot. ), Inc. [edit]Southern Leyte * Community Rural Bank of Maasin [edit]Sultan Kudarat * Partner Rural Bank, Tacurong City [edit]Surigao del Sur * Bangko Carrascal * Enterprise Bank  www. ebi. ph]] * Cantilan Bank, Inc. [edit]Surigao del Norte * Surigaonon Rural Banking Corporation * Evergreen Rural Bank,Inc. * Siargao Bank * Rural Bank of Placer [edit]Tarlac * Bangko Santo Nino * Camiling Rural Bank * First Provincial Bank * Rural Bank of Tarlac * Rural Bank of Victoria * Rural Bank of Pura * Rural Bank of La Paz * St. Michael Rural Bank edit]Zambales * Community Rural Bank of San Felipe * Countryside Rural Bank of Palauig * Maharlika Rural Bank * Rural Bank of Cabangan * Zambank * Unity Bank * Rural Bank of Candelaria Zambales, Inc. * Rural Bank of San Narcisco, Inc. * Rural Bank of San Marcelino, Inc. [edit]Zamboanga del Norte * Rural Bank of Labason * Community Rural Bank of Dapitan City * Rural Bank of Roxas * Katipunan Rural Bank * Rizal Rural Bank * Rural Ban k of Dipolog City * Rural Bank of Siocon * Rural Bank of Liloy [edit]Zamboanga del Sur * Rural Bank of Pagadian City * Rural Bank of Salug Valley [edit]Zamboanga Sibugay * Rural Bank of Kabasalan Inc. edit]Zamboanga City * Rural Bank of Siocon Inc. * Rural Bank of Zamboanga * Banco Cooperativa de Zamboanga ————————————————- [edit]Defunct or merged banks * Citytrust  Savings Bank (acquired by Bank of the Philippine Islands) * Acme Savings Bank(Acquired by the Sy Group of Companies and Renamed  Banco De Oro) * Far East Bank and Trust Company  (acquired by Bank of the Philippine Islands) * People's Bank and Trust Company(acquired by Bank of the Philippine Islands) * SolidBank Corporation (acquired by Metropolitan Bank and Trust Co) * G7 Bank * Insular Savings Bank  (acquired by Citibank) International Exchange Bank  (acquired by Union Bank of the Philippines) * Insu lar Bank of Asia and America (Merged with  Philippine Commercial International Bank) * Monte de Piedad Savings Bank  (acquired by Keppel Bank) * Mindanao Development Bank(Merged with  Equitable Banking Corporation) * Ecology Bank(Merged with  Equitable Banking Corporation) * Keppel Bank  (acquired by  GE Capital Finance) * Philippine Commercial International Bank  (merged with Equitable Bank forming  Equitable PCI Bank  and now merged with  Banco De Oro) * PCIBank Savings (bought by the HSBC Group and renamed HSBC Savings Bank. * DBS Bank Philippines Ltd. (acquired by BPI) * Equitable Banking Corporation  (merged with PCI Bank forming  Equitable PCI Bank  and now merged with  Banco De Oro) * Prudential Bank  (acquired by Bank of the Philippine Islands) * Urban Bank  (forced to close then merged with Export and Industry Bank) * Equitable PCI Bank  (merged with Banco de Oro) * Export and Industry Bank * American Express Bank  (Renamed BDO Elite Savi ngs Bank) * Equitable Savings Bank  (merged with BDO) * Banco Santander Central Hispano (Philippine subsidiary acquired by  Banco De Oro  and renamed BDO Private Bank) * Dao Heng Bank  (acquired by Banco e Oro) * 1st E Bank  (Philippine Branches acquired by Banco de Oro) * United Overseas Bank  (66 out of 67 Branches merged with  Banco De Oro * BDO Elite Savings Bank (merged with BDO along with Equitable Savings, Equitable PCI and PCI Capital Corp) * GE Money Bank  (acquired by Banco de Oro) * Green Bank of Caraga(Acquired by East West Bank) * LBC Development Bank * Traders Royal Bank (Acquired by Bank of Commerce) * Capitol Bank (acquired by RCBC, now named as RCBC Savings Bank) * Asianbank (acquired by Metrobank)