FCB was established in 1982 as a result of the consolidation of 14 independent banks in the Province of Bohol. FCB was organized by a group of Filipino entrepreneurs and professionals who combined a broad experience in business and banking in the Philippine countryside. The consolidation, the first in the country, resulted in the conversion of these rural banks into branches of FCB.
In 1993, FCB started branching out of Bohol. The opening of FCB Mandaue Branch was followed by the establishment of branches in many parts of Luzon, Visayas and Mindanao.
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 7906, otherwise known as the Thrift Bank Act of 1995.
Today, FCB is one of the leading private development banks in the Philippines. Our capital adequacy ratio, a key financial indicator of strength in the banking industry, is higher than the average of the top five commercial banks and is purely tier 1 capital. The bank has consistently been profitable and provided adequate returns to its shareholders while practicing corporate social responsibility through its outreach projects in healthcare, livelihood, education, and environment.
FCB currently has 81 branches and 54 Branch-Lite Units nationwide, and is scheduled to open more locations in various parts of Luzon, Visayas and Mindanao.
The First Consolidated Bank shall be a large, strong and reliable financial institution, capable of:
FCB commits itself to:
Board of Directors
Executive Committee
The Board Executive Committee (BEC) is established by the Board of Directors to assist it in fulfilling its oversight responsibilities. The Board has delegated and authorized the BEC to exercise all or any powers of the Board at any time (except when a meeting of the Board is held) and all decisions of the Committee will have full force and effect.
| BEC Members | Position |
| Clariville Paz Uy-Evardone | Chairman |
| Argeo J. Melisimo | Director/Member |
| Dianne U. Yap | Director/Member |
Credit Committee
The Board Credit Committee (BCC) shall determine and set the parameters for credit risk, asset concentration for Board approval and review of compliance with such limits.
| BCC Members | Position |
| Joseph M. Lacea | President/Chairman |
| Lalaine L. Domapias | Director/Member |
| Argeo J. Melisimo | Director/Member |
Audit Committee
The Board Audit Committee (BAC) is established to assist the BOD in fulfilling its oversight responsibilities for the integrity of the First Consolidated Bank’s financial statements, system of internal control, audit process and the company’s process for monitoring compliance with laws, regulations and the ethics policy.
| BAC Members | Position |
| Priscilla T. Enriquez | Independent Director/Chairman |
| Praxedes Placido T. Te | Independent Director/Member |
| Argeo J. Melisimo | Director/Member |
Nomination and Corporate Governance Committee
The Nomination and Good Governance Committee (BNGC) is established to assist the BOD in fulfilling its corporate governance and oversight responsibilities in relation to: (i.) Board structure, membership, tenure and succession planning; (ii.) Board induction and training; (iii.) overall corporate governance policies and procedures, and (iv.) emerging trends in best practice corporate governance.
| BNGC Members | Position |
| Ma. Dolores B. Yuvienco | Independent Director/Chairman |
| Priscilla T. Enriquez | Independent Director/Member |
| Praxedes Placido T. Te | Independent Director/Member |
| Argeo J. Melisimo | Director/Member |
Compensation and Remuneration Committee
The Compensation and Remuneration Committee (BCRC) is established by the Board of Directors to review and approve the Compensation and Benefit Policies and Programs of the First Consolidated Bank.
| BCRC Members | Position |
| Clariville Paz Uy-Evardone | Chairman |
| Mark T. Muñeses | Director/Member |
| Lalaine L. Domapias | Director/Member |
| Priscilla T. Enriquez | Independent Director/Member |
| Joseph M. Lacea | President/Member |
Risk Oversight Committee
The Board Risk Oversight Committee (BROC) is established by the Board of Directors to assist it in the effective discharge of its responsibilities in relation to the establishment and implementation of the risk management system and to review, at least annually the Bank’s implementation of that system.
| BROC Members | Position |
| Praxedes Placido T. Te | Independent Director/Chairman |
| Priscilla T. Enriquez | Independent Director/Member |
| Lalaine L. Domapias | Director/Member |
Asset/Liability Management Committee
The Board Asset/Liability Management Committee (BALCO) is established by the Board of Directors to approve and review policies for managing the sources and uses of funds that will provide an appropriate level of profitability within acceptable levels of risk.
| BALCO Members | Position |
| Clariville Paz Uy-Evardone | Chairman |
| Argeo J. Melisimo | Director/Member |
| Joseph M. Lacea | President/Member |
Senior Officers
Officers
Home | Contact Us | Sitemap | Privacy Notice
© 2017 First Consolidated Bank | FCB Mail
