RURAL BANK OF CAVITE CITY UPDATE
New management of Rural Bank of Cavite City (RBCC) came in officially March 15, 2010. This is headed by Mr. Joseph Chua, holding interim position as Vice President for Operations and Mr. Jaime Colayco, holding interim position as Vice President for Finance.
The first RBCC Board Meeting was held last March 10, 2010.
Members of the Board are the following:
Mr. Joshue Camba – Independent Director (as required by BSP)
Mr. Dennis Decena – Independent Director (as required by BSP)
Ms. Chato Alfaro – Director representing Francisco Colayco
Mr. Francisco Colayco – as Chairman of the Board of RBCC and representing KsK Coop
Mr. Armand Bengco – Director representing KsK Coop (under the name of AQB is 20% ownership of RBCC representing the future individual “direct participants” of individual KsK Coop members)
Mr. Federico Paragas – Director representing KsK Coop
Ms. Mary Anne Colayco – Director representing Francisco Colayco (FJC as a person).
Per record, ownership of RBCC are as follows:
40% under Francisco Colayco
represented in the Board of RBCC by:
Mary Anne Colayco and Chato Alfaro
40% under Francisco Colayco representing KsK Cooprepresented in the Board of RBCC by:
Francisco Colayco and Federico Paragas Jr.
20% under Armand Bengco representing future individual “direct participants” from individual KsK Coop Members
represented in the Board of RBCC by:
Armand Bengco
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