Legazpi Savings Bank (LSB), a subsidiary of the Bank of the Philippine Islands (BPI), has opened three new branch-lite units (BLUs) in Northern Luzon, as part of its ongoing mission to support educators and strengthen communities. The new branches are located in San Fernando (La Union), La Trinidad (Benguet), and Tuguegarao City (Cagayan)—key hubs serving over 85,000 teaching and non-teaching staff and more than 5,000 schools across Regions I and II.
“This expansion is a deliberate investment in our teachers’ future,” said Jerome Minglana, LSB president. “We want to give them peace of mind so they can focus on shaping young minds, while we provide the financial solutions they need to thrive.”
The new BLUs bring LSB’s Teachers’ Loan program closer to its target clients, offering fast, accessible, and educator-friendly credit options. Designed specifically for teachers, the loan allows borrowing of up to P2 million with minimal requirements, digital processing, and quick disbursement—even within one hour to other banks.
The initiative aligns with the National Strategy for Financial Inclusion’s goal of improving access to banking services. While account ownership among Filipino adults rose from 29 percent in 2019 to 56 percent in 2021, many—including teachers—still face access barriers. LSB aims to close that gap by combining digital onboarding with nationwide support from over 1,200 BPI and BanKo branches.
The openings reaffirm LSB’s commitment to being “Ang bangko ng Teacher ko!”—a trusted partner in helping educators achieve financial stability and contribute to nation-building.
