Security Bank opens more Philippines branches

CEBU, Philippines — Security Bank Corp. expanded its physical footprint in November with the opening of eight new branches, lifting its nationwide network to 372 as the lender pushes to widen access to financial services across high-growth urban and regional markets.

The expansion signals the bank’s strategy of pairing digital capabilities with a broader on-the-ground presence to serve households, entrepreneurs and small businesses, particularly in fast-developing economic corridors.

In Luzon, Security Bank opened its Congressional Extension branch and added three locations in Pampanga—Mexico, Mabalacat and Subic — areas that have seen rising residential development alongside increased commercial activity.

The bank said the new branches are positioned to support growing communities and businesses in Central and Northern Luzon.

The lender also strengthened its presence in the Visayas with the launch of the Cebu–Basak branch, located in a densely urbanized district that serves a growing base of small and medium-sized enterprises.

In Mindanao, new branches in Midsayap, Cotabato and Davao City, including Davao–Damosa and Davao–Ecoland, extend the bank’s reach in key business districts and residential hubs.

“These openings reinforce our push to be a more customer-centric bank,” Leslie Cham, executive vice president and head of branch banking at Security Bank, said. “With 372 branches nationwide, we’re able to be closer to our customers and deliver more personalized service supported by modern facilities.”

While Philippine banks have accelerated digital adoption, Security Bank said its branch expansion reflects continued demand for in-person banking, particularly for complex financial needs.

New locations are designed to integrate technology-enabled platforms with traditional services, allowing branches to work seamlessly with the bank’s digital channels.

“Banking today is about balancing technology with empathy,” Cham said, adding that branches are being positioned as inclusive spaces that combine human interaction with digital convenience.

Founded in 1951, Security Bank is among the Philippines’ leading universal banks, with operations spanning retail, corporate and MSME banking, as well as investment banking and asset management.

Security Bank is publicly listed on the Philippine Stock Exchange and maintains a strategic alliance with Japan’s MUFG Bank, providing clients access to an international network.