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Rang-Ay Rural Bank, Inc.

Brief Introduction to Rang-Ay Bank

Rang-ay Bank was granted authority to operate under Republic Act 720 by the Central Bank of the Philippines on January 14, 1956. As a duly established and licensed bank, Rang-ay first opened its doors in the City of San Fernando (La Union) on January 16, 1956. It has the distinction of being the first private bank to open in the Ilocos.

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Civic-Spirited leaders of the region led by the late Doña Numeriana Tavora-Querol and Don Teofilo A. Nisce founded the bank. Atty. Rodolfo M. Nisce served as the bank’s first manager.

Rang-ay Bank has been a recipient of many prestigious awards from various financial institutions in the country. In 1975, it was adjudged an outstanding rural bank by the Central Bank for operational efficiency, sound banking practices and for having achieved substantial growth rates. That same year, Rang-ay became the biggest rural bank in region 1 and the Cordilleras.

In 1994, Rang-ay was awarded the Gawad Quedancor by the Quedan and Rural Credit Guarantee Corporation for being the country’s top lending bank specifically in its Food Market Retailers lending program.

Rang-ay was also recognized by the Countryside Financial Institution – Management Development Program as one of the ten countryside banks in the Philippines with the most improved systems, procedures and overall operations based on its performance record from 1994-1998.

As a major conduit of long-term funds. Rang-ay was a national awardee of the Countryside Loan Fund for four years (1996, 1997, 1999 and 2000). It was also given recognition as the most outstanding participating financial institution among all conduit banks.

In 2000, Rang-ay received the Gold Award for Excellence from Equitable-PCI Bank for consistently delivering superior and innovative products and services. In the same year, it bested all rural bank remittance conduits of Western Union and UniTeller money transfer facilities in the country. Among the awards it received from 2000 to 2002 were the following: Highest Number of Transaction for two consecutive years, Largest Volume Amount of Transaction and Largest Volume Payout Transaction.

For two consecutive years (2002 & 2003) Rang-ay was recognized by the Land Bank of the Philippines as the most outstanding countryside financial institution at the regional level.

All these achievements manifest Rang-ay’s steadfast commitment to banking excellence and its continuing effort to serve its clientele in the countryside by being an effective partner of the government in the development of local economies.

No. of Branches

Address of Branches	Name of Branch Manager	Contact No.	Email Address

Downtown Branch Rang-ay Bldg., No. 61 Ortega St. San Fernando (LU)	Janet B. Zamoranos	(72)242-5682
Tubao Branch No. 1 Verceles St., Tubao, La Union	Jacqueline M. Estrada	(72)521-4109
Agoo Branch Rang-ay Bldg., National Highway Consolacion, Agoo, La Unioin	Louela R. Pajimola	(72)710-0702	rangayagoo@yahoo.com
Baguio Branch Maharlika Bldg., Magsaysay Ave. Baguio City	Marvin G. Madrigal	(74)442-8142	rrbibgo@mozcom.com
Dagupan Branch G/F TN Bldg., Burgos St. Dagupan City	Fernando A. Picazo	(75)522-0075	rangay@pangasinan.com
Candon Branch Rang-ay Bldg., Nat’l. Highway San Jose, Candon, Ilocos Sur	Rowena S. Lictao	(77)742-6418	rangaycandon@yahoo.com
Sta. Cruz Branch Nat’l. Highway, Poblacion Este Sta. Cruz, Ilocos Sur	Eddie Galleso	(77)742-3030
Vigan Branch Florentino cor. Gov. A. Reyes St. Plaza Burgos, Vigan, Ilocos Sur	Ernesto B. Casison	(77)722-4471
Laoag Branch 2/F Laoag City Public Market (South Wing), Villanueva cor. Castro Ave. Laoag City	Marcelo A. Ofiaza	(77)770-3808	rangay@laoag.net

Board of Directors

Name	Position	Contact Information

Eufrosina Q. Nisce	Chairman	(72)242-5661 to 62
Elisa P. Buenaventura	Director
Flora M. Ignacio	Director
Flora N. Kagaoan	Director
Ives Q. Nisce	Director	(72)242-5661 to 63
Jose Z. Osias	Director
Rodolfo M. Ramos	Director	72)242-5661 to 62

Senior Officers

Name	Position	Contact Information
Ives Q. Nisce	President and CEO	(72)242-5661 to 63
Leticia O. Asenci	Senior Manager – Finance Group	(72)242-5661 to 62
Rodolfo M. Ramos	Senior Manager - Operations Group	-do-
Mario P. Galvez	Senior Manager – Lending Group	-do-
Winnie A. Mingaracal	Compliance Officer	-do-
Ives Jesus C. Nisce, II	Senior Manager, Administrative Group		-do-

Services

• Checking Account
• Savings Deposits
• Time Deposits
• Premium Current Accounts
• Deposit/Withdraw Kahit Saan
• Sale of Gift Checks
• Payroll Services
• Foreign Remittances through Western Union and Uniteller
• Authorized Foreign Exchange Dealer
• Authorized Collection Agent for Social Security System (SSS)
• Commercial Loans
• Industrial Loans
• Agricultural Loans
• DepEd Salary Loans
• Microfinance Program
• Medium and Long-Term Loans
• Participating Financial Institution of the ff:

• Countryside Loan Fund
• Industrial Guarantee Loan Fund
• Quedan and Rural Credit Guarantee Corp.
• Small and Medium Enterprise Credit

• Authorized Government Depository Bank

Membership/affiliations

Philippine Deposit Insurance Corporation
Rural Bankers Association of the Philippines
La Union Bankers Association
La Union Chamber of Rural Banks
Confederation of Ilocos Rural Banks, Inc.

No. of Employees:

80 including officers

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