In September 1962 by George Ty, together with businessmen Don Emilio Abello, Don Pio Pedroso and Placido Mapa, Sr. founded the Metrobank primarily to offer financial services to the Chinese-Filipino community. In 1963, the bank’s first branch opened in Divisoria, Manila. Four years later, the bank expanded outside Manila and opened their first provincial branch in Davao.
In 1970, Metrobank started expanding outside the Philippines. Its first international branch was in Taipei, Taiwan. In 1973, the bank established a banking office in Hong Kong and in 1975, another Metrobank branch opened in Guam, the first Philippine bank to open in American territory. Branches in Los Angeles and New York followed after. In 1977, the Central Bank authorized Metrobank Foreign Currency Deposit Unit (FCDU) operations.
Read more:Metropolitan Bank and Trust Company - WikiPilipinas: The Hip 'n Free Philippine Encyclopedia
