LANDBANK installs first ATM in unbanked Mayantoc, Tarlac

LANDBANK officially installed the first-ever ATM in the previously unbanked municipality of Mayantoc.

MAYANTOC, Tarlac – The Land Bank of the Philippines (LANDBANK) recently
installed the very first Automated Teller Machine (ATM) in the previously unbanked
third-class municipality of Mayantoc.

Located right in front of Mayantoc’s municipal hall and police station, the LANDBANK
ATM will help make banking safer and more convenient for government employees
and other clients of the Bank in the municipality composed of 24 barangays.

The new ATM will also service the cash requirements of 1,300 beneficiaries of the
National Government’s Conditional and Unconditional Cash Transfer (CCT/UCT)
Programs, who previously needed to travel to nearby towns to access their cash aid
due to the unavailability of ATMs in Mayantoc.

This new physical touchpoint brings the number of LANDBANK ATMs in Tarlac to 33,
complementing seven (7) LANDBANK branches across the province which services
Tarlac City and all 17 municipalities.

“LANDBANK is promoting financial inclusion and economic development to remote
municipalities in the country. We will continue to expand our touchpoints to service
more communities, especially the unbanked and underserved,” said LANDBANK
President and CEO Cecilia C. Borromeo.

Aside from the offsite ATM installation, LANDBANK also provides banking services to
Mayantoc through the Iggy R. Castro Hardware as the state Bank’s Agent Banking
Partner since 2019.

Under the Agent Banking Program, LANDBANK partners with client cooperatives;
associations; rural banks; local government units (LGUs); micro, small and medium
enterprises (MSMEs); and private entities to help provide basic banking services to
areas with limited or no LANDBANK presence.

As of 30 June 2022, LANDBANK has a total of 608 branches, 58 lending centers,
2,847 ATMs, and 233 cash deposit machines (CDMs) nationwide, in line with its
continuing thrust of advancing financial inclusion and countryside development.

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