Banco Filipino Savings & Mortgage Bank (BF) was organized in 1964 principally to engage in the general business of savings and mortgage banking and of a trust company and to perform such acts as may be incidental thereto. It started operations on July 9, 1964. The Company re-opened on July 1, 1994 (after it was ordered to close by the Central Bank on January 25, 1985) and resumed business as a full service savings bank with trust operations. On the same date, the bank re-opened fifteen (15) branches. As of year-end 2001, the Bank has placed in operation 62 branches all over the country, 33 in Metro Manila and 29 in the provinces. The Bank has installed 70 ATM's in its on-line branches and shopping malls. BF offers to the public full domestic banking services, which are five main types, namely: cash services; commercial services; loans; money market services; and trust services. Source: SEC Form 17-A