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Philtrust Philippine Trust Company : Products

piquanteyepiquanteye Member PEx Expert 🎖️
edited November 2019 in Banking and Finance
PHILTRUST BANK, also known as the Philippine Trust Company, is the first institution to engage in the trust business under Philippine law. It started operations on October 21, 1916.Its organization was the result of an increasing number of estates needing administration, minor heirs requiring guardianship services and other estates which needed trusteeship relations, of which there was none in existence at the time. Trust accounts also involved receiverships, assigneeships, custodian of wills and estates under court appointed or private administration. Essentially, therefore, the fiduciary role was the guiding light of the new company. Banking is indeed vested with public trust and confidence and the relationship between bank and client must remain deeply rooted thereon. Hence, even in its humble beginnings, the Philippine Trust Company anchored its hopes for greater service to the community on its commitment to trust and confidence.The Trust Company started with Php1 million authorized capital, of which Php500,000.00 was paid up. Its office was located at Calle T. Pinpin on Escolta.The first Board of Directors of the Company was composed of Phil C. Whitaker, Otto Vorster, Charles Ayton, Julius S. Reis, Thomas L. Hartigan, William J. O'Donovan and W. H. Lawrence, the last three being prominent practicing lawyers at the time, Whitaker was elected president and served as such for more than six years.As a result of the increasing recognition by the public of the convenience and practicability of the services of a trust Institution, the business of the Company expanded. After the end of World War I, the Office of the United States Veterans Administration, then known as the Veterans Bureau, engaged Philippine Trust Company to handle guardianships of deceased Veteran's children. Agencies were subsequently opened in Fort Mills, Corregidor and Fort Stotsenberg in Pampanga. The Philippine Trust became the depository of the United States Armed Forces in the Philippines. It is a distinction of Philtrust to have served as depository to General Douglas MacArthur, to the lowest private of the U.S. Army stationed in the Philippines and to the Philippine Scouts.
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Comments

  • piquanteyepiquanteye Member PEx Expert 🎖️
    hey yeah Philtrust Bankers. Kamusta?
  • piquanteyepiquanteye Member PEx Expert 🎖️
    Philtrust just celebrated its 100 years last year kasabay ng PNB.

    Is this bank Ultra conservative? Manila Bulletin always advertise this bank pero I don't know what is happening?

    Wala silang Internet banking, Mobile App and don't have credit card services.
  • piquanteyepiquanteye Member PEx Expert 🎖️
    kamusta mga ka philtrust?
  • IronHandofJusticeIronHandofJustice Member PEx Guru 🎖️🎖️
    Kapag nakikita ko iyong branch nila dati sa CEU Makati, napapasabi akong ang tagal na nga nila.

    Medyo shaky ang pakiramdam ko dito sa bank nato, mukhang kakainin to ng competitors in 20 years time.
  • piquanteyepiquanteye Member PEx Expert 🎖️
    edited July 2018
    You should have seen the PHiltrust headoffice sa UN Avenue Manila.  Napaka Nostalgic.

    Philtrust is one of the most conservative bank of all conservative banks. Sa sobrang conservative  na nila they forgotten na banko pala sila.  Joke lang po.  Haha
  • piquanteyepiquanteye Member PEx Expert 🎖️
    edited September 2018
    Hello Philtrusters. Any exciting news?
  • piquanteyepiquanteye Member PEx Expert 🎖️

    hmmmm... baket kaya?? what is the exciting news?


    Philippine Trust Company

    PTC
    As of October 31, 2018 03:20 PM 

    Last Trade Price:
    122.90
    Open:
    108.90
    Previous Close:
    Oct 25, 2018
    104.10
    Change:
    up 18.80
    High:
    122.90
    P/E Ratio:
    (Adjusted)
    76.34
    %Change:
    up 18.06%
     Value:
    338,132.00
    Low:
    108.90
    52 week High:
    220.00
    Volume:
    2,860
    Avg. Price:
    118.23
    52 week Low:
    95.00
  • piquanteyepiquanteye Member PEx Expert 🎖️
    I am trying to read Manila Bulletin pero walang news about Philtrust Bank. Advertisement lang sa taas. hehe.
  • piquanteyepiquanteye Member PEx Expert 🎖️
    Hmm..  Still curious about the movement of PTC. Ano kaya balita?
  • piquanteyepiquanteye Member PEx Expert 🎖️
    kapag nagopen ba ng savings account dito automatic may pa beneficiary details na? yung parang follow the turbulent lives of VioletKlaus, and Sunny Baudelaire. ??? hehe
  • piquanteyepiquanteye Member PEx Expert 🎖️
    edited November 2018

    Trust Products and Services

    Custodial Services

    We can take care of safekeeping your investments in stocks and other marketable securities, and release the same upon your specific written instructions. We'll even cover other ministerial concerns such as collection of dividend and interest, subscription to stock rights, conversion of securities and others on your behalf.

    Employment Benefit or Retirement Plan

    If you own a company, let the bank manage the retirement fund that you provide for your employees whether it's a pension or aprovident fund.

    Escrow Agency

    Philtrust Bank could be a third and impartial party to hold and administer money, securities, property titles or documents in escrow contracts between you and another party, and the bank will see to it that the provisions of the escrow agreement are faithfully complied.

    Life Insurance Trust
    We will handle every aspect of your life insurance plan from the filing of insurance claims, to the management of the proceeds and disbursements, according to your wishes as indicated in the dispositive provisions of the Trust Agreement. This could either be a revocable or irrevocable trust.

    Personal Living Trust
    Together, we can plan and create a separate trust estate out of your general estate while you're still around and able, for your loved-ones and named beneficiary(ies).

    Testamentary Trust
    We can manage and protect your properties and funds upon your death, pending full distribution to your beneficiaries subject to conditions set forth in the Trust.

    Administratorship
    We can administer properties or funds under property administration agreement or under orders of court of competent jurisdiction to manage and distribute the estate of a deceased person without a written will.

    Guardianship
    The bank can administer the properties or funds of a minor, or an incompetent or incapacitated person through a trust agreement initiated by appointment of a court of competent jurisdiction.

    Stock and Transfer Agency
    PTC can enforce an agency agreement involving the issuance of original certificate of stocks of a company, custody of unissued certificates, replacement of lost or destroyed certificates and bookkeeping of stocks.

    Directional Investment Management Account
    Whether your an individual with investments or a representing a corporate entity, we can manage and invest your funds on investment outlets with your instructions in mind.
  • piquanteyepiquanteye Member PEx Expert 🎖️
    edited November 2018
    i guess the trust business of Philtrust is their asset.


    Trust is big word..
  • piquanteyepiquanteye Member PEx Expert 🎖️
    Let 100 years of PhilTrust go beyond 200 years.
  • piquanteyepiquanteye Member PEx Expert 🎖️
    any info on how their banking work?
  • piquanteyepiquanteye Member PEx Expert 🎖️
    Safest bank is PhilTrust bank?
  • IronHandofJusticeIronHandofJustice Member PEx Guru 🎖️🎖️
    May branch dito malapit sa amin. Pero I am not sure kung may clients ba kasi bakante parati ang parking lot. :lol:
  • IronHandofJusticeIronHandofJustice Member PEx Guru 🎖️🎖️
    edited March 2019
    Safest bank is PhilTrust bank?
    May account ka ba dito?
  • piquanteyepiquanteye Member PEx Expert 🎖️
    edited March 2019
    Nandito kasi accounts ng boudalaires orphans. Haha. Wala. Pero parang maganda dito subok na matibay at matatag 100 years na sila walang movements. Nandito kaya account ni count dracula? Jk
  • IronHandofJusticeIronHandofJustice Member PEx Guru 🎖️🎖️
    kamusta mga Ka Philtrust?
    Maglagay ka na raw ng milyones mo dito, piquant. Hehehe.

    Kailangan nila mag rebranding like Security Bank. Masyadong old school ang bangkong ito.
  • piquanteyepiquanteye Member PEx Expert 🎖️
    Ah eh... Wala akong milyones...hahah... Hinde ata sila mag Fifintech at digital banking. Hayaan na lang muna daw. Medyo mabagal pa ang connection nila. Hinde ata sila naka converge. Ayaw din nila ng blockchain di tulad ng Unionbank. Kulang siguro sila ng IT.
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