The Bangko Sentral ng Pilipinas (BSP) has authorised the corporate name change of SeaBank Philippines Inc. to Maribank Philippines Inc. The approval was granted on April 21, according to a circular signed by BSP Deputy Governor Lyn Javier.

Following the BSP’s authorisation, the Securities and Exchange Commission cleared the bank’s amended Articles of Incorporation and By-Laws on July 31, officially reflecting the new corporate name.

Formerly known as Banco Laguna Inc., the rural bank was founded in 1965. Following a rebranding in 2020, the bank shifted its focus from traditional services to a more technology-driven approach. The goal of this shift was to make its financial services more accessible to customers.

As of the end of 2024, the bank operates four branches in the Laguna province (in Pagsanjan, Sta. Cruz, Siniloan, and Liliw) and maintains an extension office in Mandaluyong.

In April 2025, MariBank Singapore Private Limited (MariBank) officially acquired SeaBank Philippines into its banking group.

MariBank is a Singapore-based digital bank that is fully owned by Sea Limited and operates under a licence from the Monetary Authority of Singapore (MAS). Both banks are part of the broader Sea Limited Group.

Featured image by evening_tao via Freepik.