The successful completion of the integration project between Equitable Bank and PCIBank was an important milestone for the newly-merged bank in 2000, said Dennis C. Bancod, senior vice president and chief technology officer for Equitable PCI Bank. When Equitable acquired PCIBank, a bank which was 1.5 times bigger, a discussion immediately began on what would be the surviving technology platform. We had to choose a solution for the bank with the best overall functionality, reliability, and cost-effectiveness over the long haul. It was like choosing a new solution all over again. In the end, Equitable PCI Bank chose the ALLTEL solution over the home-grown option from PCIBank because it had proven greater reliability and support for our users, and would support our plans for further growth.
An ALLTEL client since 1996, The Equitable PCI Bank Group is the third-largest domestic bank in the Philippines, with an asset base of US $5 billion and more than 500 retail branches and 435 ATMs strategically located nationwide. The bank processes 1.8 million deposit accounts with ALLTEL’s software. Equitable Bank’s acquisition of PCIBank in 1999 formed Equitable PCI Bank.
