The Board of Directors of Philippine Savings Bank in its meeting held on September 23, 2016 passed a resolution approving the promotion of Mr. Francis C. Llanera as Senior Vice President for the Branch Banking Group effective October 1, 2016. Through Mr. Llanera's leadership, the bank has enjoyed a steady growth in deposits, acquisition of new customers and an expansion of its nationwide reach through its branch network. Prior to his appointment as head of Branch Banking in 2012, Mr. Llanera played key roles in the Bank's loan operations, collections and remedial management.