SouthBank Incorporated

South Bank, Inc. was originally organized by a group of Cagayan de Oro businessmen. It was formerly named as Kagay-anon Rural Bank (Cagayan de Oro City) Inc., and the only rural banking institution in Cagayan de Oro City at that time when establishment of bank branches was not yet liberalized.

Sometime in 2000, the bank was acquired by the A Brown Group of Companies, the foremost real estate developer/owner of Xavier Estates and other real estate developments. It was spearheaded by Dr. Walter B. Brown. It was then a single-branch banking unit, and was renamed South Bank, Inc.

In 2004, the Bank was acquired by the Zealep Group led by Dr. Rafaelita P. Pelaez, and has since grown from one (1) single branch rural bank to seven (7) branches and a fully-organized Head Office.