Alfred Cabangon elected chairman of the board of Citystate Savings Bank; Susan Belen, director
D. ALFRED A. CABANGON was elected new chairman of the board of directors of Citystate Savings Bank at the bank’s annual stockholders’ meeting on May 31 at Citystate Centre Building, Shaw Boulevard, Pasig City. Also named new director of the bank was Susan M. Belen.
Cabangon was the bank’s president from 2005 to 2011. He also sits on the board of the bank’s sister companies under the Fortune Insurance Group, including Fortune Life Insurance Co.
Belen, on the other hand, had an intensive and comprehensive banking background for 31 years. She started her banking career in Allied Bank Corp. (ABC) from May 1979 and rose to various positions until April 1986.
She later held executive positions at Security Bank Corp. (SBC) from November 1989 to December 2010. She retired at SBC as vice president, handling Central Metro Area with 30 to 40 branches with a number of achievements, such as conversion of Area Top 3 generating- income branches record- ing consistent three-year below- average audit rating to above- standard rating in a span of one year turnaround, among others.
Belen is affiliated with the Philippine Chamber of Commerce and Industry (PCCI)-NCR and Pasig as trustee and president, respectively, from 2015 up to the present. She also serves as board of director in Pasig Chamber of Commerce from 2010 to present.
Her other affiliations include PCCI Pasig City Inc. TVET K-12, where she is currently the committee chairman; Mandaluyong Chamber of Commerce, where she was a board of director/treasurer from 1999 to 2010; Philippine Coast Guard Auxilliary, where she was a commander in rank; Malate/ Ermita Businessmen Association, where she was a member.
During the stockholders’ meeting, Cabangon asked for a minute of silent prayer for his father, the late Ambassador Antonio L. Cabangon Chua, founder of Citystate Savings Bank.