First Consolidated Bank
The First Consolidated Bank, also known by its initials FCB, is a private, independent development savings bank organized in 1982 in the province of Bohol in the Philippines by a group of Filipino business people.It operates out of Tagbilaran City, and has 79 branches in different parts of the country.In 1993, FCB started expanding into many parts of the Visayas, Mindanao, and Luzon.[2] FCB was involved as an appellee in an appeal before the Third Division of the Supreme Court of the Philippines.In LPBS Commercial, Inc., v. Amila and the First Consolidated Bank (FCB) of Bohol, Inc., the petitioner sought to fight a foreclosure by making an interlocutory appeal, but the case was dismissed in favor of FCB, with an admonition to the petitioner and its lawyers:[3] The propensity of litigants and lawyers to disregard the hierarchy of courts in our judicial system by seeking relief directly from this Court must be put to a halt for two reasons: (1) it would be an imposition upon the precious time of this Court; and (2) it would cause an inevitable and resultant delay, intended or otherwise, in the adjudication of cases, which in some instances had to be remanded or referred to the lower court as the proper forum under the rules of procedure, or as better equipped to resolve the issues because this Court is not a trier of facts.In 2012, FCB opened five new branches, bringing their total number of branches to 58.