About Us
City Trust Bank is one of the progressive financial institutions in the island of Saipan, CNMI. Its successful operations is due in part to its shareholders strength. Their continued trust and support has made it possible for the bank to engage in expansion activities as well as meet the requirements of the Commission on Banking, Department of Commerce.
It also recognizes the diversified backgrounds and needs of its clientele, hence, its products are designed to suit individual needs. These needs could range from both the material to personal: capital to set up or improve a business or savings for a future need. Prudence is continuously exercised in every transaction, as this is a major factor in the management of personal or corporate resources.
As the Commonwealth of Northern Mariana Island finds its place in a world defined by technology, City Trust Bank joins the bandwagon as it gears itself for full automation in the Year 2002, for more efficient and effective service.
Brief History
City Trust Bank, Inc., which was formerly named Marianas Bank Limited was incorporated on July 7, 1982 under the laws of the Commonwealth of the Northern Mariana Islands (CNMI). The Bank operates as a retail bank, a non- FDIC bank and has its customer base on the island of Saipan. On August 2, 1993 upon approval of the Commonwealth of Banking Commission, a set of new directors and stockholders took over the bank’s operations. Currently, the Bank has a three-member board of directors consisting of Ta Bun Kuy, President, Managing Director; Juan S. Tenorio, Executive Vice President, Secretary and Treasurer, Chairman-Loans Committee; and Jaime R. Cruz, Vice President and consisting of eleven (11) employees.
The office of City Trust Bank is centrally located on the island of Saipan which is the capital and principal island of the CNMI, which politically is a U.S. Territory. The population consists of approximately 47,000 of which about 52% consist of locals and other U.S. citizens and approximately 48% non-resident workers of mixed nationalities.
The Bank caters to various customers mainly composed of the local people of the CNMI and guest workers of different nationalities. To ensure quality services, the Bank employs both local and guest workers who are bi-lingual and can communicate with customers in their native languages.
Mission Statement
Our business is professional banking,
we are committed to serve and satisfy the needs and best interests
of our publics, our clients, our co-workers, our stockholders and our communities.
As banking is based on trust,
we will do business with the highest standards
of personal integrity and service quality.
We believe strongly in human resources,
in their inherent dignity and well-being and in their capability for growth.
These being the key elements of our Bank’s success,
we fully dedicate ourselves to their enhancement.
We will grow to be among the top performing banks
in terms of profitability, efficiency and product delivery
reaching out to all our markets.
Finally, we will make ourselves worthy members of society
contributing to the upliftment of our fellowmen
and to the promotion of national development.
