By virtue of Act No. 2612 of the Philippine Commission, the Philippine National Bank (PNB) was established on Feb. 4, 1916 to replace the small government-owned Agricultural Bank. Its first head office was the Masonic Temple on Escolta, then known as the Wall Street of the Philippines. H. Parker Willis, an American, was the bank’s first president. Marielle Medina, Inquirer Research
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