SeaBank Philippines rebrands as Maribank, BSP approves name change

The Bangko Sentral ng Pilipinas (BSP) has authorised the corporate name change of SeaBank Philippines to Maribank Philippines, marking the latest chapter in the bank’s decades-long history.

In a circular signed by BSP deputy governor Lyn Javier, the central bank confirmed that it approved the request on 21 April, reported The Philippine Star. The Securities and Exchange Commission followed with clearance of the amended articles of incorporation and by-laws on 31 July, reflecting the new corporate identity.

SeaBank Philippines, formerly known as Banco Laguna, traces its origins to 1965. From its modest beginnings in a small town in Laguna, it has consistently maintained its mission of supporting local communities by providing access to essential financial services.

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The rebranding in 2020 saw the bank pivot from traditional operations to a more technology-driven approach. Guided by a mission to make financial services accessible to all, the bank has embraced proprietary technology and data while continuing to serve its core rural clientele, particularly in the Calabarzon region.

As of the end of 2024, the bank operates four branches across Laguna - in Pagsanjan, Sta. Cruz, Siniloan and Liliw - and maintains an extension office in Mandaluyong to support growing operational needs.

The bank’s rebranding follows MariBank’s acquisition of SeaBank Philippines in April 2025. Both the Philippine unit and MariBank Singapore operate under Sea Limited Group, the parent company behind eCommerce giant Shopee.

YugaTech said the change is solely in name - customers’ accounts, balances, and access to funds remain fully secure and unchanged. No additional steps or app migrations are needed, and the same teams continue to manage daily operations, ensuring banking services carry on without disruption.

MariBank has hinted at a redesigned mobile app featuring the new branding and upgraded functionalities to improve the digital banking experience. While the full details are yet to be disclosed, the update signals the bank’s intention to strengthen its presence in the country’s expanding digital finance sector.

The rebranding also aligns MariBank Philippines more closely with its Singapore headquarters, opening potential opportunities for cross-border collaboration and technological enhancements in the future.

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