PNB Remittance Centers, Inc. (PNBRCI) was incorporated on October 19, 1990, under its former name, Century Finance and Remittance Centers, Inc. (CFRCI). The California Department of Financial Institutions licensed the Company as a transmitter of money abroad in May 1991. PNB RCI is licensed in the following states: California, Arizona, Nevada, Texas, Louisiana, Illinois, Indiana, Missouri, New Jersey, Maryland, Florida, Washington State, Oregon, Alaska, Hawaii, North Carolina and Virginia. PNBRCI is a subsidiary of PNB International Investments Corporation, which is wholly owned by the Philippine National Bank in Manila, Philippines.

PNBRCI began its operations in National City (in San Diego) in September 1991 followed by Chicago, Illinois, in February 1992 and the simultaneous openings of West Covina and Union City branches in March 1992. Jersey City in New Jersey, San Jose and Carson branches opened for business that same year.

PNBRCI currently has 16 branches operating to serve clients with their remittance needs. 9 authorized agents. PNB RCI has also introduced a new service, Phone Remittance, where remitters simply call a toll-free number, (855) 889-7788, provide remittance instructions and their bank account details. PNBRCI debits the remitter’s account for the amount of their remittance.