PNB Remittance Centers, Inc. (PNB RCI) was incorporated on October 19, 1990 under its former name, Century Finance and Remittance Centers, Inc. (CFRCI). The California Department of Financial Institutions licensed it as a transmitter of money abroad in May 1991. It is also supervised and examined by different regulatory agencies in Nevada, Texas, Illinois, New Jersey, Virginia, Maryland, Florida, Washington State, Oregon and Alaska. PNB RCI is a subsidiary of PNB International Investments Corporation, which is wholly owned by the Philippine National Bank in Manila, Philippines.
PNB RCI began its operations by opening the National City branch (in San Diego) in September, 1991 followed by Chicago, Illinois branch 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. To further expand its remittance services and to reach a greater portion of Filipino-American remitters, additional branches were opened in Las Vegas, Nevada, Illinois, New Jersey, Maryland, Virginia, Florida, Washington State, Hawaii and Texas.
Today, PNB RCI has twenty (20) branches in the US, and 57 authorized agents. PNB RCI has also introduced a new service, Phone Remittance, where remitters simply call a toll free number, (855) 889-7788, and provide remittance instructions and provide their bank account details to pay for the amount of their remittance. PNB RCI debits the remitter's account for the amount of their remittance.