UnionBank and FirstLife Seal Cash Management Solutions Agreement
UnionBank and FirstLife Financial Co., Inc. recently signed the memorandum of agreement for the disbursement and collection services that will be provided by the bank. Team UnionBank has successfully piloted the customized Corporate Check Writer and Expanded Check Collections for the insurance company.
The bank’s business relationship with First Life started way back in the 1990s when UnionBank was accredited by the company as a ROSS dealer (buying and selling of government securities through the Bank). UnionBank is also its transacting bank for the Bureau of Internal Revenue (BIR).
The Coyiuto Group of Companies is behind FirstLife Financial Co., Inc., its life insurance arm. This complements the Group’s Prudential Guarantee and Assurance Inc., its non-life business venture. The Coyiutos are also engaged in general insurance, car dealership, stock brokerage and travel services. Over the years, First Life has been providing clients with unique service that puts in its reputation and tradition of excellence.
(Upper row, L-R): UnionBank Customer Market Segment Head Jaypee Soliman, UnionBank Relationship Manager Mike Ibarra, UnionBank Cash Solutions Manager Riss Gonzaga, UnionBank Sales Director Nicky Lacson, FirstLife Financial Adviser Ester Sy, FirstLife Finance Head Bella Ochoa, UnionBank EVP Joyce S. Gonzales, UnionBank SVP John Cary L. Ong, UnionBank AVP Maan Benedicto, and UnionBank Relationship Manager JC Ibarra
(Lower row, L-R): UnionBank President and COO Edwin R. Bautista, FirstLife EVP Jaime Santiago, FirstLife President and CEO Peter Coyiuto, UnionBank Chairman and CEO Justo A. Ortiz, and UnionBank SEVP Eugene S. Acevedo