In 2014, Lucio Co became the largest shareholder of the Bank with the subscription to 181.080 million newly-issued common shares of the Bank, equivalent to 37.7% ownership, by Co's holding company PG Holdings, Inc. At P33 ($0.74*) per share, the transaction was worth P5.9 billion ($132.52 million). In addition, Co acquired the 59.2 million shares of ISM Communications Corporation in the Bank, also at P33 per share ($0.74). As a result, Co owns 49.99% of the Bank. Co is the chairman of the Bank's executive committee.