PBCOM listed on the Manila and Makati Stock Exchanges (now the Philippine Stock Exchange) in 1988 and reached an agreement with Filinvest Land to develop its properties on Ayala Avenue. In May 1997, the property was developed into the 52-storey PBCom Tower, the bank's new headquarters and the tallest building in the Philippines. PBCOM relocated its original Cebu City branch in 1999 and celebrated its sixtieth anniversary in September 1999. 2.6 billion pesos of fresh capital was infused in 2000 and PBCOM subsequently acquired Consumer Savings Bank, a nineteen-branch savings bank. The bank moved into PBCOM Tower in 2001, occupying the first ten floors. Because of the move, PBCOM subsequently refreshed its image with a new logo.