Incorporated in 1981, Metro opened its first department store and supermarket in 1982. Its inception was through the vision of the late Sir Victor Gaisano, a seasoned retailer and one of the revered members of the Gaisano family.

The Gaisanos owned and managed the former White Gold Department Store, the first department store and supermarket business in Cebu. White Gold lasted for 30 years and became the largest of its kind since its establishment in 1949. With the help of his wife, Sally Gaisano, and four children — Margaret, Jack, Edward and Frank, Victor Gaisano envisioned a department store and supermarket that will offer quality and a variety of merchandise in a friendly atmosphere and at prices that are highly competitive and reasonable.

VICSAL’s new business venture assists private and public corporations in increasing capitalization. Incorporated in August 31, 2007, Vicsal Investment, Inc. performs the three functions of an investment house — underwriting securities for companies, brokering treasury notes, and brokering equities.

The company also provides strategic advisory services for mergers, acquisitions, and other types of financial transactions. Other services include Fixed Income Investments, Equities Trading, and Corporate Finance.

Established in 1966, WealthBank is now majority owned by the Vicsal Development Corporation with equity participation of the Development Bank of the Philippines (DBP) and Land Bank of the Philippines (LBP).

WealthBank now has a network of 11 branches in major cities of the southern and central parts of the country. The Bank’s strong commitment to prompt and speedy response to financial needs specifically appealed to the small and medium enterprises sector, the bank’s core clientele.

WealthBank aims to become one of the most respected financial institutions in the country, and to be ranked (in terms of total resources, networth and profitability) among the top 20 development banks with resource of P3.0 Billion and with a network of 15 branches by the end of 2010.