Chairman of  Security Bank Corporation,Frederick Y. Dy has a net worth of $260 million according to Forbes Magazine. Security Bank Corporation is among top ten in private sector with a network of 132 branches. Frederick Dy also chairs City Industrial Corp..

Frederick Dy served as the Vice Chairman of St. Luke's Medical Center since 1996. In August 2011, Dy succeeded Robert F. Kuan who served as the chairman for 15 years, when he was elected as the Chairman.