BSP Circular Letter
BSP Circular Letter • Bangko Sentral ng Pilipinas • Circular Letters (Unnumbered) • Jan 28, 2005
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January 28, 2005 BSP CIRCULAR LETTER TO : All Banks and Non Bank Financial Intermediaries The Securities and Exchange Commission (SEC) approved on 29 December 2004 the merger of Equitable Savings Bank, Inc. (ESB Surviving Corporation) and Mindanao Development Bank (MDB Absorbed Corporation) whereby all assets and liabilities of MDB will be transferred to and absorbed by ESB. The merger took effect on 29 December 2004. For your information and guidance. DaTICc (SGD.) ALBERTO V. REYES Deputy Governor
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