Merger of Philippine Business Bank, Inc. with Kabalikat Rural Bank, Inc.
BSP Circular Letter No. CL-2010-019 • Bangko Sentral ng Pilipinas • Circular Letters • Mar 23, 2010
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March 23, 2010 BSP CIRCULAR LETTER NO. CL-2010-019 TO : All Banks and Non-Bank Financial Institutions SUBJECT : Merger of Philippine Business Bank, Inc. with Kabalikat Rural Bank, Inc. The Securities and Exchange Commission approved on 3 March 2010 the Articles and Plan of Merger executed on 25 July 2008 and 21 May 2008, respectively, by and between Philippine Business Bank (PBB), surviving corporation, and Kabalikat Rural Bank, Inc. (KRBI), absorbed corporation, whereby the entire assets and liabilities of KRBI will be transferred to and absorbed by PBB. The approval took effect on March 3, 2010. For information and guidance. (SGD.) NESTOR A. ESPENILLA, JR. Deputy Governor
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