Merger of Sterling Bank of Asia, Inc. with Centennial Savings Bank, Inc.
BSP Circular Letter No. CL-2010-047 • Bangko Sentral ng Pilipinas • Circular Letters • Aug 3, 2010
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August 3, 2010 BSP CIRCULAR LETTER NO. CL-2010-047 TO : All Banks and Non-Bank Financial Institutions SUBJECT : Merger of Sterling Bank of Asia, Inc. with Centennial Savings Bank, Inc. The Securities and Exchange Commission approved on 28 June 2010 the Articles and Plan of Merger executed on 28 August 2009, by and between Sterling Bank of Asia, Inc. (SBAI), surviving corporation, and Centennial Savings Bank, Inc. (CENSB), absorbed corporation, whereby the entire assets and liabilities of CENSB will be transferred to and absorbed by SBAI. For information and guidance. (SGD.) NESTOR A. ESPENILLA, JR. Deputy Governor
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