Merger Between Philippine National Bank and Allied Banking Corporation
BSP Circular Letter No. CL-2013-009 • Bangko Sentral ng Pilipinas • Circular Letters • Feb 8, 2013
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February 8, 2013 BSP CIRCULAR LETTER NO. CL-2013-009 TO : All Banks and Non-Bank Financial Institutions SUBJECT : Merger Between Philippine National Bank and Allied Banking Corporation The Securities and Exchange Commission approved on 17 January 2013 the Amended Plan and Amended Articles of Merger executed on 8 March 2012 by and between Philippine National Bank (PNB), the surviving corporation, and Allied Banking Corporation (ABC), the absorbed corporation, whereby the entire assets and liabilities of ABC will be transferred to and absorbed by PNB. The merger shall take effect on 9 February 2013. For information and guidance. (SGD.) NESTOR A. ESPENILLA, JR. Deputy Governor
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