PNB Savings Bank-Integration with Philippine National Bank and Conversion into a Holding Company under the Name, "Allied Integrated Holdings, Inc."

March 24, 2021 BSP CIRCULAR LETTER NO. CL-2021-024 TO : All BSP-Supervised Financial Institutions SUBJECT : PNB Savings Bank-Integration with Philippine National Bank and Conversion into a Holding Company under the Name, "Allied Integrated Holdings, Inc." The Securities and Exchange Commission approved on 23 February 2021 the Amended Articles of Incorporation and By-Laws of PNB Savings Bank (PNBSB), which provide, among others, the conversion of PNBSB into a holding company under the name "Allied Integrated Holdings, Inc. (AIHI)." The Monetary Board, in its Resolution No. 1572 dated 3 December 2020, approved the changes in the integration plans of Philippine National Bank and PNBSB, which include the latter's conversion into a holding company under the new name AIHI. For information and guidance. (SGD.) CHUCHI G. FONACIER Deputy Governor