Merger of Malarayat Rural Bank, Inc. (MLRYT) and Rural Bank of Talisay (Batangas), Inc. (TLSYB), with MLRYT as the Surviving Bank
BSP Circular Letter No. CL-2021-066 • Bangko Sentral ng Pilipinas • Circular Letters • Aug 17, 2021
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August 17, 2021 BSP CIRCULAR LETTER NO. CL-2021-066 TO : All BSP-Supervised Financial Institutions SUBJECT : Merger of Malarayat Rural Bank, Inc. (MLRYT) and Rural Bank of Talisay (Batangas), Inc. (TLSYB), with MLRYT as the Surviving Bank The Securities and Exchange Commission approved on 04 August 2021 the Articles and Plan of Merger executed by and between MLRYT, the surviving corporation, and TLSYB, the absorbed corporation, whereby the entire assets and liabilities of TLSYB will be transferred to and absorbed by MLRYT. MLRYT will commence its operations as a merged bank on 01 October 2021. For information and guidance. (SGD.) CHUCHI G. FONACIER Deputy Governor
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