Merger of Bank of the Philippine Islands and BPI Family Savings Bank, Inc.
BSP Circular Letter No. CL-2021-105 • Bangko Sentral ng Pilipinas • Circular Letters • Dec 29, 2021
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December 29, 2021 BSP CIRCULAR LETTER NO. CL-2021-105 TO : All BSP-Supervised Financial Institutions SUBJECT : Merger of Bank of the Philippine Islands and BPI Family Savings Bank, Inc. The Securities and Exchange Commission approved on 21 December 2021 the Articles, Plan, and Supplemental Plan of Merger executed on 28 April 2021, 23 March 2021, and 9 December 2021, by and between, Bank of the Philippine Islands (BPI), the surviving corporation, and BPI Family Savings Bank, Inc. (BPIFB), the absorbed corporation, whereby the entire assets and liabilities of BPIFB will be transferred to and absorbed by BPI. The merger will take effect on 1 January 2022. For information and guidance. (SGD.) CHUCHI G. FONACIER Deputy Governor
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