PSE Circular for Brokers No. 2028-98
PSE Circular for Brokers No. 2028-98 • Philippine Stock Exchange • Circulars for Brokers • Sep 1, 1998
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September 1, 1998 PSE CIRCULAR FOR BROKERS NO. 2028-98 August 31, 1998 Philippine Stock Exchange Centre Exchange Road, Ortigas Center Pasig City Attention: Compliance Monitoring Division Gentlemen : We would like to announce that Rizal Commercial Banking Corporation (RCBC) has just concluded its acquisition arrangement with Capitol Development Bank, Inc. through the acquisition by RCBC Savings Bank, Inc., the wholly-owned thrift bank of RCBC of substantial assets of Capitol Bank in consideration for the assumption by RCBC Savings of all deposit liabilities of Capitol Bank effective September 1, 1998. cdlex Very truly yours (SGD.) MARLYN E. DUEAS Assistant Corporate Secretary
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