PSE Circular for Brokers No. 2372-99

September 22, 1999 PSE CIRCULAR FOR BROKERS NO. 2372-99 SECURITIES AND EXCHANGE COMMISSION SEC FORM 11-C CURRENT REPORT UNDER SECTION 11 OF THE REVISED SECURITIES ACT (RSA) AND RSA RULE 11(a)-l(b)(3) THEREUNDER 1. September 21, 1999 Date of Report (Date of earliest event reported) 2. SEC Identification Number 5223 3. BIR TIN 230-000-453-086 4. EQUITABLE BANKING CORPORATION Exact name of registrant as specified in its charter 5. Metro, Manila 6. (SEC Use Only) Industry Classification Code: Province, country or other jurisdiction of incorporation 7. 262 Juan Luna Street, Binondo, Manila 1006 Address of principal office Postal Code cdlex 8. (632) 242-7101 Registrant's telephone number, including area code 9. Not Applicable Former name or former address, if changed since last report 10. Securities registered pursuant to Sections 4 and 8 of the RSA Number of Shares of Common Stock Title of Each Class Outstanding and Amount of Debt Outstanding Common Shares 346,385,500 11. Indicate the item numbers reported herein: Item 4 During the regular meeting of the Board of Directors of EBC on September 21, 1999, in connection with the reorganization of the members of the Board of Directors of EBC pursuant to its merger with Philippine Commercial International Bank (PCIB), the following directors of EBC tendered their resignation, which the board duly accepted: (a) Mr. Julius T. Limpe (b) Mr. Herminio B. Banico (c) Mr. Antonio Y. Tee (d) Mr. Edilberto V. Javier (e) Mr. Genevieve W.J. Go During the same board meeting, the following individuals were elected as replacement directors: (a) Mr. Horacio T. Templo (b) Mr. Rolando L. Macasaet (c) Leopoldo S. Veroy (d) Mr. Federico C. Pascual (e) Mr. Ferdinand Martin G. Romualdez The foregoing resignation and election of replacement directors shall take effect as of 22 September 1999. SIGNATURES Pursuant to the requirements of the Revised Securities Act, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. EQUITABLE BANKING CORPORATION Registrant By: (SGD.) ELMER B. SERRANO Officer-in-Charge Corporate Information Office