PSE Circular for Brokers No. 557-98

March 31, 1998 PSE CIRCULAR FOR BROKERS NO. 557-98 SECURITIES AND EXCHANGE COMMISSION SEC FORM 11-C CURRENT REPORT UNDER SECTION 11 OF ME REVISED SECURITIES ACT (RSA) AND RSA RULE 11(a)-1(b)(3) THEREUNDER 1. Date of Report: March 31, 1998 2. SEC Identification No.: 6893 3. BIR Tax Identification No.: 000-532-432 4. Name of registrant: PRUDENTIAL BANK 5. Jurisdiction of incorporation or organization: Makati City 6. Industry Classification Code: [ ] (SEC. use only) 7. Address of principal office: 6787 Ayala Avenue, Makati City 8. Telephone number/(area code): (632)812-7558, (632)817-8981 9. Former name, former address, and former fiscal year, if changed since last report: Not applicable 10. Securities registered pursuant to Sections 4 and 8 of the RSA. (The securities, being those of a banking institution, are exempt from registration pursuant to Sec. 5 of the RSA.) Title of Each Class No. of Shs. of Common Stock Outstanding and Amount of Debt Outstanding Common Stock 3,654,742 shares Preferred Class "A" 749,718 shares Preferred Class "B" 750,000 shares 11. Item number/s reported: 4 Item 4. Resignation, Removal or Election of Registrant's Directors or Officers APPOINTMENT OF EXECUTIVE OFFICERS Alfonso K. de Dios, Rolando B. Gutierrez and Alberto V. Lim, were all promoted to Vice Presidents of the Bank during its Board meeting on March 18, 1998. llcd SIGNATURE 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. PRUDENTIAL BANK By: (SGD.) LAURO J. JOCSON Vice President and Trust Officer EXCERPTS FROM THE MINUTES OF THE MEETING OF THE BOARD OF DIRECTORS OF PRUDENTIAL BANK HELD ON MARCH 18, 1998 . . . Resolution No. 18-00-98 Personnel Movement Order No. 98-053 dated March 5, 1998, regarding the following promotions, redesignations, and transfers to take effect immediately: cdpr 1. Manolo A. Hilario, Vice President, Accounting Department is hereby transferred to Treasury Department as Vice President and Treasurer; 2. Alfonso K. de Dios, Senior Assistant Vice President, Cash Department is hereby promoted to Vice President and Auditor and concurrently as Compliance Officer; 3. Rolando B. Gutierrez, Senior Assistant Vice President, Novaliches Branch is hereby promoted to Vice President, Accounting Department; 4. Alberto V. Lim, Senior Assistant Vice President, Foreign Department is hereby promoted to Vice President, same department; 5. Rene S. Alonso, Assistant Vice President and Branch Manager, Buendia Branch is hereby promoted to Senior Assistant Vice President, Cash Department. Approved. xxx xxx xxx CERTIFIED TRUE AND CORRECT: (SGD.) HORACIO K. G. SANTOS, JR. Vice President and Acting Corporate Secretary