Merger by and between Bank of the Philippine Islands and Citytrust Banking Corporation
CIRCULAR LETTER Series of 1996
TO : All Banks and Non-Bank Financial Intermediaries
The Securities and Exchange Commission approved on October 4, 1996 the Plan of Merger and Articles of Merger executed on July 30, 1996 by and between the BANK OF THE PHILIPPINE ISLANDS (BPI — Surviving Corporation) and CITYTRUST BANKING CORPORATION (CityTrust — Absorbed Corporation), whereby the entire assets and liabilities of CityTrust will be transferred to and absorbed by BPI.
The merger took effect on October 4, 1996.
For your information and guidance.
ALBERTO V. REYES Deputy Governor
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