Effective Date of Merger Between UCPB Savings Bank, Inc. (USB) and UCPB Rural Bank, Inc. (URB)
CIRCULAR LETTER Series of 2006
TO : All Bank and Non-Bank Financial Institutions with Quasi-Banking Functions Subject : Effective Date of Merger Between UCPB Savings Bank, Inc. (USB) and UCPB Rural Bank, Inc. (URB)
The Securities and Exchange Commission (SEC) approved on 5 January 2006 the Plan of Merger and Articles of Merger executed on 7 June 2005, by and between USB (Surviving Corporation) and URB (Absorbed Corporation), whereby the entire assets and liabilities of URB will be transferred to an absorbed by USB.
The merger took effect on 28 February 2006.
For information and guidance
NESTOR A. ESPENILLA, JR. Deputy Governor
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