Conversion of Advantage Bank Corp. (A Microfinance-Oriented Rural Bank) into a Regular Rural Bank to be known as Advance Credit Bank (A Rural Bank) Corp. (Formerly Advantage Bank Corp. - A Microfinance-Oriented Rural Bank)

BANGKo SENTnaL N(i PILIPINAS OFFICE OF THE DEPUTY GOVERNOR FINANCIAL SUPERVISION SECTOR CIRCULAR LETTER NO. CL - 2O2O - 006 To : ALL BANKS AND NON-BANK FINANCIAI INSTITUTIONS Subject : Conversion of Advantage Bank Corp. {A Microfinance-Oriented Rural Bank| into a Regular Rural Bank to be known as Advance Credit Bank (A Rural Bank) Corp. (Formerly Advantage Eank Corp. - A Microfinance- Oriented Rural Bank) The Bangko Sentral ng Pilipinas approved the conversion of Advantage Bank Corp. {A Microfinance-Oriented Rural Bank) into a regular rural bank to be known as Advance Credit Bank (A Rural Bank) Corp. (Formerly Advantage Bank Corp. - A Microfinance-Oriented Rural Bank). The Amended Articles of Incorporation and Amended By-Laws of the Bank bearing its new corporate name were approved by the Securities and Exchange Commission on 9 December 20t9. For information and guidance. -q--- FONACIER f (l January 2o2o