BSP Circular Letters BSP Circular LetterBSP Circular Letter 2003-09-23T00:00:00.000+08:00

Revocation of First e-Bank Corp. Bank Licenses

CIRCULAR LETTER Series of 2003

TO        :    All Banks/NBFIs Under the Supervision of the BSP

Subject : Revocation of First e-Bank Corp. Bank Licenses

Effective the end of business day on 15 August 2003, selected assets and liabilities of First e-Bank Corporation (A Thrift Bank) have been acquired by Banco de Oro Universal Bank.  Accordingly the banking licenses to operate as a private development bank, to engage in quasi banking and trust operations of the former are deemed automatically revoked.

For information and guidance.

ALBERTO V. REYES Deputy Governor

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