Consolidation of the Maharlika Rural Bank of Sta. Cruz (Zambales), Inc. and the Rural Bank of Infanta (Pangasinan), Inc. to be known as the "Maharlika Rural Bank, Inc."
CIRCULAR LETTER Series of 2002
To: All Banks and Non-Bank Financial Institutions with Quasi-Banking Functions
The Monetary Board, in its Resolution No. 545 dated April 5, 2001, approved the consolidation of the Maharlika Rural Bank of sta. Cruz (Zambales), Inc. and the Rural Bank of Infanta (Pangasinan), Inc. to be knows as the "Maharlika Rural Bank, Inc.".
The Plan of Consolidation executed on March 23, 2000 and the Articles of Consolidation executed on February 12, 2001 were approved by the Securities and Exchange Commission on February 6, 2002. The Certificate of Authority to operate as a consolidate bank was signed by the Governor on February 26, 2002.
The constituent banks started operations as a consolidated bank on June 26, 2002.
NESTOR A. ESPENILLA, JR. Sector-in-Charge
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