Merger of Rural Bank of Mataas Na Kahoy (Batangas), Inc. and Rural Bank of Laurel (Batangas), Inc.
CIRCULAR LETTER Series of 2003
TO : All Banks and Non-Bank Financial Institutions with Quasi-Banking Functions
The Securities and Exchange Commission (SEC) approved on July 1, 2003 the Agreement and Articles and Plan of Merger executed on June 1, 2003 by and between the Rural Bank of Mataas Na Kahoy (Batangas), Inc. (Surviving Corporation) and the Rural Bank of Laurel (Batangas), Inc. (Absorbed Corporation), whereby the entire assets and liabilities of the Rural Bank of Laurel (Batangas), Inc. will be transferred to and absorbed by the Rural Bank of Mataas Na Kahoy (Batangas), Inc.
The merger took effect on July 1, 2003.
For information and guidance.
ALBERTO V. REYES Deputy Governor
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