BSP Circular Letters BSP Circular Letter No. CL08142003BSP Circular Letter No. CL08142003 2003-08-14T00:00:00.000+08:00

Merger of East West Banking Corporation and Ecology Savings Bank, Inc.

CIRCULAR LETTER Series of 2003

TO: ALL BANKS AND NON BANK FINANCIAL INTERMEDIARIES

The Securities and Exchange Commission (SEC) approved on August 6, 2003 the merger of East West Banking Corporation (EWBC - Surviving Corporation) and Ecology Savings Bank, Inc. (ESBI - Absorbed Corporation) whereby some assets and liabilities of ESBI will be transferred to and absorbed by EWBC.

The merger took effect on August 6, 2003.

For your information and guidance.

ALBERTO V. REYES Deputy Governor

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