PNB Savings Bank - Integration with Philippine National Bank and Conversion into a Holding Company under the name, “Allied Integrated Holdings, Inc.”

OFFICE OF THE DEPUTY GOVERNOR FINANCIAL SUPERVISION SECTOR CIRCULAR LETTER NO. CL – 2021 – 024 ___ To : All BSP-SUPERVISED FINANCIAL INSTITUTIONS Subject : PNB Savings Bank - Integration with Philippine National Bank and Conversion into a Holding Company under the name, “Allied Integrated Holdings, Inc.” The Securities and Exchange Commission approved on 23 February 2021 the Amended Articles of Incorporation and By-Laws of PNB Savings Bank (PNBSB), which provide, among others, the conversion of PNBSB into a holding company un- der the name “Allied Integrated Holdings, Inc. (AIHI).” The Monetary Board, in its Resolution No. 1572 dated 3 December 2020, approved the changes in the integration plans of Philippine National Bank and PNBSB, which include the latter’s conversion into a holding company under the new name AIHI. For information and guidance. Digitally signed by Chuchi G. Fonacier Date: 2021.03.24 14:11:47 +08'00' CHUCHI G. FONACIER Deputy Governor 24 March 2021 A. Mabini St., Malate 1004 Manila, Philippines • (632) 708-7701 • www.bsp.gov.ph • [email protected]