Merger of Enterprise Bank, Inc. (A Thrift Bank) [EBITB] and Rural Bank of Ronda, Inc. (RONDA)

EIANGKo SENrnaL No F'ILIPINAS OFFICE OF THE DEPUTY GOVERNOR FINANCIAL SUPERVISION SECTOR CIRCULAR LETTER NO. CL.zOzO. O29 To : All BSP-Supervised Financial Institutions Subject : Merger of Enterprise Bank, Inc. (A Thrift Bank) [EBITB] and Rural Bank of Ronda, Inc. (RONDA) The Securities and Exchange Commission approved on 25 February 2020 the: (a) Articles and Plan of Merger executed on 2 December and 2L October 20!6, respectively, and (b) Supplemental Articles and Plan of Merger executed on 22 July and 1- April 2OI9, respectively, by and between EBITB, the surviving corporation, and RONDA, the absorbed corporation, whereby the entire assets and liabilities of RONDA will be transferred to and absorbed by EBITB. EBITB will commence its operations as a merged thrift bank on L December 2020. For information and guidance. UCHI G. FONACIER Deputy Governor 30 June 2020 A. Mabini St., Malate 1004, Manila, Philippines (6321 8708-7701 wr.vw.bsp.sov.ph [email protected]