BSP Circular Letters BSP Circular Letter No. CL-2025-046BSP Circular Letter No. CL-2025-046 2025-11-13T00:00:00.000+08:00

Merger of Rural Bank of Rosario (La Union), Inc. (ROSLU) and Rural Bank of Agoo, Inc. with ROSLU as the Surviving Bank

OFFICE OF THE DEPUTY GOVERNOR FINANCIAL SUPERVISION SECTOR 046 CIRCULAR LETTER NO. CL-2025-__ To : All BSP-Supervised Financial Institutions Subject : Merger of Rural Bank of Rosario (La Union), Inc. (ROSLU) and Rural Bank of Agoo, Inc., with ROSLU as the Surviving Bank The Securities and Exchange Commission approved on 27 December 2024 the Articles of Merger and Plan of Merger executed on 19 December 2022, by and between Rural Bank Rosario (La Union), Inc. (ROSLU), the surviving bank, and Rural Bank of Agoo, Inc. (AGOO), the absorbed bank, whereby the entire assets and liabilities of AGOO will be transferred to and absorbed by ROSLU. The merger took effect on 27 December 2024. The Rural Bank of Rosario (La Union), Inc. commenced operations as a merged bank on 3 February 2025. For information and guidance. Digitally signed by Lyn I. Javier Date: 2025.11.13 LYN I. JAVIER 07:31:08 +08'00' Deputy Governor 13 November 2025 FSS Licensing Form No. 02-018 * Version 1 * Updated 31 July 2024

Open the source record ↗

More in BSP Circular Letters

Want an analysis of this document?

Ask ASG Legal AI to summarize it, compare it with other rulings, or explain how it applies to your situation — it researches from this same library.