Consolidation of Rang-ay Rural Bank (La Union), Inc. and Rural Bank of Burgos (Ilocos Sur), Inc. into Rang-ay Bank (A Rural Bank)
CIRCULAR LETTER NO. CL-2006-010
To : All Banks and Non-Bank Financial Institutions with Quasi-Banking Functions
Subject : Consolidation of Rang-ay Rural Bank (La Union), Inc. and Rural Bank of Burgos (Ilocos Sur), Inc. into Rang-ay Bank (A Rural Bank)
The Monetary Board, in its Resolution No. 1142 dated 26 August 2005, approved the consolidation of the Rang-ay Rural Bank (La Union), Inc. and the Rural Bank of Burgos (Ilocos Sur), Inc. to be known as Rang-ay Bank (A Rural Bank), Inc.
The certificate of filing of the articles and plan of consolidation was registered/approved by the Securities and Exchange Commission on 19 December 2005 while the certificate of authority to operate as a consolidated bank was signed/issued by the Governor on 10 January 2006.
For information and guidance.
NESTOR A. ESPENILLA, JR. Deputy Governor
More in BSP Circular Letters
- Consolidation of the Network Rural Bank (Davao del Sur), Inc., Provident Rural Bank (North Cotobato), Inc. and the Rural Bank of Panabo (Davao del Norte), Inc.(BSP Circular Letter)
- Publication of Statement of Condition as of 26 March 2003 (Non-bank Financial Institutions with Quasi-Banking Functions)(BSP Circular Letter)
- Rural Bank of Ronda, Inc. (RB Ronda) - Establishment and Commencement of Operation(BSP Circular Letter No. CL-2012-009)
- Sectoral Risk Assessment (SRA)(BSP Circular Letter No. CL-2020-032)
- Anti-Money Laundering Council (AMLC) Regulatory Issuance (ARI) No. 4 – 2021 AMLC Registration and Reporting Guidelines (ARRG)(BSP Circular Letter No. CL-2021-056)
- Overseas Filipino Bank, Inc., A Digital Bank of LANDBANK – Conversion of Banking License from Thrift Bank to Digital Bank(BSP Circular Letter No. CL-2022-044)
- Surrender of License to Operate as an NSSLA of the Department of Economic Research Savings and Loan Association, Inc.(BSP Circular Letter No. CL-2022-070)
- Shinhan Bank Manila Branch - Establishment and Commencement of Operation(BSP Circular Letter No. CL-2015-066)
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.