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.
CIRCULAR LETTER Series of 2004
TO : All Banks and Non-Bank Financial Institutions with Quasi-Banking Functions
The Monetary Board, in its Resolution No. 1865 dated 22 December 2003, approved the 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. to be known as the ‘One Network Rural Bank, Inc.”.
The Certificate of Filing of the Articles and Plan of Consolidation was registered/approved by the Securities and Exchange Commission on 12 March 2004 while the Certificate of Authority to operate as a consolidated bank was signed/issued by the Governor on 23 March 2004.
The constituent banks started operation as a consolidated bank on 1 April 2004.
ALBERTO V. REYES Deputy Governor
More in BSP Circular Letters
- 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)
- Savings Consciousness Week(BSP Circular Letter No. CL-2007-029)
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.