Merger by and among Export and Industry Bank, Inc., Urbancorp Investments, Inc. and Urban Bank, Inc.
CIRCULAR LETTER Series of 2002
TO : All Banks and Non-Bank Financial Intermediaries
The Securities and Exchange Commission (SEC) approved on January 31, 2002 the Articles and Plan of Merger by and among Export and Industry Bank, Inc. (Absorbed Corporation), Urbancorp Investments, Inc. (Absorbed Corporation) and Urban Bank, Inc. (Surviving Corporation) dated July 31, 2001, whereby the entire assets and liabilities of Export and Industry Bank, Inc. and Urbancorp Investments, Inc. will be transferred to and absorbed by Urban Bank, Inc. to be renamed Export and Industry Bank, Inc.
The merger took effect on February 1, 2002.
For your information and guidance.
ALBERTO V. REYES Deputy Governor
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