BSP Circular Letters BSP Circular Letter No. CL-2009-005BSP Circular Letter No. CL-2009-005 2009-01-20T00:00:00.000+08:00

Consolidation of Lipa Public Bank, Inc. (A Rural Bank) and Rural Bank of Mataas na Kahoy, Inc.into Mt. Carmel Bank, Inc. (A Rural Bank)

CIRCULAR LETTER NO. CL-2009-005

TO: All Banks and Non-Bank Financial Institutions SUBJECT: Consolidation of Lipa Public Bank, Inc. (A Rural Bank) and Rural Bank of Mataas na Kahoy, Inc.into Mt. Carmel Bank, Inc. (A Rural Bank)

The Securities and Exchange Commission registered on 06 October 2008 the consolidation of Lipa Public Bank, Inc. (A Rural Bank) and Rural Bank of Mataas na Kahoy, Inc. The Banks started operating as Mt. Carmel Rural Bank, Inc. on 05 January 2009.

For information and guidance.

NESTOR A. ESPENILLA, JR. Deputy Governor

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