Merger of Philippine Veterans Bank and Teachers Development Bank, Inc.
CIRCULAR LETTER Series of 2005
To: All banks and non-bank financial institutions with quasi-banking functions
Subject : Merger of Philippine Veterans Bank and Teachers Development Bank, Inc.
The Securities and Exchange Commission (SEC) approved on 24 June 2005 the Articles and Plan of Merger by and between Teachers Development [Bank, Inc. (absorbed Corporation) and Philippine Veterans Bank (Surviving Corporation) both dated 27 October 2004 whereby the entire assets and liabilities of Teachers Development Bank, Inc. will be transferred to and absorbed by Philippine Veterans Bank.
The merger took effect on 1 August 2005.
For information and guidance.
NESTOR A. ESPENILLA, JR. Deputy Governor
More in BSP Circular Letters
- Savings Consciousness Week - June 30 - July 6, 2004(BSP Circular Letter)
- Approved Applications for New Banking Offices and Opened/Re-opened Banking Offices during the 3rd Quarter of 2011(BSP Circular Letter No. CL-2012-005)
- ORIX Metro Leasing and Finance Corporation – Voluntary Surrender of Quasi-Banking License(BSP Circular Letter No. CL-2022-053)
- Publication/Posting of Balance Sheet (BS) and Consolidated Balance Sheet (CBS)(BSP Circular Letter No. CL-2021-029)
- Lost Bangko Sentral Registration Documents (BSRDs)(BSP Circular Letter No. CL-2014-006)
- Approved Applications for New Banking Offices and Opened Banking Offices During the 4th Quarter of 2022(BSP Circular Letter No. CL-2023-028)
- MB Resolution No. 1223.A dated 21 September 2023 Prohibition of the Rural Bank of Talisay (Cebu), Inc. From Doing Business in the Philippines(BSP Circular Letter No. CL-2023-050)
- Financial Action Task Force (FATF) Publications – 24 October 2025(BSP Circular Letter No. CL-2025-045)
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.