Effective date of merger between BPI and Prudential Bank
CIRCULAR LETTER Series of 2006
To: All Banks and Non-Bank Financial Intermediaries
Subject: Effective date of merger between BPI and Prudential Bank
The Securities and Exchange Commission (SEC) approved on 29 December 2005 the Plan of Merger and Articles of Merger executed on 14 November 2005, by and between the BANK OF THE PHILIPPINE ISLANDS (BPI - Surviving Corporation) and PRUDENTIAL BANK (Prudential - Absorbed Corporation), whereby the entire assets and liabilities of Prudential will be transfered to and absorbed by BPI.
The merger took effect on 29 December 2005.
For your information and guidance.
NESTOR A. ESPENILLA, JR. Deputy Governor
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