Merger of Land Bank of the Philippines and United Coconut Planters Bank

BANGKO SENTRAL NG PILIPINAS CIRCULAR LETTEFI NO. CL.2O22-O18 FI NANCIAL SUPERVISION SECTOR OFFICE OF THE DEPUW GOVERNOR To All BSP-Superuised Financial lnstitutions Subject Merger of Land Bank of the Philippines and United Coconut Planters Bank The Securities and Exchange Commission approved on 14 January 2022 the Articles and Plan of Merger, executed on 14 December 20.21, by and between, Land Bank of the Philippines (LBP), the surviving corporation, and United Coconut Planters Bank (UCPB), the absorbed corporation, whereby the entire assets and liabilities of UCPB will be transferred to and absorbed by LBP. The merger took effect on Ol March 2022. For information and guidance. Digitally signed by . Chuchi G. Fonacier Date:2022.03.02 14:30:32 +08'00' CHUCHI G. FONACIER Deputy Governor 02 March 2o22 Page l ofl FSS Licensing Form No. O2-Ol9'Vercion O'Updated 29 November 2O2l c ctr.