BSP Circular Letters BSP Circular LetterBSP Circular Letter 2005-01-28T00:00:00.000+08:00
Merger of Equitable Savings Bank, Inc. and Mindanao Development Bank
CIRCULAR LETTER Series of 2005
TO: All Banks and Non Bank Financial Intermediaries
The Securities and Exchange Commission (SEC) approved on 29 December 2004 the merger of Equitable Savings Bank, Inc. (ESB - Surviving Corporation) and Mindanao Development Bank (MDB - Absorbed Corporation) whereby all assets and liabilities of MD6 will be transferred to and absorbed by ESB.
The merger took effect on 29 December 2004.
For your information and guidance.
ALBERTO V. REYES Deputy Governor
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