Conversion of Cabanatuan City Development Bank from a thrift bank into a rural bank, to be known as Millennium Bank, Inc., A Rural Bank

Bangk entral ng inas

MAYNILA, PILIPINAS

SUPERVISION AND EXAMINATION SECTOR OFFICE OF tHE DEPUTY GOVERNOr

CIRCULAR-LETTER

Series 2002

To: All BAnKS ANd non-BAnk FInAnciAl InStitutionS WItH QUASI-BANKIng FunCtIOnS

The Monetary Board, in its Resolution No. 1369 dated August 30, 2001,

approved the conversion of the Cabanatuan City Development Bank from a thrift

bank into a rura! bank, to be known as the "Millennium Bank, Inc., A Rural

Bank".

The Certificate of Authority to operate as a rural bank was signed and

issued by the Officer-in-Charge on September 27, 2002.

For information and guidance.

ALBERT REYES

Deputy Governor

14 Ock 200 2

MAG-IMPOK SA BANGKO Q