Merger Between Summit Bank (Rural Bank of Tublay, Inc.) and Rural Bank of Tumauini (Isabela), Inc.

BANGKo SeN.rnaL NG PILIPINAS OFFICE OF THE DEPUW GOVERNOR FINANCIAL SUPERVISION SECTOR ctRcurAR LETTER NO. CL-2019 - 007 TO Att BSP.SUPERVISED FINANCIAT INSTITUTIONS SUBJECT Merger Between Summit Bank (Rural Bank of Tublay, lnc.f and Rural Bank of Tumauini (lsabela), Inc. The Securities and Exchange Commission approved on 31 October 2018 the Articles and Plan of Merger executed by and between Summit Bank (Rural Bank of Tublay, Inc.) [SMMIT], the surviving corporation, and Rural Bank of Tumauini (lsabela), Inc. (TMAUI), the absorbed corporation, whereby the entire assets and liabilities of TMAUI will be transferred to and absorbed by SMMIT. SMMIT, the surviving bank, commenced operations as a merged rural bank on L November 20L8. For information and guidance. /1 Janvary 201.9 SES Licensing Form No. 04-024 ' Version 0 r Updated 25 Jan 2018 File/Ref No. FSDV-201901-0002b G2D6{L-SMMIT