Revocation of First e-Bank Corp. Bank Licenses

and 0RO Entra 4 20

SUPERVISION AND EXAMINATION SECTOR OFFICE OF THE DEPUTY GOVERNOR

CIRCULAR LETTER

TO ALL BANKS/NBFIS UNDER THE SUPERVISIONOF BSP

SUBJECT REVOCATION OFFIRST C-BANKCORP.BANK LICENSES

liabilities of First e-Bank Corporation (A Thrift Bank) have been acquired by Banco de Oro Universal Bank. development bank, to engage in quasi banking and trust operations of the former are deemed automatically revoked. Effective the end of business day on 1s August 2003, selected assets and Accordingly the banking licenses to operate as a private

For information and guidance.

ALBERTO V REYES

Deputy Governor

Y 3 September 2003

MAG-IMPOK SA BANGKC

MAY. HLA,PILIPINAS 1004 - Tel No. 524-70-11 trunkline - URL.: www.bsp.gov.ph - e-mail: [email protected]