Purchase of Assets and Assumption of Liabilities of Rural Bank of Capalonga (Camarines Norte), Inc. (RBCAP) by the Rural Bank of Paracale (Camarines Norte), Inc. (PCALE), and RBCAP’s Surrender of its Banking License

File/Ref. No. FSDVII-2025-03-0115t-FSD7-PCALE FINANCIAL SUPERVISION SECTOR | OFFICE OF THE DEPUTY GOVERNOR CIRCULAR LETTER NO. CL-2026-______ 037 To : All BSP-Supervised Financial Institutions Subject : Purchase of Assets and Assumption of Liabilities of Rural Bank of Capalonga (Camarines Norte), Inc. (RBCAP) by the Rural Bank of Paracale (Camarines Norte), Inc. (PCALE), and RBCAP’s Surrender of its Banking License The Monetary Board, in its Resolution No. 389 dated 6 May 2026, approved the Purchase of Assets and Assumption of Liabilities (P&A) of Rural Bank of Capalonga (Camarines Norte), Inc. (RBCAP) by the Rural Bank of Paracale (Camarines Norte), Inc. (PCALE). PCALE completed the P&A transaction effective 17 July 2026. RBCAP ceased operations and surrendered its Certificate of Authority on 17 July 2026. For information and guidance. Digitally signed by Lyn I. Javier Date: 2026.08.06 13:33:07 +08'00' LYN I. JAVIER Deputy Governor __ 06 August 2026 FSS Licensing Form No. 02-018 * Version 1 * Updated 31 July 2024 Page 1 of 1 Classification: GENERAL