Approval by the Securities and Exchange Commission of the Plan of Agreement and Articles of Consolidation of One Network Rural Bank, Inc, and Rural Bank of New Corella (Davao del Norte), Inc. to be known as One Network Bank, Inc. (A Rural Bank)

BAN(}Ko SENTRAL Ne PILIPINAS OFFICE OF THE DEPUW GOVERNOR SUPERVISION AND EXAMINATION SECTOR CIRCULAR TETTER No. CL-2011- 069 To All Banks and Non-Bank Financial lnstitutions Under BSP Supervision Subject : Approval by the Securities and Exchange Commission of the Plan of Agreement and Articles of Consolidation of One Network Rural Bank, Inc, and Rural Bank of l\iew Corella (Davao det Norte!, Inc. to be known as One Network Bank, tnc. (A Rural Bank) The Securities and Exchange Commission approved on 14 July 2011 the Plan and Agreement and Articles of Consolidation of One Network Rural Bank, Inc. and Rural Bank of New Corella (Davao del Norte), Inc. to be known as One Network Bank, Inc. (A Rural Bank). Effective 1 September 2OLL, the banking activities and transactions of One Network Rural Bank, Inc. and Rural Bank of New Corella (Davao del Norte), Inc. have been consolidated under the corporate name One Network Bank, Inc. (A Rural Bank). For your information and guidance. isrb-n e.Blffiir 2p September 2011