Merger of Rural Bank of Mataas Na Kahoy (Batangas), Inc. and Rural Bank of Laurel (Batangas), Inc.

Bangko &ntral na nas

MEMORANDUM

SUPERVISION AND EXAMINATION SECTOR OFFICE OF THE DEPUtY GOVERNOR

CIRCULAR-LETTER Series of 2003

TO: ALL BANKS AnD NON-BANK FINANCiAL INStITUtiONS

WItH QUASI-BANKING FunCtiOnS

2003 the Agreement and Articles and Plan of Merger executed on June 1, Inc. (Surviving Corporation) and the Rural Bank of Laurel (Batangas), Rurai Bank of Laurei (Batangas), Inc. will be transferred to and absorbed 2000 by and between the Rural Bank of Mataas Na Kahoy (Batangas). Inc. (Absorbed Corporation), whereby the entire assets and iliabilities of the by the Rural Bank of Mataas Na Kahoy (Batangas), Inc. The Securities and Exchange Commission (SEC) approved on July 1,

The merger took effect on July 1, 2003. For infor'mation and guidance.

ALBeRTO Deputy Governor ReYeS

YO

MAG-IMPOK SA BANGKO

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