Merger of the Sugbuanon Rural Bank, Inc., Rural Bank of Bantayan, Inc. and Rural Bank of Pinamungajan, Inc.

Ban ko Sentral ng Pil tinae

SUPERVISION AND EXAMINATION SECTOR OFFICE OF THE DEPUTY GOVERNOR

CIRCULAR LETTER NO. CL- 2006 - 041

To AlI BANKS AND NON-BANK FINANCIAL INSTITUTIONS WITH QUASI-BANKING FUNCTIONS

Subject Merger of the Sugbuanon Rural Bank, inc., Rurai Bank of Bantayan, Inc: and Rurat Bank of Pinamungajan, Inc.

The Monetary Board, in its Resolution No. 1147 dated 12 August 2004 approved the merger of the Sugbuanon Rural Bank, fnc., Rurai Bank of Bantayan, inc. and Rural Bank of Pinamungajan, Inc. with the Sugbuanon Rural. Bank, inc. as the surviving bank.

registered/approved by the Securities and Exchange Commission on The certificate of filing of the articles and pian of merger was

02 October 2006.

For information and guidance.

20 NESTOR A. E SPENILLA/R Deputy Governo

J3. November 2006

PANANALAPiNG MATATAG, BANSANG PANAtAG

A. Mabini St., Maiate 1004 Manila, Philippines Trunkline {632} 524-70-11 URL:www.bsp.gov,ph e-mai: [email protected]