Merger of Camalig Bank, Inc. (A Rural Bank) [CBIRB] and Municipal Rural Bank of Nabua (Camarines Sur), Inc. [MNAB], with CBIRB as the Surviving Bank

OFFICE OF THE DEPUTY GOVERNOR | FINANCIAL SUPERVISION SECTOR 052 CIRCULAR LETTER NO. CL-2023-___ To : All BSP-Supervised Financial Institutions Subject : Merger of Camalig Bank, Inc. (A Rural Bank) [CBIRB] and Municipal Rural Bank of Nabua (Camarines Sur), Inc. [MNAB], with CBIRB as the Surviving Bank The Securities and Exchange Commission approved on 11 September 2023 the Articles and Plan of Merger executed on 27 March 2023, by and between CBIRB, the surviving corporation, and MNAB, the absorbed corporation, whereby the entire assets and liabilities of MNAB will be transferred to and absorbed by CBIRB. The merger took effect on 01 October 2023. For information and guidance. Digitally signed by Chuchi G. Fonacier Date: 2023.10.05 12:58:27 +08'00' CHUCHI G. FONACIER Deputy Governor 05 October 2023 FSS Licensing Form No. 02-019 * Version 0 * Updated 10 June 2022