Conversion of the First Provincial Development Bank from a thrift bank into a rural bank
Bangko Sentral ng binas
MEMORANDUM
SUPERVISION AND EXAMINATION SECTOR OFFICE OF THE DEPUTY GOVERNOR
CIRCULAR-LETTER Series of 2004
TO: ALL BANKS AND NON-BANK FINANCIAL INSTITUTIONS
WITH OUASI-BANKING FUNCTIONS
The Monetary Board, in its Resolution No. 131 dated 23 January 2003
approved the conversion of the First Provincial Development Bank from a thrift bank
into a rural bank, to be known as the "First Provincial Bank, Inc. (A Rural Bank".
The Certificate of Authority to operate as a rural bank was signed/issued by
the Governor on 15 April 2004.
For information and guidance.
ALBERTO V.REYES Deputy Governor
22 April 2004
MAG-IMPOK SA BANGKO 2d MAYNILA, PILIPINAS 1004 - Tel No. 524-70-11 trunkline - URL: www.bsp.gov.ph : e-mail: [email protected]
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