Merger of Bangko Pangasinan (A Rural Bank), Inc. and Rural Bank of Burgos (Pangasinan), Inc. with Bangko Pangasinan (A Rural Bank), Inc. as the Surviving Bank

OFFICE OF THE DEPUTY GOVERNOR SUPERVISION AND EXAMINATION SECTOR

CIRCULAR LETTER NO. CL - 2006 018

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

Subject Merger of Bangko Pangasinan (A Rural Bank), Inc. and Rural Bank of Burgos (Pangasinan), Inc. with Bangko

Pangasinan (A Rural Bank), Inc. as the Surviving Bank.

The Monetary Board, in its Resolution No. 1628 dated 04 November 2004, approved the merger of Bangko Pangasinan (A Rural Bank), Inc. and the Rural Bank of Burgos (Pangasinan), Inc. with Bangko Pangasinan (A Rural Bank), Inc. as the surviving bank.

21'-February 2006. The bank has commenced operations as merged registered/approved by the Securities and Exchange institution on 24 May 2006. The certificate of filing of the articles and plan of merger was Commission on

For information and guidance

/NESTOR X.ESPENILYA 0& C JR

Deputy Govermof

X_Juty 2006

PANANALAPING MATATAG, BANSANG PANATAG

A. Mabini St., Malate 1004 Manila. Philippines Trunkline (632) 524-70-11 URL:www.bsp.gov.ph e-mail: [email protected]