Merger by and between TA Bank of the Philippines, Inc. and ABN AMRO Savings Bank, Inc.

CIRCULAR LETTER Series of 2002

TO   :   All Banks and Non-Bank Financial Intermediaries

The Securities and Exchange Commission (SEC) approved on December 28, 2001 the Articles and Plan of Merger by and between TA Bank of the Philippines, Inc. (Absorbed Corporation) and ABN AMRO Savings Bank, Inc. (Surviving Corporation) dated September 27, 2001, whereby the entire assets and liabilities of TA Bank of the Philippines, Inc. (a commercial bank) will be transferred to and absorbed by ABN AMRO Savings Bank, Inc. to be renamed ABN AMRO Bank, Inc. (a commercial bank).

The merger took effect on March 1, 2002.

For your information and guidance.

For guidance.

ALBERTO V. REYES Deputy Governor