Consolidation of Rang-ay Rural Bank (La Union), Inc. and Rural Bank of Burgos (Ilocos Sur), Inc. into Rang-ay Bank (A Rural Bank)

Bangko Sentral ng Pil ibinat

OFFICE OF THE DEPUTY GOVERNOR SUPERVISION AND EXAMINATION SECTOR

CIRCULAR LETTER NO. CL - 2006_010

To ALL BANKS AND NON-BANK FINANCIAL INSTITUTIONS

WITH QUASI-BANKING FUNCTIONS

Subject: Consolidation of Rang-ay Rural Bank (ta Union), inc. and Rural Bank .of Burgos (llocos Sur), Inc. into Rang-ay Bank

(A Rural Bank), Inc.

The Monetary Board, in its Resolution No. 1142 dated 26 August 2005

the Rurai Bank of Burgos (llocos Sur), Inc. to be known as Rang-ay Bank approved the consolidation of the Rang-ay Rural Bank (La Union), Inc. and

(A Rurai Bank), Inc

The certificate of filing of the articles and plan of consolidation was registered/approved by the Securities and Exchange Commission on 19 December 2005 while the certificate of authority to operate as a consolidated bank was signed/issued by the Governor on.10 January 2006.

For information and guidance.

08 IESTOR A. .ESPENILLA JR

Deputy Governorl

[5 June 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]