Conversion of Guaga Savings Bank, Inc. from a thrift bank to a rural bank

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MAYNILA, PILIPINAS

SUPERVISION AND EXAMINATION SECTOR OFFICE OF THE DEPUTY GOVERNOR

CIRCULAR-LETTER

Series 2002

TO: ALL BANKS AND NON-BANK FINANCIAL INSTItUtIONS WItH QUASI-BANKInG FUNCTIONS

The Monetary Board, in its Resolution No. 320 dated February 22, 2001,

approved the conversion of the Guagua Savings Bank, Inc. from a thrift bank

into a rural bank, to be known as the "Guagua Savers Bank, A Rural Bank,

Inc."

The Certificate of Authority to operate as a rural bank was signed and issued by the Governor on August: 8, 2002

For information and guidance.

ALbErTo V4 REYES

Deputy Governor

MAG-IMFOK SA BANGKO