Conversion of Advantage Bank Corp. (A Microfinance-Oriented Rural Bank) into a Regular Rural Bank to be Known as Advance Credit Bank (A Rural Bank) Corp. (Formerly Advantage Bank Corp. — A Microfinance-Oriented Rural Bank)

Bangko Sentral ng Pilipinas

BSP Circular Letters

BSP Circular Letter No. CL-2020-006

January 10, 2020

BSP CIRCULAR LETTER NO. CL-2020-006

TO:All Banks and Non-Bank Financial Institutions
SUBJECT:Conversion of Advantage Bank Corp. (A Microfinance-Oriented Rural Bank) into a Regular Rural Bank to be Known as Advance Credit Bank (A Rural Bank) Corp. (Formerly Advantage Bank Corp. — A Microfinance-Oriented Rural Bank)

The Bangko Sentral ng Pilipinas approved the conversion of Advantage Bank Corp. (A Microfinance-Oriented Rural Bank) into a regular rural bank to be known as Advance Credit Bank (A Rural Bank) Corp. (Formerly Advantage Bank Corp. — A Microfinance-Oriented Rural Bank). The Amended Articles of Incorporation and Amended By-Laws of the Bank bearing its new corporate name were approved by the Securities and Exchange Commission on 9 December 2019.

For information and guidance.

(SGD.) CHUCHI G. FONACIER
Deputy Governor

AIC Grande Tower Garnet Road
Ortigas Center, Pasig City
Metro Manila Philippines

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