April 21, 2017
BSP CIRCULAR LETTER NO. CL-2017-028
| TO | : | All Banks and Non-Bank Financial Institutions |
| SUBJECT | : | Merger between Dumaguete City Development Bank, Inc. and Rural Bank of Sibulan (Negros Oriental), Inc. |
The Securities and Exchange Commission approved on 4 April 2017 the Plan of Merger and Articles of Merger executed by and between Dumaguete City Development Bank, Inc. (DCDB), the surviving corporation, and Rural Bank of Sibulan (Negros Oriental), Inc. (SBULN), the absorbed corporation, whereby the entire assets and liabilities of SBULN will be transferred to and absorbed by DCDB. HEITAD
The effective date of the merger was on 4 April 2017.
For information and guidance.
(SGD.) RESTITUTO C. CRUZ
Sector-in-Charge
