Merger of Producers Savings Bank Corporation and Rural Bank of Cainta, Inc. with Producers Savings Bank Corporation as the Surviving Bank

January 15, 2016BSP CIRCULAR LETTER NO. CL-2016-006TO:All Banks and Non-Bank Financial Institutions   SUBJECT:Merger of Producers Savings Bank Corporation and Rural Bank of Cainta, Inc. with Producers Savings Bank Corporation as the Surviving Bank The Securities and Exchange Commission approved on 29 December 2015 the Plan and Agreement and Articles of Merger of Producers Savings Bank Corporation, the surviving corporation and Rural Bank of Cainta, Inc., the absorbed corporation, whereby the entire assets and liabilities of Rural Bank of Cainta, Inc. will be transferred to and absorbed by Producers Savings Bank Corporation. Producers Savings Bank Corporation, the surviving bank, commenced operations as a merged thrift bank on 29 December 2015.For information and guidance. EDCcaS(SGD.) NESTOR A. ESPENILLA, JR.Deputy Governor