BSP Circular Letters BSP Circular Letter No. CL-2021-002BSP Circular Letter No. CL-2021-002 2021-01-08T00:00:00.000+08:00

Consolidation of the Katipunan Bank Inc. “A Rural Bank” and Rural Bank of Siocon (Zamboanga del Norte), Inc. into a new rural bank to be known as Katipunan Banking Corporation “A Rural Bank”

OFFICE OF THE DEPUTY GOVERNOR FINANCIAL SUPERVISION SECTOR 002 CIRCULAR LETTER No. CL – 2021 – ____ To : All BSP-Supervised Financial Institutions Subject : Consolidation of the Katipunan Bank Inc. “A Rural Bank” and Rural Bank of Siocon (Zamboanga del Norte), Inc. into a new rural bank to be known as Katipunan Banking Corporation “A Rural Bank” The Securities and Exchange Commission approved on 26 February 2020 the Plan of Consolidation and Articles of Consolidation of Katipunan Bank Inc. “A Rural Bank” and Rural Bank of Siocon (Zamboanga del Norte), Inc. into a new rural bank to be known as Katipunan Banking Corporation “A Rural Bank”. The corresponding Certificate of Authority to Operate as a rural bank was issued by the Bangko Sentral ng Pilipinas on 22 December 2020. Katipunan Banking Corporation “A Rural Bank” started to operate as a consolidated entity on 01 January 2021. For information and guidance. Digitally signed by Chuchi G. Fonacier Date: 2021.01.08 14:20:17 +08'00' CHUCHI G. FONACIER Deputy Governor 08 January 2021

Open the source record ↗

More in BSP Circular Letters

Want an analysis of this document?

Ask ASG Legal AI to summarize it, compare it with other rulings, or explain how it applies to your situation — it researches from this same library.