Merger Between First Imperial Business Bank, Inc. (A Rural Bank) [formerly RBG Imperial Bank, Inc. (A Rural Bank)] and First Midland Rural Bank, Inc. and Business and Consumers Bank (A Development Bank)

BANEKO SeNrnIL NG PIUIpINAS OFFICE OF THE DEPUTY GOVERNOR F!NANCIAL SUPERVISION SECTOR CIRCUTAR LETTER NO. C1.2019.O42 To : ALL BSP-SUPERVISED FINANCIAL INSTITUTIONS Subject : Merger Between First lmperial Business Bank, Inc. (A Rural Bank) [formerly RBG lmperial Bank, Inc. (A Rural Bankll and First Midland Rural Bank, Inc. and Business and Consumers Bank (A Development Bankf The Securities and Exchange Commission approved on 29 March 2019 the: (a) amended Articles of Incorporation and By-Laws of RBG lmperial Bank, Inc. (A Rural Bank) [RBGIB], which include, among others, the change in its corporate name to First lmperial Business Bank, Inc. (A Rural Bank) IFIBB]; and (b) Plan and Articles of Merger and Supplemental Plan and Articles of Merger executed by and between FIBB (Formerly: RBGIB), the surviving corporation, and First Midland Rural Bank, Inc. (FMID) and Business and Consumers Bank (A Development Bank) [BCBK], the absorbed corporations, whereby the entire assets and liabilities of FMID and BCBK will be transferred to and absorbed by FIBB. FIBB will commence its operations as a merged rural bank on 28 June 2019. For information and guidance. G. FONACIER tl June zotg T- A. Mabini St., Malate 1004 Manila, Philippines * (632) 7O8-77O1t www.bsp.gov.ph t [email protected]