Consolidation of the Rural Bank of Kapatagan Valley and Rural Bank of Sinacaban


CIRCULAR LETTER
Series of 2005


TO : All Banks and Non-Bank Financial Institutions with Quasi-Banking Functions

Subject : Consolidation of the Rural Bank of Kapatagan Valley (Lanao del Norte), Inc. and the Rural Bank of Sinacaban (MIsamis Occidental), Inc. to be known as the "1st Valley Bank, Inc., A Rural Bank"

The Monetary Board, in its Resolution No. 12 dated 10 March 2005, approved the consolidation of the Rural Bank of Kapatagan Valley (Lanao del Norte), Inc. and the Rural Bank of Sinacaban (Misamis Occidental), Inc. to be known as the "1st Valley Bank, Inc., A Rural Bank."

The Certificate of Filing of the Articles and Plan of Consolidation and the Certificate of Incorporation were registered/approved by the Securities and Exchange Commission on 30 August 2005 while the Certificate of Authority to operate as a consolidated bank was signed/issued by the Governor on 21 September 2005.

NESTOR A. ESPENILLA, JR.
Deputy Governor

19 October 2005






Circular Letters/Memoranda
Speeches/ Presentations
Photo Gallery
The 2008 RBAP Charter Symposium
2008 CFI Awards
Rural Banking Week Celebration Golf Tournament
Client Satisfaction Survey for Licensing Management System of the Supervision and Examination Sector
Financial Reporting Package 2008
BSP releases regulations on liquidity, market risk weighting
Comments on BSP’s Reducing Restrictions on Bank Branching
35 RB Directors Completed Corporate Governance & Risk Management Course
27th Corporate Governance & Risk Management Seminar-Workshop Commends 29 RB Directors