In a circular letter posted by the Bangko Sentral ng Pilipinas, the BSP said the Securities and Exchange Commission has approved the merger between Producers Savings Bank Corp. (PROSB) and Community Rural Bank of San Felipe (Zambales) Inc. (CSNFE).
The decision was finalized on Oct. 30 and consolidated the two entities, with PROSB as the surviving corporation. The Articles and Plan of Merger were executed on Jan. 30 and Feb. 15, respectively.
Under the agreement, all assets and liabilities of CSNFE will be absorbed by PROSB, bolstering its capacity to serve rural communities.
Diese Geschichte stammt aus der November 29, 2024-Ausgabe von The Philippine Star.
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Diese Geschichte stammt aus der November 29, 2024-Ausgabe von The Philippine Star.
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