Regulatory Alerts2025-11-13
Merger of Rural Bank of Rosario (La Union), Inc. and Rural Bank of Agoo, Inc.
The Bangko Sentral ng Pilipinas issued Circular Letter CL-2025-046 to inform all supervised financial institutions of the merger between Rural Bank of Rosario (La Union), Inc. and Rural Bank of Agoo, Inc. The Securities and Exchange Commission approved the transaction on 27 December 2024, designating ROSLU as the surviving entity that absorbs all assets and liabilities of AGOO. The merger officially took effect on 27 December 2024, with ROSLU commencing operations as the merged bank on 3 February 2025.
Page 1 of 1 FSS Licensing Form No. 02-018 * Version 1 * Updated 31 July 2024 OFFICE OF THE DEPUTY GOVERNOR FINANCIAL SUPERVISION SECTOR CIRCULAR LETTER NO. CL-2025-__ To : All BSP-Supervised Financial Institutions Subject : Merger of Rural Bank of Rosario (La Union), Inc. (ROSLU) and Rural Bank of Agoo, Inc., with ROSLU as the Surviving Bank The Securities and Exchange Commission approved on 27 December 2024 the Articles of Merger and Plan of Merger executed on 19 December 2022, by and between Rural Bank Rosario (La Union), Inc. (ROSLU), the surviving bank, and Rural Bank of Agoo, Inc. (AGOO), the absorbed bank, whereby the entire assets and liabilities of AGOO will be transferred to and absorbed by ROSLU. The merger took effect on 27 December 2024. The Rural Bank of Rosario (La Union), Inc. commenced operations as a merged bank on 3 February 2025. For information and guidance. LYN I. JAVIER Deputy Governor 13 November 2025