Regulatory Alerts2026-03-06
CL-2026-009: Purchase of Assets and Assumption of Liabilities of Rural Bank of Ibajay, Inc. by First Imperial Business Bank, Inc.
The Monetary Board approved the purchase of assets and assumption of liabilities of Rural Bank of Ibajay, Inc. by First Imperial Business Bank, Inc. under Resolution No. 1157 dated 27 November 2025. First Imperial Business Bank completed the transaction effective 05 January 2026, following the cessation of Rural Bank of Ibajay's operations on 31 December 2025. The Rural Bank of Ibajay surrendered its Certificate of Authority and its office was converted into a branch of First Imperial Business Bank.
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