RegAlert2026-09-20
Added
Merger of BPI Direct BanKo, Inc. and Legazpi Savings Bank, Inc., with BPIDB as Surviving Bank
The Securities and Exchange Commission approved the Articles of Merger and Plan of Merger executed between BPI Direct BanKo, Inc. (BPIDB) and Legazpi Savings Bank, Inc. (LGPSB) on 24 July 2026. The entire assets and liabilities of LGPSB are transferred to and absorbed by BPIDB, which serves as the surviving corporation. The merger becomes effective on 01 October 2026.
BSP published 6 documents in the last 30 days — get each new one by email the day it lands.
FINANCIAL SUPERVISION SECTOR | OFFICE OF THE DEPUTY GOVERNOR CIRCULAR LETTER NO. CL-2026-___ To : All BSP-Supervised Financial Institutions Subject : Merger of BPI Direct BanKo, Inc., A Savings Bank (BPIDB) and Legazpi Savings Bank, Inc., with BPIDB as the Surviving Bank The Securities and Exchange Commission approved on 24 July 2026 the Articles of Merger and Plan of Merger (POM) executed on 23 January 2026, and re-executed on 04 May 2026, respectively, and the Supplemental POM executed on 04 March 2026, by and between, BPIDB, the Surviving Corporation, and Legazpi Savings Bank, Inc. (LGPSB), the Absorbed Corporation. The entire assets and liabilities of LGPSB will be transferred to and absorbed by BPIDB. The merger shall become effective on 01 October 2026. For information and guidance.
LYN I. JAVIER
Deputy Governor
20 September 2026
Note from RegAlert. AI assistants can read this document in full, and search 70,000+ more, through the RegAlert MCP connector (https://mcp.regalert.today/mcp). Free with an account. How to connect ChatGPT, Claude or Cursor.
Similar documents from other regulators
OFILouisiana Office of Financial Institutions Monthly Bulletin June 2025Louisiana · 2025-06-01
SHCPOfficial Letter Authorizing the Merger of Banco Interacciones, S.A., Multiple Banking Institution, Financial Group Interactions, as the Surviving Entity, and Marina Capital, S.A., as the Merged EntityMexico · 2016-08-17
CBNRevised Procedures Manual for Processing Application for Bank Mergers/TakeoversNigeria · 2005-03-30
Source: Bangko Sentral ng Pilipinas — original document · Summary generated with machine assistance and reviewed before publication; the authoritative text is the regulator's original document. How RegAlert works
More like this from BSP
BSP published 6 documents in the last 30 days. We email you each new one the day it's published.