Regulatory Alerts2025-03-17
CL-2025-012: Merger of Zambales Rural Bank, Inc. and Bridgeway Rural Banking Corporation
The Bangko Sentral ng Pilipinas issued this circular to inform supervised financial institutions of the merger between Zambales Rural Bank, Inc. and Bridgeway Rural Banking Corporation. The Securities and Exchange Commission approved the transaction on 18 February 2025, with Zambales Rural Bank, Inc. designated as the surviving entity absorbing all assets and liabilities of Bridgeway Rural Banking Corporation. The merger officially took effect on 18 February 2025, and the merged bank commenced operations on 21 February 2025.
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