Regulatory Alerts2025-06-27
Merger of MANOR Bank and Rural Bank of Casiguran (Aurora), Inc., with MANOR as the Surviving Bank
The Bangko Sentral ng Pilipinas issued Circular Letter CL-2025-025 to notify supervised financial institutions of the merger between MANOR Bank and Rural Bank of Casiguran (Aurora), Inc. The Securities and Exchange Commission approved the transaction on April 29, 2025, designating MANOR as the surviving entity that absorbs all assets and liabilities of the absorbed bank. The merger officially took effect on June 2, 2025, and the circular serves as formal guidance for all BSP-supervised institutions.
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