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.
File/Ref. No. FSD IV-2024-12-0046k-FSD4-CL-MANOR Page 1 of 1 FSS Licensing Form No. 02-018 * Version 1 * Updated 31 July 2024 FINANCIAL SUPERVISION SECTOR | OFFICE OF THE DEPUTY GOVERNOR CIRCULAR LETTER NO. CL-2025-___ To : All BSP-Supervised Financial Institutions Subject : Merger of MANOR Bank – A Rural Bank Corp. (MANOR) and Rural Bank of Casiguran (Aurora), Inc., with MANOR as the Surviving Bank The Securities and Exchange Commission approved on 29 April 2025 the Articles and Plan of Merger executed on 11 September 2024, by and between MANOR Bank – A Rural Bank Corp. (MANOR), the surviving bank, and Rural Bank of Casiguran (Aurora), Inc. (CSIGU), the absorbed bank, whereby the entire assets and liabilities of CSIGU will be transferred to and absorbed by MANOR. The merger took effect on 2 June 2025. For information and guidance. CHUCHI G. FONACIER Deputy Governor 27 June 2025