Regulatory Alerts2025-02-21
CL-2025-010: Banco Rural De Isla Cordova (Cebu), Inc. – Change of Corporate Name to BRIC Bank, Inc. A Rural Bank
The Bangko Sentral ng Pilipinas issued this circular to inform supervised financial institutions of the approved name change for Banco Rural De Isla Cordova (Cebu), Inc. to BRIC Bank, Inc. A Rural Bank. The Securities Exchange Commission approved the Amended Articles of Incorporation reflecting this new corporate name on 08 January 2025. This action follows the initial authorization granted by the central bank on 17 January 2022.
File/Ref. No. FSD VII-2025-02-0018-FSD7_M-CRDVA 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 : Banco Rural De Isla Cordova (Cebu), Inc. - Change of Corporate Name to BRIC Bank, Inc. A Rural Bank The Bangko Sentral ng Pilipinas authorized on 17 January 2022 the change of name of Banco Rural De Isla Cordova (Cebu), Inc. to BRIC Bank, Inc. A Rural Bank. The Securities Exchange Commission approved on 08 January 2025 the Amended Articles of Incorporation bearing its new corporate name. For information and guidance. CHUCHI G. FONACIER Deputy Governor 21 February 2025