ANICETA B.

JULIA AC52

For each of the transaction in the link, identify whether it is:

1. Acquisition of net assets- merger
2. Acquisition of net assets- consolidation
3. Acquisition of majority voting common stocks

Dumaguete City Development Bank, Inc. has merged with Rural Bank of Sibulan (Negros
Oriental), Inc., with DCDB as the surviving bank. Approved by the SEC on April 4, 2017.
Acquisition of net assets- merger

BPI Direct Savings Bank Inc. has merged with BPI Globe BanKO Inc., A Savings Bank to
form BPI Direct BanKO Inc., A Savings Bank. Effective date of merger was December 29,
2016.
Acquisition of majority voting common stocks

The proposed merger between state-owned banks Landbank and Development Bank of the
Philippines (DBP) was approved by President Aquino on February 4, 2016 through Executive
Order No. 198. The merger is subject to approval by the BSP, according to BSP Deputy
Governor Nestor Espenilla Jr.
Acquisition of net assets- merger

Producers Savings Bank Corp. has acquired Rural Bank of Cainta Inc. Approved by the SEC
on December 29, 2015. Producers Savings Bank started operating as a merged bank on
December 29, 2015.
Acquisition of net assets- merger

China Savings Bank has acquired Planters Development Bank on December 17, 2015.
Approved by the SEC on December 17, 2015. Announced in a circular by the BSP on
February 10, 2016.
Acquisition of net assets- merger

Philippine Business Bank, one of the country's biggest savings banks, has acquired Insular
Savers Bank Inc., the rural bank that arose from the merger of Insular Rural Bank Inc. and
Filipino Savers Bank Inc. (A Rural Bank). Acquisition completed on June 30, 2015. With
Insular's 8 branches, the acquisition increased PBB's total number of branches to 134.
Acquisition of majority voting common stocks

Insular Rural Bank Inc. and Filipino Savers Bank Inc. (A Rural Bank) have merged to become
a consolidated rural bank named Insular Savers Bank Inc. (A Rural Bank). Insular Savers
started operating as a rural bank on June 1, 2015.
Acquisition of net assets - consolidation

Rural Bank of Tanza (Cavite), Inc., also known as Bangko Mabuhay, and the Rural Bank of
Teresa (Rizal), Inc. merged to form a new rural bank named Bangko Mabuhay (A Rural
Bank), Inc. Merger was approved by the BSP on March 23, 2015. Bangko Mabuhay started
operating as a consolidated rural bank on April 1, 2015.
Acquisition of net assets- merger
ANICETA B. JULIA AC52

BDO Unibank has signed an agreement to acquire One Network Bank Inc., the largest rural
bank in Mindanao, subject to closing conditions and regulatory approvals. (December 2014)
Acquisition of net assets- merger

China Banking Corp. is set to complete its acquisition of Planters Development Bank in
August 2014. Acquisition plan approved by the BSP in December 2013.
Acquisition of net assets- merger

Network Consolidated Cooperative Bank was formed from the consolidation of these 6
cooperative banks on September 8, 2014: Cooperative Bank of Agusan del Sur, Capiz Settlers
Cooperative Rural Bank, Inc., Cooperative Bank of Camarines Norte, Cooperative Bank of
Leyte, Sorsogon Provincial Cooperative, and Southern Leyte Cooperative Bank. (Source:
Status Report on the Philippine Financial System, Dec 2014)
Acquisition of net assets - consolidation

BDO Unibank signed a deal to acquire The Real Bank (A Thrift Bank) in June 2014.
Acquisition completed in August 2014 (Status Report, Dec 2014).
Acquisition of net assets- merger

Bridge Philippines Investments has acquired a 34-percent equity in 1st Valley Bank, a rural
bank headquartered in Lanao del Norte that became a thrift bank in August 2013. Bridge
Philippines is incorporated in Singapore.
Acquisition of majority voting common stocks

Philippine Bank of Communications (PBCOM) has signed an agreement in March 2014 to

buy a controlling stake in Banco Dipolog, which has 13 branches in Northern Zamboanga.
Acquisition of majority voting common stocks

Philippine Bank of Communications (PBCOM) has acquired Rural Bank of Nagcarlan in

March 2014. The rural bank has 6 branches, which are in Nagcarlan, Binan, Cabuyao,
Calamba, Los Banos and San Pablo. Acquisition has been approved by the BSP.
Acquisition of majority voting common stocks

BDO Unibank acquired Citibank Savings Bank in March 2014. Acquired Citibank Savings
Bank will be renamed Banco de Oro Savings Bank.
Acquisition of net assets - consolidation

East West Banking Corp. acquired Green Bank, A Rural Bank. Merger approved by the SEC
on June 5, 2014; effective July 31, 2014
Acquisition of net assets- merger

China Bank Savings Inc. acquired Unity Bank, A Rural Bank Inc. Merger approved by the
SEC on January 20, 2014; announced by the BSP on February 12, 2014.
Acquisition of net assets- merger
ANICETA B. JULIA AC52

Bank of Florida Inc., A Rural Bank and Bank of Lubao Inc., A Rural Bank, merged to operate
under the name BOF Inc., A Rural Bank. (Effective January 2, 2014, BSP)
Acquisition of net assets- merger

Malaysian firm Duclos SDN BHD invested in Palawan Bank (Palawan DB), Inc. (24.6
common shares and 100 preferred shares) (Status Report, Dec 2014)
Acquisition of majority voting common stocks

American investors Eleazar B. Sagun and Rizal C. Suelen invested in Malasiqui Progressive
SLB (27.7 common shares)
Acquisition of majority voting common stocks

Singapore-incorporated Bridge Philippines Investments invested in Sugbuanon Rural Bank,

Inc. (40.0 common shares)
Acquisition of majority voting common stocks

Producers Savings Bank Corp. acquired Iloilo City Development Bank. Merger approved by
the SEC on October 31, 2013; announced by the BSP on November 18, 2013.
Acquisition of majority voting common stocks

One Network Bank Inc. (A Rural Bank) acquired Rural Bank of San Enrique (Iloilo) Inc.,
doing business as Banco San Enrique (A Rural Bank). Merger approved by the SEC on April
12, 2013; effective May 16, 2013; announced by the BSP on May 17, 2013
Acquisition of net assets - consolidation

Philippine National Bank acquired Allied Banking Corp., with the merger taking effect on
February 9, 2013.
Acquisition of net assets- merger

First Community Cooperative Bank of Misamis Occidental, Cooperative Bank of Davao del
Sur and Cooperative Bank of Surigao del Sur were consolidated to become Consolidated
Cooperative Bank. Consolidation approved by the Cooperative Development Authority on
September 26, 2012 and announced by the BSP on January 14, 2013
Acquisition of net assets - consolidation

Country Rural Bank of Tagig Inc. and Builders Rural Bank Inc. consolidated into Country
Builders Bank Inc. (A Rural Bank) on November 5, 2012.
Acquisition of net assets - consolidation

Producers Savings Bank Corp. consolidated with New Rural Bank of Victorias Inc. and
started operating as a consolidated thrift bank on October 12, 2012.
Acquisition of net assets - consolidation

Asia United Bank Corp. established Cavite United Rural Bank Corp. to acquire Cooperative
Bank of Cavite. Acquisition approved by the BSP on September 6, 2012.
Acquisition of majority voting common stocks
ANICETA B. JULIA AC52

BDO Unibank Inc. (BDO) completed its acquisition of the Rural Bank of San Juan Inc.,
formerly known as Banco San Juan, on July 24, 2012.
Acquisition of net assets - consolidation

Valiant Rural Bank (Iloilo City) Inc. and Rural Bank of Sapian (Capiz) Inc. consolidated into
Valiant Bank Inc. (A Rural Bank), which started operating as a consolidated thrift bank on
May 2, 2012.
Acquisition of net assets - consolidation

Robinsons Bank Corp. completed its acquisition of Legazpi Savings Bank on December 26,
2012, as announced on legazpibank.com.ph. Legazpi Savings Bank is now a wholly-owned
thrift subsidiary of Robinsons Bank.
Acquisition of majority voting common stocks