14/09/2023
NOTICE OF MERGER TO THE PUBLIC
Approved BSP Merger of Rural Bank of Agoo, Inc. and Rural Bank of Rosario (LU), Inc.
We are happy to share the news that Rural Bank of Rosario (LU), Inc. (ROSLU) and Rural Bank of Agoo, Inc. (AGOO) are merging to create a powerhouse of financial excellence. Both banks, known for their unwavering financial stability, are joining forces to usher in a new era of progress and innovation. The Monetary Board of the Bangko Sentral ng Pilipinas in its Resolution No. 989 dated 27 July 2023 approved the merger of Rural Bank of Rosario (LU), Inc. (ROSLU) and Rural Bank of Agoo, Inc. (AGOO), with Rural Bank of Rosario (LU), Inc. (ROSLU) as the surviving entity, under the Relaunched Consolidation Program for Rural Banks.
With the merger, Rural Bank of Agoo, Inc. (AGOO) will voluntarily surrender its banking license to the Bangko Sentral ng Pilipinas, and convert our banking units into ROSLU (merged bank) banking units as stated in the conditions of approval per Monetary Board Resolution No. 989.
The merger shall be effective on the date the Securities and Exchange Commission shall have issued the Certificate of Merger. Upon effectivity of merger, ROSLU as the surviving entity shall become the owner of all the rights, assets, privileges and other properties of AGOO and shall assume all the debts and liabilities of AGOO.
As we work to integrate ROSLU and AGOO processes and systems and migrating your accounts to ROSLU as smooth as possible, rest assured that your deposits will remain intact and well secured. Your trust is our driving force.
This announcement serves as a notice to all depositors, customers and debtors concerned regarding the merger of Rural Bank of Rosario (LU), Inc. (ROSLU) and Rural Bank of Agoo, Inc. (AGOO).
