RCBC says to merge with thrift unit RCBC Savings | ABS-CBN
ADVERTISEMENT

Welcome, Kapamilya! We use cookies to improve your browsing experience. Continuing to use this site means you agree to our use of cookies. Tell me more!
RCBC says to merge with thrift unit RCBC Savings
RCBC says to merge with thrift unit RCBC Savings
ABS-CBN News
Published Nov 27, 2018 09:20 AM PHT

MANILA -- Rizal Commercial Banking Corp (RCBC) said Monday it was merging with its thrift arm, RCBC Savings Bank (RSB).
MANILA -- Rizal Commercial Banking Corp (RCBC) said Monday it was merging with its thrift arm, RCBC Savings Bank (RSB).
RCBC will be the surviving entity after the merger, which will become effective on July 1, 2019, according to a stock exchange filing. The RCBC board approved the plan on Monday.
RCBC will be the surviving entity after the merger, which will become effective on July 1, 2019, according to a stock exchange filing. The RCBC board approved the plan on Monday.
A special stockholders meeting of RCBC was scheduled on Feb. 26 to submit the merger for approval, according to the disclosure.
A special stockholders meeting of RCBC was scheduled on Feb. 26 to submit the merger for approval, according to the disclosure.
RCBC had an authorized capital stock of P28 billion compared to RSB's P5 billion, according to the articles of merger that was submitted to the exchange.
RCBC had an authorized capital stock of P28 billion compared to RSB's P5 billion, according to the articles of merger that was submitted to the exchange.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT