BSP OKs merger, license surrender of rural banksIn separate circular letters signed by BSP Deputy Governor Lyn Javier, the Monetary Board approved the merger of Rural Bank of Rosario (La Union) Inc. (ROSLU) and Rural Bank of Agoo, Inc., with the former emerging as the surviving bank. It also approved the voluntary surrender of the banking license of Rural Bank of Matag-ob (Leyte), Inc.MANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) has approved a merger involving two rural banks and the voluntary surrender of another rural bank’s license, underscoring the continued consolidation across the countryside banking sector. It also approved the voluntary surrender of the banking license of Rural Bank of Matag-ob (Leyte), Inc. In June, Agribusiness Banking Corp. emerged from the consolidation of four rural lenders, namely Agribusiness Rural Bank Inc., Banco Alabang, Inc., Rural Bank of Maddela (Quirino) Inc. and Rural Bank of San Jacinto (Masbate) Inc. Meanwhile in February, Zambales Rural Bank Inc. and Bridgeway Rural Banking Corp. merged after the banks obtained the necessary regulatory approvals, with Zambales Rural Bank serving as the surviving entity.

Source: Philippine Star December 28, 2025 16:35 UTC