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                    [ArticleID] => 99009
                    [Title] => BSP approves merger of Bank of Commerce, Traders Royal Bank
                    [Summary] => 

The Monetary Board the policy-making body of the Bangko Sentral ng Pilipinas
(BSP), approved in principle last week the merger between Bank of Commerce
(BOC) and Traders Royal Bank, bank officials disclosed yesterday.

"It was approved last week. But we are still on the look for others banks. The
acquisition of Traders Royal Bank will not be the last," a BOC official said.
The merger, expected to be finalized in the next few weeks, will increase BOC's
resources to P25 billion and its deposit to P16 billion.

The BOC, he said will be the surviving entity.
                    [DatePublished] => 2000-05-12 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1197311
                    [AuthorName] => by Jun Ebias
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

        )

)

TRADERS BANK

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    [results] => Array
        (
            [0] => Array
                (
                    [ArticleID] => 99009
                    [Title] => BSP approves merger of Bank of Commerce, Traders Royal Bank
                    [Summary] => 

The Monetary Board the policy-making body of the Bangko Sentral ng Pilipinas
(BSP), approved in principle last week the merger between Bank of Commerce
(BOC) and Traders Royal Bank, bank officials disclosed yesterday.

"It was approved last week. But we are still on the look for others banks. The
acquisition of Traders Royal Bank will not be the last," a BOC official said.
The merger, expected to be finalized in the next few weeks, will increase BOC's
resources to P25 billion and its deposit to P16 billion.

The BOC, he said will be the surviving entity.
                    [DatePublished] => 2000-05-12 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1197311
                    [AuthorName] => by Jun Ebias
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

        )

)

abtest

BSP approves merger of Bank of Commerce, Traders Royal Bank

By by Jun Ebias | May 12, 2000 - 12:00am

The Monetary Board the policy-making body of the Bangko Sentral ng Pilipinas (BSP), approved in principle last week the merger between Bank of Commerce (BOC) and Traders Royal Bank, bank officials disclosed yesterday. "It...

Business