SEC Approves Merger Between Philippine Resources Banking and UnionBank Subsidiary

The Securities and Exchange Commission (SEC) has approved the merger between Philippine Resources Banking Corp. (PR Savings) and City Savings Bank Inc., a wholly-owned subsidiary of Union Bank of the Philippines (UnionBank, PSE: UBP). PR Savings, a thrift bank, is 100% owned by City Savings. The merger between both banks is in line with UnionBank’s […]
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