Commission Decision No. 01-M-029/2020: In the Matter of the Proposed Acquisition by City Savings Bank, Inc. and UBP Investments Corporation of Shares in Bangko Kabayan, Inc.

Commission Decision No. 01-M-029/2020: In the Matter of the Proposed Acquisition by City Savings Bank, Inc. and UBP Investments Corporation of Shares in Bangko Kabayan, Inc.   ABSTRACT:  The proposed transaction is the acquisition by City Savings Bank, Inc. (CitySavings) and UBP Investments Corporation (UBPIC, formerly Union Properties, Inc.) of 2,574,178 common shares of stock… continue reading ››

Commission Decision No. 12-M-010/2018 Acquisition by City Savings Bank, Inc. of Shares in Philippine Resource Savings Bank Corporation

Commission Decision No. 12-M-010/2018 Acquisition by City Savings Bank, Inc. of Shares in Philippine Resource Savings Bank Corporation   ABSTRACT: City Savings Bank, Inc. (“City Savings”), the thrift banking arm of Union Bank of the Philippines, entered into a Share Purchase Agreement on 29 December 2017 (“Transaction”) with all of the common shareholders (the “Sellers”)… continue reading ››