The Central Bank of the Philippines has published a circular letter notifying BSP-supervised financial institutions that the Monetary Board approved the purchase of assets and assumption of liabilities of Rural Bank of Ibajay, Inc. by First Imperial Business Bank, Inc. A Rural Bank. The update confirms that Rural Bank of Ibajay has ceased operations and surrendered its banking license. The Monetary Board approved the transaction under Resolution No. 1157 dated 27 November 2025. First Imperial Business Bank completed the transaction effective 05 January 2026. Rural Bank of Ibajay ceased operations at the close of business on 31 December 2025, subsequently surrendered its Certificate of Authority, and its office was converted into a branch of First Imperial Business Bank on 05 January 2026.
Central Bank of the Philippines 2026-03-06
Central Bank of the Philippines confirms Rural Bank of Ibajay asset and liability transfer to First Imperial Business Bank and license surrender
The Central Bank of the Philippines announced that the Monetary Board approved the acquisition of assets and liabilities of Rural Bank of Ibajay, Inc. by First Imperial Business Bank, Inc. Rural Bank of Ibajay ceased operations on 31 December 2025, surrendered its banking license, and its office was converted into a branch of First Imperial Business Bank on 05 January 2026.