Live Breaking News & Updates on Cezar Bong|Page 3

SunStar
January 25, 2021
DURING a special joint meeting last week, the boards of Bank of the Philippine Islands (BPI) and BPI Family Savings Bank (BFSB) unanimously agreed to set into motion the strategic union of the two banks. The merger, with BPI as the surviving entity, will take effect upon its approval by the regulators as well as the shareholders.
Immediately after the meeting, BPI President Cezar Bong P. Consing, who is concurrently chair of BFSB, announced:
We are thrilled to share, that after significant study, with the best interest of our clients in mind, BPI will begin the process of operationally merging with BPI Family Savings Bank (BFSB) to form One BPI. ....

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