BSP CIRCULAR LETTER BANCO DE ORO COMMERCIAL BANK AUTHORIZED TO OPERATE AS A COMMERCIAL BANK December 01, 1994

For your information and guidance, BANCO DE ORO COMMERCIAL BANK (formerly BANCO DE ORO SAVINGS AND MORTGAGE BANK) was granted authority to operate as a commercial bank on September 29, 1994 and started operations as such today, December 1, 1994.

Adopted: 1 Dec. 1994

(SGD.) GABRIEL C. SINGSON
Governor