BSP Circular Letter No. 9 (2026)
Purchase of Assets and Assumption of Liabilities of Rural Bank of Ibajay, Inc. (IBAJY) by First Imperial Business Bank, Inc. (A Rural Bank), and IBAJY’s Surrender of its Banking License
File/Ref. No. FSD V-2026-01-0056b-FSD5-M-FIBB
“sf BANGKO SENTRAL NG PILIPINAS
FINANCIAL SUPERVISION SECTOR | OFFICE OF THE DEPUTY GOVERNOR
CIRCULAR LETTER NO. CL-2026-009
To : All BSP-Supervised Financial Institutions
Subject : Purchase of Assets and Assumption of Liabilities of Rural Bank of Ibajay, Inc. (IBAJY) by First Imperial Business Bank, Inc. (A Rural Bank), and IBAJY’s Surrender of its Banking License
The Monetary Board, in its Resolution No. 1157 dated 27 November 2025, approved the Purchase of Assets and Assumption of Liabilities (P&A) of Rural Bank of Ibajay, Inc. (IBAJY) by First Imperial Business Bank, Inc. (A Rural Bank) (FIBB).
FIBB completed the P&A transaction effective 05 January 2026. IBAJY ceased its operations effective close of business on 31 December 2025 and subsequently surrendered its Certificate of Authority. IBAJY’s office was converted into a branch of FIBB on O5 January 2026.
For information and guidance.
Digitally signed by
Lyn I. Javier
Date: 2026.03.06
21:38:05 +08'00' LYN I. JAVIER
Deputy Governor
O6 March 2026
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