Pages

Search about Cooperatives

Wednesday, February 29, 2012

BSP Approves the Consolidation of FBMO, CBSS, and CBDS

Finally after years of follow up and diligent effort the BSP approves the consolidation of FBMO, CBSS, and CBDS and now called the "Consolidated Cooperative Bank".

Here are related articles release by the Bangko Sentral ng Pilipinas and the Philippine Star News 
http://www.bsp.gov.ph/publications/media.asp?id=2816

http://www.gmanetwork.com/news/story/249720/economy/moneyandbanking/bangko-sentral-green-lights-merger-of-3-mindanao-cooperative-banks

Our thanks to all who diligently prayed for the approval of the consolidation, as well as the people who did not waiver in putting their efforts: Mr Isagani B Daba and Former Senator Agapito "Butz" Aquino. The Managers of the 3 cooperative banks, Girly Dollera, Jeffrey Camerino, and Felino Ablat who provided provided data's for consolidation. To all the investors of the now approved CCB. Mabuhay Tayong Lahat!

The best is yet to come. As this approval gives us signal to be more proactive in the banking industry let us help each other move as we face the greater challenge ahead of us. We're not stopping on this approval.

For everybody's information the three (3) Coop banks shall hold its respective last Board meeting on March 23, 2012 at FICCO Davao Office.

The Joint General Assembly of the three (3) Cooperative banks shall be held on the next day March 24, 2012 at the CAP building in Davao.