Saturday 17 November 2018
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inquirer - 5 month ago

Dissolution of RCBC unit in US OKd

Yuchengco-led Rizal Commercial Banking Corp. obtained the approval of US regulators for the dissolution of its US subsidiary, RCBC North America Inc., which ceased operations in 2014. In a disclosure to the Philippine Stock Exchange yesterday, RCBC said it had received the certificate of dissolution from the California Secretary of State for RCBC North America. This represents the final stage of the dissolution proceedings that started in 2014 when RCBC North America folded up, the disclosure said. This

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