NOTICE IS HEREBY GIVEN to the creditors and depositors of BPI DIRECT BANKO, INC. (“BanKo”) and LEGAZPI SAVINGS BANK, INC. (“LSB” and, together with BanKo, the “Constituent Banks”) that the proposed merger between the Constituent Banks, with BanKo as the surviving bank (the “Merger”), and the terms and conditions set forth in the Articles of Merger and Plan of Merger, and Supplement to the Plan of Merger, have been approved and such approval was ratified and confirmed by the following: (1) the Board and Stockholders of BanKo on January 22, 2026 and May 4, 2026 respectively; and (2) the Board and Stockholders of LSB on January 22, 2026 and May 4, 2026, respectively. The Constituent Banks secured the clearance of the Philippine Competition Commission on the Merger on May 18, 2026, and the approval of the Monetary Board in its Resolution dated July 2, 2026, as reflected in the letter of the Bangko Sentral ng Pilipinas (“BSP”) July 7, 2026.        

In accordance with Section 5 of Republic Act (“R.A.”) No. 11840 or an Act Amending Certain Provisions of R.A. No. 3591, as amended, otherwise known as the Philippine Deposit Insurance Corporation (“PDIC”) Charter, the consent of the PDIC to mergers, consolidations, and acquisitions of banks is no longer required.

The effectivity of the Merger is subject to the approval of the Securities and Exchange Commission.

Except for the transfer of deposits of the depositors from LSB to BanKo upon the effectivity of the Merger, which will result in LSB deposits being assumed by BanKo as its deposit liabilities, subject to applicable terms and conditions for the same type of BanKo deposits in accordance with pertinent BSP rules and regulations, there shall be no change in the rights of depositors of the Constituent Banks in view of the Merger.

This announcement serves as notice to all creditors and depositors of the Merger of the Constituent Banks.