The Philippine Deposit Insurance Corp. (PDIC) has finally given its green light to the proposed merger of the Gotianun-led East West Banking Corp. (EastWest) with the largest rural bank in the Caraga region.

In a letter received by EastWest  on Friday, PDIC said that it has granted its consent to the proposed merger of East West and Green Bank (A Rural Bank) Inc., with EastWest as the surviving entity.

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