ChinaBank Savings, Inc. agreed to acquire Unity Bank, A Rural Bank, Inc. from China Banking Corporation (PSE:CHIB) and other shareholders on July 18, 2013. Pursuant to the acquisition, ChinaBank Savings will be the surviving entity. The transaction was approved by the shareholders of ChinaBank Savings on July 19, 2013. As of November 21, 2013, the monetary board of the Bangko Sentral ng Pilipinas approved the transaction. The transaction is subject to approval from Securities and Exchange Commission. The merger will be implemented within six months. As of January 20, 2014, Securities and Exchange Commission approved the transaction.

ChinaBank Savings, Inc. completed the acquisition of Unity Bank, A Rural Bank, Inc. from China Banking Corporation (PSE:CHIB) and other shareholders on January 20, 2014.