| C01190-2025 |
| Title of Each Class | Number of Shares of Common Stock Outstanding and Amount of Debt Outstanding | |
|---|---|---|
| COMMON SHARES | 161,800,000 |
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Citystate Savings Bank, Inc.CSB| Subject of the Disclosure |
|---|
Hiring of First Vice President. |
| Background/Description of the Disclosure |
In today’s Regular Board Meeting, the Board of Directors of Citystate Savings Bank, Inc. approves the following: |
| Name of Person | Position/Designation | Effective Date of Resignation/Cessation of term (mmm/dd/yyyy) |
Reason(s) for Resignation/Cessation | |
|---|---|---|---|---|
| Christine C. Renton | Vice President | 03/01/2025 | Career Opportunity |
| Name of Person | Position/Designation | Date of Appointment/Election (mmm/dd/yyyy) |
Effective Date of Appointment Election (mmm/dd/yyyy) |
Shareholdings in the Listed Company | Nature of Indirect Ownership | ||
|---|---|---|---|---|---|---|---|
| Direct | Indirect | ||||||
| Maria Consuelo S. Ruffy | First Vice President | 02/26/2025 | 03/03/2025 | - | - | - | |
| Maria Charmaine Q. Ricaforte | Assistant Vice President | 02/26/2025 | 03/03/2025 | - | - | - | |
| Jose Maria P. Valdes | Senior Assistant Vice President | 02/26/2025 | 02/26/2025 | - | - | - | |
| Name of Person | Position/Designation | Date of Approval (mmm/dd/yyyy) |
Effective Date of Change (mmm/dd/yyyy) |
Shareholdings in the Listed Company | Nature of Indirect Ownership | |||
|---|---|---|---|---|---|---|---|---|
| From | To | Direct | Indirect | |||||
| - | - | - | - | - | - | - | - | |
| Other Relevant Information |
|---|
Ms. Ruffy has over 40 years of banking experience specializing in lending and credit management. As Commercial SME Lending Division Head/VP at CBS, she previously held key roles at Equicom and BDO (Equi-PCI). She has led credit evaluation, documentation review, compliance monitoring, and special accounts management, overseeing loan restructuring, collections, and legal endorsements. Additionally, she has developed credit policies and procedures to ensure regulatory compliance in lending and risk management. |
| Name | Jose De Leon |
|---|---|
| Designation | Vice President - Head of Legal Services and Regulatory Affairs Department, Data Privacy Officer and Assistant Corporate Secretary |