UnionBank of the Philippines (PSE:UBP) agreed to acquire the remaining 0.35% stake in City Savings Bank from 41 shareholders for PHP 26.4 million in cash on January 23, 2015. Under the terms of the agreement, UnionBank of the Philippines will acquire 894 shares of City Savings Bank from 41 shareholders for PHP 29,469.9 per share. The offer period will last for 12 months from the approval. The Board of Directors of UnionBank of the Philippines approved the transaction on January 23, 2015. Union Bank of the Philippines acquired 203 shares of City Savings Bank, Inc. on December 31, 2015. Union Bank of the Philippines acquired 59 shares of City Savings Bank, Inc. on February 29, 2016. Union Bank of the Philippines acquired 9 shares of City Savings Bank, Inc. on March 31, 2016. Union Bank of the Philippines acquired 37 shares of City Savings Bank, Inc. in December 2017.

UnionBank of the Philippines (PSE:UBP) cancelled the acquisition of the remaining 0.35% stake in City Savings Bank from 41 shareholders on January 23, 2016.