<Li> Taal Land Inc . </Li> <P> On June 15, 2001, BDO Unibank merged with Dao Heng Bank's Philippine subsidiary, with BDO Unibank as the surviving entity . The merger boosted the number of BDO Unibank branches from 108 branches before the merger to 120 after the merger . </P> <P> In August 2003, BDO Unibank . acquired the local banking unit of Banco Santander with its commercial, trust and derivatives licenses to become BDO Private Bank, a fully owned subsidiary of BDO Unibank . The main goal the BDO Private Bank is to create market share in the Private banking / Modern Affluent Market segment by penetrating key areas in BDO Unibank's network . This is to complement and explore how the BDO Unibank Group can service all the financial and investment needs of the client . </P> <P> In late April 2005, United Overseas Bank sold 66 out of its Philippine subsidiary's 67 branches to BDO Unibank after UOB's Philippine subsidiary is set to rationalize its operations from retail to wholesale banking . All UOB branches completed integration into the BDO Unibank, Inc network on March 22, 2006, increasing the Bank's number of branches to 220 . </P>

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