For the month of January, 2011
Commission File Number 001-15266
BANK OF CHILE
Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.
Form 20-F....Ö.... Form 40-F.........
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): ____
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): ____
Indicate by check mark whether by furnishing the information contained in this Form, the registrant is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
Yes ..... No...Ö..
If "Yes" is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): 82- ________
BANCO DE CHILE
REPORT ON FORM 6-K
Attached is an English translation of a letter filed by Banco de Chile with the Chilean Superintendency of Banks, Chilean Superintendency of Securities and Insurance and local Stock Exchanges, informing of the resolutions adopted by Banco de Chiles Board of Directors in a meeting held on January 27, 2011, where it was resolved to schedule an Ordinary Shareholders Meeting and an Extraordinary Shareholders Meeting, both to be held on the 17th of March, 2011, with the purpose of approving the distribution of dividends, which record date shall be established later, and the elimination of the series Banco de Chile-S ordinary shares.
Santiago, January 28, 2011
Mr. Carlos Budnevich Le-Fort
Superintendent of Bank and
Ref: Essential Information
Pursuant to Articles 9 and 10 of Law No. 18,045 and Chapter 18-10 of the Compilation of Regulations of the Superintendency of Banks and Financial Institutions, I do hereby inform you, as essential information regarding this Banking Institution, that in the Ordinary Meeting No. BCH 2,727 held on the 27th of January, 2011, the Board of Directors of Banco de Chile resolved to call an Ordinary Shareholders Meeting to be held on the 17th of March, 2011 with the objective of proposing, among other matters, the distribution of the Dividend number 199 of $2.937587 per every of the 82,551,699,423 shares issued by Banco de Chile, which will be payable at the expense of the distributable net income obtained during the fiscal year ending the 31st of December, 2010, corresponding to 70% of such income.
Likewise, the Board of Directors resolved to call an Extraordinary Shareholders Meeting to be held on the same date in order to propose, among other things, the following matters:
a.- The capitalization of 30% of the distributable net income obtained during the fiscal year ending the 31st of December, 2010, through the issuance of fully paid-in shares, of no par value, with a value of $ 66.83 per share which will be distributed between the shareholders in the proportion of 0.018838 shares for each share, and to adopt the agreements that are necessary in this regard, subject to the exercise of the options established in article 31 of Law 19,396.
b.- The elimination of the series Banco de Chile-S which shall be converted into ordinary shares
Banco de Chile, subject to the condition that the current ADR Program is effectively modified, and
as a consequence of the aforementioned, the Termination of the Exchange Convention executed in accordance with Chapter XXVI of the former Compendium of Foreign Exchange Regulations issued by the Central Bank of Chile (Terminación de la Convención Cambiaria Capítulo XXVI del ex Compendio de Cambios Internacionales del Banco Central de Chile).
Arturo Tagle Quiroz
Chief Executive Officer
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
Date: January 28, 2011.
Banco de Chile
/s/ Arturo Tagle Q.
By: Arturo Tagle Q.