MB Resolution No. 1355 dated 09 September 2011- Placement of the Rural Bank of Mabini (Batangas), Inc. under Receivership

B.axoro SENTRAL NG PILIPINAS OFFICE OF THE DEPUW GOVERNOR SUPERVISION AND EXAMINATION SECTOR MEMORANDUM NO. M - 2011. 051 To AI.I BANKS AND NON-BANK FINANCIAL INSTITUTIONS Subject : MB Resolution No. 1355 dated 09 September 2011 Placement of the Rural Bank of Mabini (Batangas), Inc. under Receivership Notice is hereby given that the Monetary Board, in its Resolution No. L355 dated 09 September 20LL, decided to prohibit the Rural Bank of Mabini (Batangas|, Inc., from doing business in the Philippines and to place its assets and affairs under receivership pursuant to Section 30 of Republic Act (R.A.) No. 7653 (The New Central Bank Act) and Section 53 of R.A. No. 8791 {The General Banking Law of 2000}. The Philippine Deposit Insurance Corporation has been designated as Receiver of the aforementioned rural bank. For information and guidance. /n4/7+?* ' CHU I G. FONACIER s 09 September 2011 A. Lrl6bini it., f,,'1ai3'.e.10{14 &1rijija. Pi;jiic;:tn;s $ i63:i 5:4-?{.j:t_}. *,,.;y,,w,hsp.g*v.pir . bsuniaiir.{:!brp.grr.irt