MB Resolution No. 1877 dated 13 November 2015 Placement of the Rural Bank of Calasiao, Inc. Under Receivership

BANOKO SeIrnIL NG PILIPINAS OFFICE OF THE DEPUW GOVERNOR SUPERVISION AND EXAMINATION SECTOR CIRCUIAR TETTER NO. CL- 2015. 072 To ALL BANKS AND NON.BANK FINANCIAT INSTITUTIONS Subject : MB Resolution No. 1877 dated 13 November 2015 Placement of the Rural Eank of Calasiao, Inc. Under Receivership Notice is hereby given that the Monetary Board, in its Resolution No. 1877 dated 13 November 2015, decided to prohibit the Rural Bank of Calasiao, tnc., 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). The Philippine Deposit Insurance Corporation has been designated as Receiver of the aforementioned rural bank. For information and guidance. DR. JOHNNY iIUIE E. RAVATO Sector-in-Charge 13 November 2015 A. Mabini St., Malate 1004 Manila, Philippines r (632) 208-7701 , www.bsp.gov.ph , bspmail@)bsp.gov.ph