Banco de Arevalo, Inc. (A Rural Bank) - Voluntary Surrender of Banking License
OFFICE OF THE DEPUTY GOVERNOR I FINANCIAL SUPERVISION SECTOR 079 CIRCULAR LETTER NO. CL-2022-____ To : All Banks and Non-bank Financial Institutions Subject : Banco de Arevalo, Inc. (A Rural Bank) – Voluntary Surrender of Banking License The Monetary Board, in its Resolution No. 1606 dated 3 November 2022, approved the voluntary surrender by Banco de Arevalo, Inc. (A Rural Bank) (AREV) of its banking license to the Bangko Sentral ng Pilipinas. Effective 9 November 2022, AREV ceased to operate as a bank. For information and guidance. Digitally signed by Chuchi G. Fonacier Date: 2022.11.17 11:11:27 +08'00' CHUCHI G. FONACIER Deputy Governor 17 November 2022 Page
More in BSP Circular Letters
- UCPB Leasing and Finance Corporation (ULFC) Authority to Engage in Quasi-Banking Functions(BSP Circular Letter No. CL-2010-062)
- ING Bank N.V. Manila Branch's (ING Bank) - Withdrawal of Trust License(BSP Circular Letter No. CL-2012-064)
- SEC Memorandum Circular No. 14 dated 24 October 2000 – Revised Guidelines in the Approval of Corporate and Partnership Names(BSP Circular Letter No. CL-2008-007)
- Circulars No. 251 and 253 and Circular Letter dated January 2, 2001 continue to be effective(BSP Circular Letter No. CL01142002)
- Establishment and operations of Asia United Bank Corporation(BSP Circular Letter)
- MB Resolution No. 1987.A dated 11 November 2016: Prohibition of the Rural Bank of Salinas, Inc. From Doing Business in the Philippines(BSP Circular Letter No. CL-2016-090)
- Consolidation of Metro South Cooperative Bank, Consolidated Cooperative Bank and Bataan Cooperative Bank to be known as One Cooperative Bank (One CB)(BSP Circular Letter No. CL-2023-019)
- Cancellation of Certificate of Registration(BSP Circular Letter No. CL11031993)
Want an analysis of this document?
Ask ASG Legal AI to summarize it, compare it with other rulings, or explain how it applies to your situation — it researches from this same library.