MB Resolution No. 320 dated 24 February 2016 : Placement of the Rural Bank of Bayawan (Negros Oriental), Inc. Under Receivership
BAnExo SenrRIL NG PILIPINAs OFFICE OF THE DEPUW GOVERNOR SUPERVISION AND EXAMINATION SECTOR CIRCUTAR LETTER NO. CL -20T6. 013 To ALt BANKS AND NON.BANK FINANCIAT INSTITUTIONS Subject : MB Resolution No. 320 dated 24 February 2016 Placement of the Rural Bank of Bayawan (Negros Oriental), Inc. Under Receivership Notice is hereby given that the Monetary Board, in its Resolution No. 320 dated 24 February 20L6, decided to prohibit the Rural Bank of Bayawan (Negros Oriental), 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). The Philippine Deposit Insurance Corporation has been designated as Receiver of the aforementioned rural bank. For information and guidance. h,. ll-*-q,-Avn. NESTOR A. fSPENttA, Deputy Governor 24 February 2OL6 A. Mabini st., Malate 1004 Manila, Pir,tipprnes - l()321 lo8 I /o'1, *.* t rp.r"".ui' . or-.,'cousp.gov ph
More in BSP Circular Letters
- Publication/Posting of Statement of Condition And/or Consolidated Statement of Condition(BSP Circular Letter No. CL-2018-070)
- Open Finance Oversight Committee Transition Group(BSP Circular Letter No. CL-2021-090)
- Extension of deadline to 30 June 2001 for the electronic submission of the revised bio-data sheets of all offiers/directors of banks/quasi-banks(BSP Circular Letter No. CL05112001)
- Authorized Signatory for All Enterprises, at the Light Industry and Science Park of the Philippines, Special Export Processing Zone(BSP Circular Letter No. CL09271993)
- Consolidation of Bangko Buena, Inc. (A Rural Bank) and the Rural Bank of Dao (Capiz), Inc. into Bangko Buena Consolidated, Inc. (A Rural Bank)(BSP Circular Letter No. CL-2011-020)
- Change of Corporate Name of Rural Bank of San Jose (Camarines Sur), Inc. to BANCO SAN JOSE (CAMSUR), INC. - A RURAL BANK(BSP Circular Letter No. CL-2025-033)
- Anti-Money Laundering Council (AMLC) Regulatory Issuance (ARI) No. 8 – Guidelines on the Preservation, Management, and Disposal of Assets Subject of a Freeze Order, Asset Preservation Order, and Judgment of Forfeiture(BSP Circular Letter No. CL-2021-103)
- Change of Corporate Name of Liberty Savings and Loan Association, Inc.(BSP Circular Letter No. CL-2006-019)
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.