BSP Memoranda BSP Memoranda No. M12052003BSP Memoranda No. M12052003 2003-12-05T00:00:00.000+08:00
To prohibit the Cooperative Bank of Pangasinan from doing business in the Philippines
MEMORANDUM Series of 2003
To: All Banks
Notice is hereby given that the Monetary Board, in its Resolution No. 1776, dated December 4, 2003, approved and confirmed to prohibit the Cooperative Bank of Pangasinan from doing business in the Philippines to place its assets and affairs under Receivership in accordance with Section 30 of R.A. No. 7653.
The Philippine Deposit Insurance Corporation has been designated as Receiver of the aforementioned rural bank.
For information and guidance.
ALBERTO V. REYES Deputy Governor
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