BSP Memoranda BSP MemorandaBSP Memoranda 2002-11-04T00:00:00.000+08:00
To prohibit the RURAL BANK OF SAN JUAN (La Union), INC. from doing business in the Philippines and that its assets and affairs be placed under receivership
MEMORANDUM Seies of 2002
TO: ALL BANKS
Notice is hereby given that the Monetary Board, in its Resolution No. 1581 dated October 30, 2002, approved and confirmed to prohibit the RURAL BANK OF SAN JUAN (La Union), INC. from doing business in the Philippines and that its assets and affairs be placed 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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