MB Resolution No. 827.A dated 13 May 2016 - Placement of the Rural Bank of Amadeo (Cavite), Inc. Under Receivership

EIANGKO SENTRAL NG PILIPINAS OFFICE OF THE DEPUW GOVERNOR SUPERVISION AND EXAMINATION SECTOR cf RcuLAR LETTER NO. CL- 2OL6 - $Z To ALL BANKS AND NON.BANK FINANCIAL INSTITUTIONS Subject : MB Resolution No. 827.A dated 13 May 2016 Placement of the Rural Bank of Amadeo (Cavite), Inc. Under Receivership Notice is hereby given that the Monetary Board, in its Resolution No. 827.A dated 13 May 2016, decided to prohibit the Rural Bank of Amadeo (Cavite), 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. 7553 (The New Central Bank Act). The Philippine Deposit Insurance Corporation has been designated as Receiver of the aforementioned rural bank. For information and guidance. 6t'o*o. elffiril 13 May 2015 A. Mabini 5t., Malate :1004 Maniia, Philippines . (632) 7{)8-7701 . www.llsp.gov.ph . [email protected]