MB Resolution No. 454 dated 31 March 2011 - Placement of the Rural Bank of Tampakan (South Cotabato), Inc. under Receivership

BANGKo SENTRAL NG PILIPINAE OFFICE OF THE DEPUW GOVERNOR SUPERVISION AND EHMINATION SECTOR MEMORANDUM NO. M - 2011- 021 To Att BANKS AND NON'BANK FINANCIAT INSTFUTIONS Subject : MB Resolution No. 454 dated 3l March 2011 Placement of the Rural Bank of Tampakan (South Cotabatol, Inc. under Receivership Notice is hereby given that the Monetary Board, in its Resolution No. 454 dated 31 March 2011 decided to prohibit the Rural Bank of Tampakan (South Cotabato), lnc. 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 BankAct). The Philippine Deposit Insurance Corporation has been designated as Receiver of the aforementioned rural bank. For information and guidance. ffi"6*t* 31 March 2011 A. Mabini 5i., Maiate 1004 Manil3, Philipprn€t . i632i 524-7011 . ww\r.bsfr.gov.ph ' hspmaii@L'sp.8av.rih