MB Resolution No. 803 dated 02 June 2011 - Placement of the Rural Bank of Pres. Roxas (North Cotabato), Inc. under Receivership

BANeKO SENTNEL N@ PILIPINAS OFFICE OF THE DEPUW GOVERNOR SUPERVISION AND EXAMINATION SECTOR MEMORANDUM NO. M-2011. 031 To ALL BANKS AND NON.BANK FINANCIAT INSTITUTIONS Subject : MB Resolution No. 803 dated 02 June 2011 Placement of the Rural Bank of Pres. Roxas (North Cotabatol, Inc. under Receiverchip Notice is hereby given that the Monetary Board, in its Resolution No. 803 dated 02 June 2011 decided to prohibit the Rural Bank of Pres. Roxas (North Cotabatol, 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. tr^lq; NESTOR A. ESPENIL O2 June 2011 A. Mabini 5i., Malate 1004 Manila, Philippines c {632i 524-701f n www.bsp.gov.ph ' bspmaii$bsp.gsv.ph