MB Resolution No. 320 dated 24 February 2016 : Placement of the Rural Bank of Bayawan (Negros Oriental), Inc. Under Receivership

BAnExo SenrRIL NG PILIPINAs OFFICE OF THE DEPUW GOVERNOR SUPERVISION AND EXAMINATION SECTOR CIRCUTAR LETTER NO. CL -20T6. 013 To ALt BANKS AND NON.BANK FINANCIAT INSTITUTIONS Subject : MB Resolution No. 320 dated 24 February 2016 Placement of the Rural Bank of Bayawan (Negros Oriental), Inc. Under Receivership Notice is hereby given that the Monetary Board, in its Resolution No. 320 dated 24 February 20L6, decided to prohibit the Rural Bank of Bayawan (Negros Oriental), 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. 7653 (The New Central Bank Act). The Philippine Deposit Insurance Corporation has been designated as Receiver of the aforementioned rural bank. For information and guidance. h,. ll-*-q,-Avn. NESTOR A. fSPENttA, Deputy Governor 24 February 2OL6 A. Mabini st., Malate 1004 Manila, Pir,tipprnes - l()321 lo8 I /o'1, *.* t rp.r"".ui' . or-.,'cousp.gov ph