MB Resolution No. 1306 dated 20 August 2015 Placement of the Xavier-Punla Rural Bank, Inc. Under Receivership

EIANG'Ko SeNrnaL NG PILIPINAS OFFICE OF THE DEPUW GOVERNOR SUPERVISION AND EXAMINATION SECTOR CIRCULAR TETTER NO. CL - 2015 - os1 To Att BANKS AND NON.BANK FINANCIAT INSTITUTIONS Subject : MB Resolution No. 1305 dated 20 August 2015 Placement of the Xavier-Punla Rural Bank, tnc. Under Receivership Notice is hereby given that the Monetary Board, in its Resolution No. L306 dated 20 August 20L5, decided to prohibit the Xavier-Punla Rural Bank, tnc., 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 lnsurance Corporation has been designated as Receiver of the aforementioned rural bank. For information and guidance. a \t\/ STOR A. ISPENIL - Deputy Governo 20 August 2015 A. Mabini St., Matate 1004 Manila, Philippins5 . (632) 7A8-77A1. www.bsp.gov.ph . [email protected]