Philippine Deposit Insurance Corporation Official Website

BULLETIN

BULLETIN NO. 2019-02

TO	:	ALL MEMBER-BANKS
SUBJECT	:	Rural Bank of Mabitac (Laguna), Inc.

Please be informed that, pursuant to Section 30 of R.A. No. 7653 (New Central Bank Act), the Monetary Board, in Resolution No. 270.A dated February 21, 2019, prohibited RURAL BANK OF MABITAC (LAGUNA), INC. (“Bank”) with Head Office address at 17 J. Rizal St., Brgy. Sinagtala (Pob.), Mabitac, Laguna, from doing business in the Philippines and directed the PHILIPPINE DEPOSIT INSURANCE CORPORATION (PDIC) as Receiver to proceed with the takeover and liquidation of the Bank in accordance with Section 12 of R.A. 3591, as amended.

The Bank has sixteen (16) branches located at the following addresses:

Branch	Address
Tanauan MBO	Trapiche Rd., Poblacion Brgy. 6, City of Tanauan, Batangas
Cabuyao EO	LPA #2 Silva Bldg., Brgy. Banlic, Cabuyao City, Laguna
Cabuyao MBO	#1003 Brgy. Mamatid, Cabuyao City, Laguna
Calamba EO	#194 JP Rizal St., Brgy. 6 (Pob.), City of Calamba, Laguna
Sta. Rosa OBO	KCD Apartment C, Brgy. Dila, City of Sta. Rosa , Laguna
Los Baños EO	Lopez Ave., Batong Malake, Los Baños, Laguna
Los Baños MBO	Brgy. Maahas, Los Baños, Laguna
Nagcarlan OBO	#91 J.Rizal St., Brgy. Poblacion II (Pob.), Nagcarlan, Laguna
Paete EO	JP Rizal St., Brgy. Ibaba del Sur (Pob.), Paete, Laguna
Paete MBO	4-0907 J. Rizal St., Brgy. Quinale (Pob.), Paete, Laguna
Sta. Cruz OBO	Sitio Mapagmahal, Brgy. Pagsawitan, Sta. Cruz, Laguna
Sta. Maria EO	R. Velasquez St., Brgy. II (Pob.), Sta. Maria, Laguna
Siniloan EO	G. Redor St., Brgy. P. Burgos, Siniloan, Laguna
Infanta	J. Rizal St., Poblacion I (Brgy. I), Infanta, Quezon
Candelaria	Ona St., Brgy. Poblacion, Candelaria, Quezon
Tanay MBO	#12 Tentado St., Brgy. Tabing Ilog (Pob.), Tanay, Rizal

Under Section 13 of R.A. No. 3591 (PDIC Charter), as amended by R.A.10846, a bank that has been placed under liquidation shall in no case be re-opened and permitted to resume banking business. Furthermore, Section 12 thereof expressly provides that banks closed by the Monetary Board shall no longer be rehabilitated.

The PDIC took over the Bank and all its branches, assets, records and affairs on February 22, 2019.

Please be informed that upon placement of the Bank under liquidation, the powers, functions and duties of the directors, officers and stockholders of the Bank are terminated. Accordingly, the directors, officers, and stockholders shall be barred from interfering in any way with the assets, records and affairs of the Bank. Therefore, should you be in possession of any asset and/or records of the closed Rural Bank of Mabitac (Laguna), Inc., you are advised not to allow or honor any transaction affecting the same without the consent of the Receiver and to immediately turnover the said assets and/or records to the Deputy Receiver at the address provided below.

Moreover, all assets of the Bank are deemed to be in custodia legis in the hands of the Receiver and may not be subject to attachment, garnishment, execution, levy or any other court processes.

Henceforth, kindly address further inquiries, communications or transactions relating to or involving the Bank to the Deputy Receiver, Philippine Deposit Insurance Corporation, 5th Floor, SSS Bldg., Ayala Avenue cor. V.A. Rufino St., Makati City, Metro Manila.

MA. ANA CARMELA L. VILLEGAS
Executive Vice President
Receivership and Liquidation Sector

February 22, 2019
Date

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