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PHILIPPINE DEPOSIT INSURANCE CORPORATION
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BULLETIN   
BULLETIN NO. 2010-29
TO :All Member Banks
SUBJECT :Rural Bank of Hinigaran (Negros Occidental), Inc.

Pursuant to Section 30 of Republic Act No. 7653, (New Central Bank Act), the Monetary Board of the Bangko Sentral ng Pilipinas decided in its Resolution No. 1434 dated October 14, 2010 to prohibit RURAL BANK OF HINIGARAN (NEGROS OCCIDENTAL), INC. (“Bank”) with Head Office address at Rizal St., Hinigaran, Negros Occidental from doing business in the Philippines and to place the Bank under receivership with the Philippine Deposit Insurance Corporation (PDIC) as the designated Receiver.

The Bank has three (3) branches located at the following addresses:

Branch Address
Bacolod Burgos St., Vallamonte, Bacolod City
Valladolid Rizal cor. Avila Sts., Valladolid, Negros Occidental
Murcia Murcia, Negros Occidental

The PDIC took over the Bank, and all its branches, assets, records and affairs on October 15, 2010.

Please be advised that upon takeover of the Bank by PDIC as Receiver, all officers and employees of the Bank cease to have any authority to act for and in behalf of the Bank in whatever capacity.

CRISTINA Q. ORBETA
Executive Vice President
Receivership and Liquidation Sector

October 15, 2010

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PDIC is a government instrumentality created in 1963
by virtue of Republic Act 3591, as amended, to insure
the deposits of all banks. PDIC exists to protect
depositors by providing deposit insurance coverage for the depositing public and help promote financial stability. PDIC is an attached agency of the Bangko Sentral ng Pilipinas.
Questions? Need Help? Click Frequently Asked Questions Trunkline.: (632) 8841-4000
Hotline: (632) 8841-4141
(for Metro Manila clients)
Fax No.: (632) 8841-4085
Email: pad@pdic.gov.ph
Client outside Metro Manila may call
Toll Free: 1-800-1-888-7342 or
1-800-1-888-PDIC