BULLETIN | ||||||||||||
BULLETIN NO. 2012-07 | ||||||||||||
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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. 592 on April 19, 2012 to prohibit FIRST PROVINCIAL BANK, INC. (A RURAL BANK), (“Bank”) with Head Office address at McArthur Highway, Brgy. Ligtasan, Tarlac City 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 four (4) branches located at the following addresses:
The PDIC took over the Bank and all its branches, assets, records and affairs on April 20, 2012. 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.
April 20, 2012 | ||||||||||||
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