BULLETIN | ||||||
BULLETIN NO. 2012-14 | ||||||
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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. 974. A dated June 21, 2012 to prohibit BANCO BATANGAN, (A RURAL BANK), INC. (“Bank”) with Head Office address at J.P. Rizal St., Poblacion, Taysan, Batangas 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 one (1) branch located at C.M. Recto Ave., Lipa City. The PDIC took over the Bank and its branch, assets, records and affairs on June 21, 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.
June 22, 2012 | ||||||
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