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PHILIPPINE DEPOSIT INSURANCE CORPORATION
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BULLETIN   
BULLETIN NO. 2008-01
TO :Member Banks
SUBJECT :Rural Bank of Lupon (Davao Oriental), Inc.

Pursuant to Section 30 of Republic Act No. 7653 (New Central Bank Act), the Monetary Board of the Bangko Sentral ng Pilipinas issued Resolution No. 14 dated January 10, 2008 prohibiting RURAL BANK OF LUPON (DAVAO ORIENTAL), INC. with Office address at Poblacion, Lupon, Davao Oriental from doing business in the Philippines and placing the same under receivership with the Philippine Deposit Insurance Corporation (PDIC) as the designated Receiver.

The PDIC took over the RURAL BANK OF LUPON (DAVAO ORIENTAL), INC., its assets, records and affairs on January 10, 2008.


Jose C. Nograles
Acting President
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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.
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Hotline: (632) 8841-4141
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Email: pad@pdic.gov.ph
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