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. 1102 dated August 29, 2008 prohibiting RURAL BANK OF BAMBAN (TARLAC), INC. (“Bank”) with office address at A&A Bldg., C. Santos St. corner J.P. Rizal Ext., Bamban, Tarlac 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 RURAL BANK OF BAMBAN (TARLAC), INC., its assets, records and affairs on September 1, 2008.
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JOSE C. NOGRALES
President |
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