BULLETIN | ||||||||
BULLETIN NO. 2010-10 | ||||||||
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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. 709 dated May 27, 2010 to prohibit COOPERATIVE BANK OF CAMARINES SUR (“Bank”) with Head Office address at 19-21 PEDCOR Bldg., Zamora St., Naga City, Camarines Sur 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 two (2) branches located at the following addresses:
The PDIC took over the Bank, its branches, assets, records and affairs on May 28, 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.
May 28, 2010 | ||||||||
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