BULLETIN | ||||||
BULLETIN NO. 2010-26 | ||||||
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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. 1272 dated September 16, 2010 to prohibit COOPERATIVE BANK OF LANAO DEL NORTE (“Bank”) with office address at Tubod, Lanao del Norte 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 PDIC took over the Bank, its assets, records and affairs on September 17, 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.
September 17, 2010 | ||||||
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