NOTICE IS GIVEN TO THE PUBLIC THAT ON JANUARY 30, 2003, RURAL BANK OF ECHAGUE (ISABELA), INC. WAS PROHIBITED FROM DOING BUSINESS IN THE PHILIPPINES AND WAS ORDERED PLACED UNDER RECEIVERSHIP OF THE PHILIPPINE DEPOSIT INSURANCE CORPORATION (PDIC) BY THE MONETARY BOARD IN ITS RESOLUTION NO. 154. AS THE STATUTORY RECEIVER, PDIC TOOK OVER THE ASSETS, RECORDS AND AFFAIRS OF THE SAID BANK ON FEBRUARY 3, 2003.

ON JUNE 12, 2003, THE MONETARY BOARD IN ITS RESOLUTION NO. 821 DIRECTED PDIC TO PROCEED WITH THE LIQUIDATION OF RURAL BANK OF ECHAGUE (ISABELA), INC.

ACCORDINGLY, PURSUANT TO SECTION 30 OF REPUBLIC ACT NO. 7653, OTHERWISE KNOWN AS THE &ldquot;NEW CENTRAL BANK ACT”, PDIC FILED A PETITION FOR ASSISTANCE IN THE LIQUIDATION OF RURAL BANK OF ECHAGUE (ISABELA), INC. DOCKETED AS SP. PROC. NO. M-5703 BEFORE THE REGIONAL TRIAL COURT OF MAKATI CITY, BRANCH 136.

PURSUANT TO THE ORDER, NOTICE IS HEREBY GIVEN TO ALL THE DEPOSITORS, CREDITORS, AND ANY AND ALL THOSE WHO MAY HAVE CLAIMS OR INTEREST AGAINST THE RURAL BANK OF ECHAGUE (ISABELA), INC. TO FILE THEIR RESPECTIVE CLAIMS EITHER WITH THE REGIONAL TRIAL COURT OF MAKATI, BRANCH 136, OR DIRECTLY WITH PDIC OR ITS DULY AUTHORIZED REPRESENTATIVE AT THE PDIC EXTENSION OFFICE, 7TH FLOOR, SSS BUILDING, AYALA AVENUE CORNER V.A. RUFINO STREET, MAKATI CITY.