MB Resolution No. 1528 dated 29 October 2009 Placement of the Rural Bank of Dasol (Pangasinan), Inc. Under Receivership

October 29, 2009BSP MEMORANDUM NO. M-2009-039TO:All Banks and Non-Bank Financial Institutions    SUBJECT:MB Resolution No. 1528 dated 29 October 2009 Placement of the Rural Bank of Dasol (Pangasinan), Inc. Under Receivership Notice is hereby given that the Monetary Board, in its Resolution No. 1528 dated 29 October 2009 decided to prohibit the Rural Bank of Dasol (Pangasinan), Inc. from doing business in the Philippines and to place its assets and affairs under receivership pursuant to Section 30 of R.A. No. 7653 (The New Central Bank Act). cAHISTThe Philippine Deposit Insurance Corporation has been designated as Receiver of the aforementioned rural bank.For information and guidance.  (SGD.) NESTOR A. ESPENILLA, JR.Deputy Governor