East Coast Rural Bank of Hagonoy, Inc.

June 27, 2019BANK BULLETIN NO. 16-19TO:All BIR Authorized Agent Banks   SUBJECT:East Coast Rural Bank of Hagonoy, Inc. Effective immediately, all Authorized Agent Banks are hereby advised not to accept checks, as well as taxpayers' checks drawn from EAST COAST RURAL BANK OF HAGONOY, INC. with Office address at HRBI Compound, G. Panganiban St., Brgy. Sto. Niño (Pob.), Hagonoy, Bulacan, in payment of internal revenue taxes. This is in conformity with the Bangko Sentral ng Pilipinas (BSP) Monetary Board Resolution No. 802-B dated May 30, 2019 prohibiting the subject bank from doing business in the Philippines and placing it under receivership with the Philippine Deposit Insurance Corporation (PDIC) as the designated receiver, as stated in the letter dated May 31, 2019 of Imelda R. Salgado, Officer-In-Charge, Receivership and Bank Management Group of PDIC. For your guidance and strict compliance.(SGD.) CAESAR R. DULAYCommissioner of Internal Revenue