New Rural Bank of Binalbagan (Negros Occidental), Inc.

July 5, 2016BANK BULLETIN NO. 21-16TO:All BIR Authorized Agent Banks   SUBJECT:New Rural Bank of Binalbagan (Negros Occidental), Inc. Effective immediately, all Authorized Agent Banks are hereby advised not to accept NEW RURAL BANK OF BINALBAGAN (NEGROS OCCIDENTAL), INC. checks as well as taxpayers' checks drawn from the said Bank, in payment of internal revenue taxes. This advisory is in view of the letter of the Philippine Deposit Insurance Corporation (PDIC) dated June 10, 2016 informing the Bureau of Internal Revenue of the issuance of Monetary Board Resolution No. 1002.A dated June 9, 2016 which prohibited NEW RURAL BANK OF BINALBAGAN (NEGROS OCCIDENTAL), INC. with office address at National Highway, Brgy. Progreso, Binalbagan, Negross Occidental from doing business in the Philippines and placed the same under receivership with the PDIC as the designated Receiver. DETACaFor your guidance and strict compliance. (SGD.) CAESAR R. DULAYCommissioner of Internal Revenue