June 11, 2020
BANK BULLETIN NO. 09-20
| TO | : | All BIR Authorized Agent Banks |
| SUBJECT | : | Providence Rural Bank, Inc. |
Effective immediately, all Authorized Agent Banks are hereby advised not to accept checks as well as taxpayers' checks drawn from PROVIDENCE RURAL BANK, INC., with Office address at National Highway cor. Aglipay St., Brgy. Bulala, Camalaniugan, Cagayan, Cagayan Valley, in payment of internal revenue taxes. This is in conformity with the Bangko Sentral ng Pilipinas (BSP) Monetary Board Resolution No. 291.B dated February 27, 2020, 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 February 28, 2020 of Atty. Nilo Aldrin M. Lucinario, Vice-President, Receivership and Bank Management Group of PDIC.
For your guidance and strict compliance.
(SGD.) CAESAR R. DULAY
Commissioner of Internal Revenue
