May 21, 2012
BANK BULLETIN NO. 13-12
| TO | : | All BIR Authorized Agent Banks |
| SUBJECT | : | Rural Bank of Angadanan (Isabela), Inc. |
Effective immediately, all Authorized Agent Banks are hereby advised not to accept RURAL BANK OF ANGADANAN (ISABELA), 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 Philippine Deposit Insurance Corporation (PDIC) dated November 28, 2011 informing the Bureau of Internal Revenue of the issuance of Monetary Board Resolution No. 1735 dated November 24, 2011 which prohibited RURAL BANK OF ANGADANAN (ISABELA), INC. with Office address at Centro 2, Angadanan, Isabela from doing business in the Philippines and placed the same under receivership with the PDIC as the designated Receiver.
For your guidance and strict compliance.
(SGD.) CELIA C. KING
Deputy Commissioner
Resource Management Group
Officer-in-Charge
