September 1, 2016
BANK BULLETIN NO. 25-16
| TO | : | All BIR Authorized Agent Banks |
| SUBJECT | : | Rural Bank of Cabadbaran (Agusan), Inc. |
Effective immediately, all Authorized Agent Banks are hereby advised not to accept RURAL BANK OF CABADBARAN (AGUSAN), 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 July 29, 2016 informing the Bureau of Internal Revenue of the issuance of Monetary Board Resolution No. 1317 dated July 28, 2016 which prohibited RURAL BANK OF CABADBARAN (AGUSAN), INC. with Office address at Garame cor. Cabiltes Sts., City of Cabadbaran, Agusan del Norte from doing business in the Philippines and placed the same under receivership with the PDIC as the designated Receiver.
The Bank has three (3) branches located at the following addresses:
Branches | Address |
| Butuan | San Francisco St., Butuan City |
| Cagayan de Oro | Cagayan de Oro City |
| Micro Banking Office | Mootumul St., Gingoog City |
For your guidance and strict compliance.
(SGD.) CAESAR R. DULAY
Commissioner of Internal Revenue
