August 30, 2016
BANK BULLETIN NO. 24-16
| TO | : | All BIR Authorized Agent Banks |
| SUBJECT | : | Rural Bank of Claveria (Cagayan), Inc. |
Effective immediately, all Authorized Agent Banks are hereby advised not to accept RURAL BANK OF CLAVERIA (CAGAYAN), 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 August 19, 2016 informing the Bureau of Internal Revenue of the issuance of Monetary Board Resolution No. 1464.A dated August 18, 2016 which prohibited RURAL BANK OF CLAVERIA (CAGAYAN), INC. with office address at #43 Gen. Claveria St., Brgy. Centro III, Claveria, Cagayan 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.) CAESAR R. DULAY
Commissioner of Internal Revenue
