January 31, 2012
BANK BULLETIN NO. 05-12
| TO | : | All BIR Authorized Agent Banks |
| SUBJECT | : | Rural Bank of Nasugbu (Batangas), Inc. |
Effective immediately, all Authorized Agent Banks are hereby advised not to accept RURAL BANK OF NASUGBU (BATANGAS), 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 January 26, 2012 informing the Bureau of Internal Revenue of the issuance of Monetary Board Resolution No. 126 dated January 26, 2012 which prohibited RURAL BANK OF NASUGBU (BATANGAS), INC. with Office address at J.P. Laurel St., Nasugbu, Batangas 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.) ESTELA V. SALES
Deputy Commissioner
Legal and Inspection Group
Officer-in-Charge
