July 18, 2016
BANK BULLETIN NO. 22-16
| TO | : | All BIR Authorized Agent Banks |
| SUBJECT | : | Rural Bank of Siaton (Siaton, Negros Oriental), Inc. |
Effective immediately, all Authorized Agent Banks are hereby advised not to accept RURAL BANK OF SIATON (SIATON, NEGROS ORIENTAL), 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 8, 2016 informing the Bureau of Internal Revenue of the issuance of Monetary Board Resolution No. 1202.A dated July 7, 2016 which prohibited RURAL BANK OF SIATON (SIATON, NEGROS ORIETAL), INC. with office address at Km. 50, National Highway, Brgy. Poblacion, Siaton, Negros Oriental from doing business in the Philippines and placed the same under receivership with the PDIC as the designated Receiver. aScITE
For your guidance and strict compliance.
(SGD.) CAESAR R. DULAY
Commissioner of Internal Revenue
