Peñafrancia Rural Bank of Calabanga (Camarines Sur), Inc.

January 12, 2016 BANK BULLETIN NO. 01-16 TO : All BIR Authorized Agent Banks SUBJECT : Peafrancia Rural Bank of Calabanga (Camarines Sur), Inc. Effective immediately, all Authorized Agent Banks are hereby advised not to accept PEAFRANCIA RURAL BANK OF CALABANGA (CAM. SUR), 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 December 11, 2015 informing the Bureau of Internal Revenue of the issuance of Monetary Board Resolution No. 2003 dated December 10, 2015 which prohibited PEAFRANCIA RURAL BANK OF CALABANGA (CAM. SUR), INC. with Office Address at Del Carmen St. Calabanga, Camarines Sur from doing business in the Philippines and placed the same under receivership with the PDIC as the designated Receiver. HTcADC For your guidance and strict compliance. (SGD.) KIM S. JACINTO-HENARES Commissioner of Internal Revenue