Rural Bank of Bayawan (Negros Oriental), Inc.
Bank Bulletin No. 12-16 • Bureau of Internal Revenue (BIR) Issuances • Bank Bulletins • Apr 6, 2016
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April 6, 2016 BANK BULLETIN NO. 12-16 TO : All BIR Authorized Agent Banks SUBJECT : Rural Bank of Bayawan (Negros Oriental), Inc. Effective immediately, all Authorized Agent Banks are hereby advised not to accept RURAL BANK OF BAYAWAN (NEGROS ORIENTAL), INC. checks as well as taxpayer's 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 February 26, 2016 informing the Bureau of Internal Revenue of the issuance of Monetary Board Resolution No. 320 dated February 24, 2016 which prohibited RURAL BANK OF BAYAWAN (NEGROS ORIENTAL), INC. with office address at No. 807 H. Bollos Sr. St., 6221 Bayawan City, Negros Oriental 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.) NELSON M. ASPE Deputy Commissioner-Operations Group Officer-in-Charge
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