Rural Bank of Koronadal (South Cotabato), Inc.

April 6, 2016 BANK BULLETIN NO. 13-16 TO : All BIR Authorized Agent Banks SUBJECT : Rural Bank of Koronadal (South Cotabato), Inc. Effective immediately, all Authorized Agent Banks are hereby advised not to accept KORONADAL RURAL BANK (SOUTH COTABATO), 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 March 11, 2016 informing the Bureau of Internal Revenue of the issuance of Monetary Board Resolution No. 428 dated March 10, 2016 which prohibited KORONADAL RURAL BANK (SOUTH COTABATO), INC. with Head Office address at Alunan Avenue, Koronadal City, South Cotabato from doing business in the Philippines and placed the same under receivership with the PDIC as the designated Receiver. The Bank has two ( 2 ) branches located in the following addresses: Branch Address Gen. Luna General Luna, Digos City Sto. Nio Sto. Nio, Koronadal City For your guidance and strict compliance. (SGD). KIM S. JACINTO-HENARES Commissioner of Internal Revenue