Non-Acceptance of Checks/Drawn Checks from All Authorized Agent Banks (AABs)

September 11, 2015 BANK BULLETIN NO. 15-15 TO : All BIR Authorized Agent Banks SUBJECT : Non-Acceptance of Checks/Drawn Checks from All Authorized Agent Banks (AABs) Effective immediately, all Authorized Agent Banks (AABs) are hereby advised not to accept checks, as well as taxpayer's checks drawn from the lists of banks that were ordered closed from January, 2014 to June 30, 2015 (please see Annex "A-1" and Annex "A-2"), as per reports from the Philippine Deposit Insurance Corporation (PDIC), in payment of internal revenue taxes. Further, per Monetary Board Resolutions of the Bangko Sentral ng Pilipinas (BSP), the said banks and their branches are prohibited from doing business in the Philippines and have all been placed under receivership with PDIC as the designated Receiver. All internal revenue officials and employees concerned are hereby enjoined to give this Bank Bulletin as wide a publicity as possible. HTcADC (SGD.) KIM S. JACINTO-HENARES Commissioner of Internal Revenue ANNEX A-1 CLOSED BANKS UNDER PDIC RECEIVERSHIP AND LIQUIDATION (Chronologically Arranged) Name of Closed Banks Monetary Board Resolution Date of PDIC Letter BIR-Bank Bulletin Issued No. Date Number Date 1 Silangan Savings and Loan Bank, Inc. 36-A 01/09/14 01/10/14 2014-01 01/16/14 2 Rural Bank of Reina Mercedes (Isabela), Inc. 204 02/07/14 02/10/14 2014-07 02/27/14 3 Rural Bank of Montevista (Davao Del Norte), Inc. 407 03/06/14 03/07/14 2014-09 03/25/14 4 Gulf Bank (Rural Bank of Lingayen, Inc.) 543 04/03/14 04/04/14 2014-11 04/16/14 5 Rural Bank of Pres. M.A. Roxas (Zamboanga Del Norte), Inc. 464 03/20/14 03/21/14 2014-12 04/24/14 6 Cavite Rural Banking Corporation 706.A 05/09/14 05/09/14 2014-13 05/16/14 7 Asian Consumers Bank (A Rural Bank), Inc. 981 06/26/14 06/27/14 2014-15 07/04/14 9 n Banco Carmona, Inc. A Rural Bank 1181.A 08/01/14 08/04/14 2014-16 08/11/14 8 Rural Bank of Oroquietan (Misamis Occidental), Inc. 1143 07/21/14 07/22/14 2014-18 08/26/14 10 Rural Bank of Padre Burgos (Southern Leyte), Inc. 1392.A 09/12/14 09/15/14 2014-19 09/18/14 11 Rural Bank of Lobo, Inc. 1438 09/18/14 09/19/14 2014-20 10/16/14 12 Fil-Agro Rural Bank, Inc. 1486 09/25/14 09/26/14 2014-21 10/27/14 13 Cooperative Bank of Tarlac, Inc. 1685 10/24/14 10/24/14 2014-22 11/03/14 14 Synergy Rural Bank, Inc. 1753.A 11/06/14 11/07/14 2014-24 12/12/14 15 Rural Bank of Burauen 1922 12/04/14 12/10/14 2014-25 12/19/14 16 Community Bank (Rural Bank of Alfonso, Inc.) 284 02/26/15 02/27/15 2015-04 03/24/15 17 Rural Bank of Magsingal (Ilocos Sur), Inc. 331.B 03/05/15 03/06/15 2015-07 03/30/15 18 Rural Bank of Labrador (Pangasinan), Inc. 596 04/16/15 04/16/15 2015-08 04/21/15 19 Community Rural Bank of Magsaysay (Davao del Sur), Inc. 716 05/07/15 05/08/15 2015-09 05/15/15 20 Rural Bank of Sta. Magdalena (Sorsogon), Inc. 756.A 05/14/15 05/15/15 2015-10 05/22/15 21 Surigaonon Rural Banking Corporation 634 04/23/15 04/24/15 2015-11 05/25/15 22 Siargao Bank (A Rural Bank), Inc. 919.B 06/11/15 06/15/15 2015-12 07/06/15 23 Rural Bank of Taysan (Batangas), Inc. 1001.B 06/26/15 06/29/15 2015-13 07/10/15 ANNEX A-2 CLOSED BANKS UNDER PDIC RECEIVERSHIP AND LIQUIDATION (Alphabetically Arranged) Name of Closed Banks Monetary Board Resolution Date of PDIC Letter Bank Bulletin Issued No. Date Number Date 1 Asian Consumers Bank (A Rural Bank), Inc. 981 06/26/14 06/27/14 2014-15 07/04/14 2 Banco Carmona, Inc. A Rural Bank 1181.A 08/01/14 08/04/14 2014-16 08/11/14 3 Cavite Rural Banking Corporation 706.A 05/09/14 05/09/14 2014-13 05/16/14 4 Community Bank (Rural Bank of Alfonso, Inc.) 284 02/26/15 02/27/15 2015-04 03/24/15 5 Community Rural Bank of Magsaysay (Davao del Sur), Inc. 716 05/07/15 05/08/15 2015-09 05/15/15 6 Cooperative Bank of Tarlac, Inc. 1685 10/24/14 10/24/14 2014-22 11/03/14 7 Fil-Agro Rural Bank, Inc. 1486 09/25/14 09/26/14 2014-21 10/27/14 8 Gulf Bank (Rural Bank of Lingayen, Inc.) 543 04/03/14 04/04/14 2014-11 04/16/14 9 Rural Bank of Burauen 1922 12/04/14 12/10/14 2014-25 12/19/14 10 Rural Bank of Labrador (Pangasinan), Inc. 596 04/16/15 04/16/15 2015-08 04/21/15 11 Rural Bank of Lobo, Inc. 1438 09/18/14 09/19/14 2014-20 10/16/14 12 Rural Bank of Magsingal (Ilocos Sur), Inc. 331.13 03/05/15 03/06/15 2015-07 03/30/15 13 Rural Bank of Montevista (Davao Del Norte), Inc. 407 03/06/14 03/07/14 2014-09 03/25/14 14 Rural Bank of Oroquieta (Misamis Occidental), Inc. 1143 07/21/14 07/22/14 2014-18 08/26/14 15 Rural Bank of Padre Burgos (Southern Leyte), Inc. 1392.A 09/12/14 09/15/14 2014-19 09/18/14 16 Rural Bank of Pres. M.A. Roxas (Zamboanga Del Norte) 464 03/20/14 03/21/14 2014-12 04/24/14 17 Rural Bank of Reina Mercedes (Isabela), Inc. 204 02/07/14 02/10/14 2014-07 02/27/14 18 Rural Bank of Sta. Magdalena (Sorsogon), Inc. 756.A 05/14/15 05/15/15 2015-10 05/22/15 19 Rural Bank of Taysan (Batangas), Inc. 1001.B 06/26/15 06/29/15 2015-13 07/10/15 20 Siargao Bank (A Rural Bank), Inc. 919.B 06/11/15 06/15/15 2015-12 07/06/15 21 Silangan Savings and Loan Bank, Inc. 36-A 01/09/14 01/10/14 2014-01 01/16/14 22 Surigaonon Rural Banking Corporation 634 04/23/15 04/24/15 2015-11 05/25/15 23 Synergy Rural Bank, Inc. 1753.A 11/06/14 11/07/14 2014-24 12/12/14 n Note from the Publisher: Copied verbatim from the official copy.