Rural Bank of San Marcelino, Inc.

February 21, 2023 BANK BULLETIN NO. 2023-03 TO : All BIR Authorized Agent Banks SUBJECT : Rural Bank of San Marcelino, Inc. Effective immediately, all Authorized Agent Banks are hereby advised not to accept checks, as well as taxpayers' checks drawn from RURAL BANK OF SAN MARCELINO, INC., with office address at #21 Agpalo St., Central, San Marcelino, Zambales, in payment of internal revenue taxes. This is in conformity with the Bangko Sentral ng Pilipinas (BSP) Monetary Board Resolution No. 170.A dated February 9, 2023 prohibiting the subject bank from doing business in the Philippines and placing it under receivership with the Philippine Deposit Insurance Corporation (PDIC) as the designated receiver, as stated in the letter dated February 10, 2023 of Mr. Angel B. Obrero, Officer-in-Charge, Receivership and Bank Management Group of PDIC. For your guidance and strict compliance. (SGD.) ROMEO D. LUMAGUI, JR. Commissioner of Internal Revenue ATTACHMENT Philippine Deposit Insurance Corporation February 10, 2023 ATTY. ROMEO D. LUMAGUI, JR. Commissioner Bureau of Internal Revenue BIR National Office Building Agham Road, Diliman, Quezon City Dear Commissioner Lumagui: Please be informed that, pursuant to Section 30 of R.A. No. 7653 (New Central Bank Act), the Monetary Board, in Resolution No. 170.A dated February 9, 2023, prohibited RURAL BANK OF SAN MARCELINO, INC. ("Bank") with office address at #21 Agpalo St., Central, San Marcelino, Zambales, from doing business in the Philippines and directed the PHILIPPINE DEPOSIT INSURANCE CORPORATION (PDIC) as Receiver to proceed with the takeover and liquidation of the Bank in accordance with Section 12 of R.A. 3591, as amended. The PDIC took over the Bank and its assets, records and affairs on February 10, 2023. Upon the placement of the Bank under liquidation, the powers, functions and duties, as well as the allowances, remunerations and perquisites of the directors, officers and stockholders of the Bank are terminated. Accordingly, the directors, officers and stockholders shall be barred from interfering in any way with the assets, records, and affairs of the Bank. Kindly address inquiries, communications or transactions relating to or involving the Bank to: The Public Assistance Department Philippine Deposit Insurance Corporation Mail/Courier at : PDIC Building, 2228 Chino Roces Avenue, Makati City 1231 Hotline : (02) 8841-4141 (for depositors within Metro Manila, during office hours) Toll Free : 1-800-1-888-7342 or 1-800-1-888-PDIC (for those outside Metro Manila, during office hours) Email : [emailprotected] Facebook : www.facebook.com/OfficialPDIC For visits to the PDIC PAC, clients are highly encouraged to request for an appointment, observe health protocols and present their vaccination cards. Appointment schedule may be secured through telephone, email or Facebook private message with contact details as provided above. Thank you. Very truly yours, (SGD.) ANGEL B. OBRERO Officer-in-Charge Receivership and Bank Management Group