Directing the Abolition of the Municipal Development Fund Office, Transferring Its Assets, Liabilities and Obligations to the Department of Finance, and for Other Purposes

May 16, 2014 BANK BULLETIN NO. 13-14 TO : All BIR Authorized Agent Banks SUBJECT : Cavite Rural Banking Corporation Effective immediately, all Authorized Agent Banks are hereby advised not to accept CAVITE RURAL BANKING CORPORATION'S 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 May 9, 2014 informing the Bureau of Internal Revenue of the issuance of Monetary Board Resolution No. 706.A dated May 9, 2014 which prohibited CAVITE RURAL BANKING CORPORATION with Head Office Address at M.H. del Pilar St. corner Kiamzon St. Silang, Cavite from doing business in the Philippines and placed the same under receivership with the PDIC as the designated Receiver. The Bank has three (3) branches located at the following addresses: BANK BRANCH BANK ADDRESS Amadeo (EO) Poblacion, Amadeo, Cavite Buho (EO) Amadeo, Cavite Silang J.P. Rizal St., Silang, Cavite For your guidance and strict compliance. (SGD.) KIM S. JACINTO-HENARES Commissioner of Internal Revenue