MB Resolution No. 1266.B dated 14 August 2015 - Placement of the Farmers' Rural Bank, Inc. Under Receivership

EIAN@KO SeNrnIL NO PILIPINAS OFFICE OF THE DEPUW GOVERNOR SUPERVISION AND EXAMINATION SECTOR crRcutAR TETTER NO. Ct - 2015 - @ To ALt BANKS AND NON-BANK FINANCIAL INSTITUTIONS Subject : MB Resolution No. 1266.8 dated 14 August 2015 Placement of the Farmers' Rural Bank, Inc. Under Receivership Notice is hereby given that the Monetary Board, in its Resolution No. 1256.8 dated 14 August 20L5, decided to prohibit the Farmers' Rural Bank, Inc., from doing business in the Philippines and to place its assets and affairs under receivership pursuant to Section 30 of Republic Act (R.A.) No. 7553 (The New Central Bank Act). The Philippine Deposit Insurance Corporation has been designated as Receiver of the aforementioned rural bank. For information and guidance, \v- ESTOR A. ESPENIILA Deputy Governo 14 August 2015 A. Mabini St., Malate 1004 Manila, Philippines . (632) 708-7701 . www.bsp.gov.ph o bspmail@)bsp.gov.ph