Philippine Deposit Insurance Corporation(PDIC)

June 19, 2023 Dear Sherman Cyrus Del Rosario, Greetings! Thank you for your request dated Jun 17, 2023 12:07:16 AM under Executive Order No. 2 (s. 2016) on Freedom of Information in the Executive Branch. Your Request You asked for Request of certificate of insolvency. Response to Request Your FOI request is approved. Enclosed is a copy of Bangko Sentral ng Pilipinas (BSP) Circular Letter No. CL-2022-027 dated 22 March 2022 which contains the information you requested. Your right to request a review Further to our above response, please be informed that the Malaybalay Rural Bank, Inc. was not placed under the receivership of the Philippine Deposit Insurance Corporation. Nevertheless, as provided in the attached BSP Circular Letter, which we have downloaded from the website of the BSP at www.bsp.gov.ph, the bank ceased its operation in view of its voluntary surrender of its banking license. For information on banks that are not placed under the receivership of the PDIC, you may opt to visit the BSP website mentioned above. On the other hand, we also encourage visiting the PDIC website at pdic.gov.ph for information on banks that has been placed under PDIC receivership. May we also seek your help to improve our service delivery by answering the attached survey feedback. There is no right or wrong answer. We assure you that all information and answer to this survey will remain confidential. Please send your reply to the survey questions via email to [email protected] and indicate “Reply to FOI Survey Feedback for PDIC – FOI. Thank you. Respectfully, Joan De Leon FOI Receiving Officer