BSP shuts down Tarlac-based rural bank
MANILA, Philippines – The Bangko Sentral ng Pilipinas (BSP) has placed the Tarlac-based First Provincial Bank Inc. (A Rural Bank) under the receivership of the state-run Philippine Deposit Insurance Corporation (PDIC). PDIC said in a statement that it took over First Provincial Rural Bank last April 20 by virtue of the BSP Monetary Board Resolution […]