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BUKIDNON NEWS | VALENCIA BUKIDNON – Are you a Rural Bank of Valencia depositor? Did you invest your money in Rural Bank of Valencia, one of the banks in Valencia City, Bukidnon? It might interest you to know that this Valencia Bukidnon bank has now been placed under the receivership of the Philippine Deposit Insurance Corporation or PDIC.

The Monetary Board placed the Rural Bank of Valencia, Inc. in Bukidnon under PDIC receivership by virtue of MB Resolution No. 1204. A dated July 27, 2012.

This means that PDIC has TAKEN OVER RURAL BANK OF VALENCIA and that this was effective July 27, 2012.

According to this article, Rural Bank of Valencia is a single-unit bank in Valencia City, Bukidnon. Latest available records show that as of March 31, 2012, the Bank had 1,837 accounts with total deposit liabilities of P30.35 million. According to the latest General Information Sheet filed by RB Valencia with the Securities and Exchange Commission, the bank is majority owned by Susan Ramos (10.38 percent), Bukidnon Investment & Finance Corp. (9.75 percent), Ronaldo O. Yabut (9.74 percent), and Cleofe Mabao (8.08 percent), among others. Its Chairman is Carmen C. Yap and its President is Rogelio M. Roque.

For more details about this bank takeover, read here.

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