Regulatory Alerts2026-06-30
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CL-2026-032: Cavite United Rural Bank Corporation – Voluntary Surrender of Banking License
The Bangko Sentral ng Pilipinas issued Circular Letter CL-2026-032 to inform supervised financial institutions of the Monetary Board's approval of Cavite United Rural Bank Corporation's voluntary surrender of its banking license. This action was formalized under Resolution No. 518 dated 11 June 2026. The circular serves as official guidance regarding the termination of the bank's regulatory authorization.
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OFFICE OF THE DEPUTY GOVERNOR I FINANCIAL SUPERVISION SECTOR CIRCULAR LETTER NO. CL-2026-___ To : All BSP-Supervised Financial Institutions Subject : Cavite United Rural Bank Corporation – Voluntary Surrender of Banking License The Monetary Board, in its Resolution No. 518 dated 11 June 2026, approved the voluntary surrender by Cavite United Rural Bank Corporation of its banking license to the Bangko Sentral ng Pilipinas. For information and guidance. MA. BELINDA G. CARAAN Sector-in-Charge 30 June 2026 File/Ref. No. FSD IV-2025-10-0013k-FSD4-CL-CURBC Page 1 of 1