Regulatory Alerts2026-08-06
Added
Purchase of Assets and Assumption of Liabilities of Rural Bank of Capalonga (Camarines Norte), Inc. (RBCAP) by the Rural Bank of Paracale (Camarines Norte), Inc. (PCALE), and RBCAP’s Surrender of its Banking License
The Monetary Board approved the Purchase of Assets and Assumption of Liabilities (P&A) of Rural Bank of Capalonga (Camarines Norte), Inc. (RBCAP) by the Rural Bank of Paracale (Camarines Norte), Inc. (PCALE) through Resolution No. 389 dated 6 May 2026. PCALE completed this P&A transaction effective 17 July 2026. Consequently, RBCAP ceased operations and surrendered its Certificate of Authority on 17 July 2026. This information is for all BSP-Supervised Financial Institutions.
File/Ref. No. FSDVII-2025-03-0115t-FSD7-PCALE FSS Licensing Form No. 02-018 * Version 1 * Updated 31 July 2024 Page 1 of 1 Classification: GENERAL FINANCIAL SUPERVISION SECTOR | OFFICE OF THE DEPUTY GOVERNOR CIRCULAR LETTER NO. CL-2026-______ To : All BSP-Supervised Financial Institutions Subject : Purchase of Assets and Assumption of Liabilities of Rural Bank of Capalonga (Camarines Norte), Inc. (RBCAP) by the Rural Bank of Paracale (Camarines Norte), Inc. (PCALE), and RBCAP’s Surrender of its Banking License The Monetary Board, in its Resolution No. 389 dated 6 May 2026, approved the Purchase of Assets and Assumption of Liabilities (P&A) of Rural Bank of Capalonga (Camarines Norte), Inc. (RBCAP) by the Rural Bank of Paracale (Camarines Norte), Inc. (PCALE). PCALE completed the P&A transaction effective 17 July 2026. RBCAP ceased operations and surrendered its Certificate of Authority on 17 July 2026. For information and guidance. LYN I. JAVIER Deputy Governor __ 06 August 2026