BSP shutters Cagayan-based rural bank

BSP shutters Cagayan-based rural bank

Providence Rural Bank (photo handout from PDIC) The Bangko Sentral ng Pilipinas (BSP) closed Providence Rural Bank, Inc. on February 27, 2020 and placed it under receivership of the Philippine Deposit Insurance Corporation (PDIC).  PDIC took over the bank on February...