MESSAGE FROM THE PRESIDENT
“Cooperative Bank of Cagayan towering all odds and closing the fiscal 2023 with remarkable improvements in its operations”
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Press Release
October 1, 2024
HAPPY COOP MONTH
September 19, 2024
NOTICE FOR PUBLIC AUCTION
By virtue of Board Resolution No. 093 Series of 2024 , the COOPERATIVE BANK OF CAGAYAN will sell in public auction on October 10, 2024 at 2nd floor Coop Bank Bldg. its foreclosed property.
RULES OF PUBLIC AUCTION
- The minimum bid price shall not be lower than the selling price;
- The bidder shall accomplish his bid offer and enclosed in a sealed envelope addressed to the Bank;
- The name and address of the bidder shall be indicated in the face of the sealed envelope;
- 10% of the bid price shall be enclosed in the envelope;
- Bids without 10% of the bid price enclosed in the envelope shall be rejected outright;
- The property shall be awarded to the bidder who offered the highest bid;
- The 10% deposit of the awardee shall be automatically converted as partial payment;
- The winning bidder shall pay the remaining balance within five banking days from date of award;
- Failure of the winning bidder to settle the remaining balance shall result for forfeiture of his rights over the property subject of the bid;
- The deposit of the losing bidder shall be reimbursed;
- Pseudo bidders are not allowed;
- In case there is only one bidder for a particular property enumerated above, the bidding shall be considered a failure and the counsel of the Bank shall conduct the rebidding of the properties on October 25, 2024 and shall award the property to either the lone bidder or the bidder who shall conform with the requirements of this public auction;
- Interested bidders are enjoined to inspect the properties as the sale shall be in as is and where is basis;
- CBC reserves the right to reject any or all bids, to waive any formality therein, accept such bids as maybe considered most advantageous to the Bank. The decision of the bank represented by the undersigned shall be final and binding.
Opening of Bids shall be at 3:00 o’clock in the afternoon of October 10, 2024 or October 25, 2024 if necessary, at CoopBank Building, San Gabriel Tuguegarao City Cagayan
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CBC Officers on Cam with ka Arthur
Our Partners
A W A R D S
NCCB 2nd General Assembly
COOPERATIVE BANK OF CAGAYAN, Outstanding Valued Partner
June 11, 2016
Land Bank GAWAD PILAK
COOPERATIVE BANK OF CAGAYAN
25 Years of Partnership
NLDC 3rd Sipag Award
COOPERATIVE BANK OF CAGAYAN, Most Outstanding Program Partner for Luzon 1, Category 2,
September 26, 2008
NLDC 6th Sipag Award
COOPERATIVE BANK OF CAGAYAN, Most Outstanding Rural Financial Institution for Luzon 1, National Winner, September 28, 2011
Affiliates
Luzon Federation of Coop Banks
Cagayan Kalinga-Apayao Rural Banks Federation
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