Philippines Banks Closed by the Bangko Sentral ng Pilipinas in 2011

9.23.2011

Updated December 31, 2011:

Here's a list of Philippine banks closed in 2011 by the Bangko Sentral ng Pilipinas (BSP) via Monetary Board Resolutions and taken over by the Philippine Deposit Insurance Corp. (PDIC):

Closed banks in 2011 as of  December 31, 2011:

-   4  savings banks
- 25 rural banks
  29 banks

Depositors: Call the PDIC Helpdesk -- 841-4630 and 4631 or email the Public Assistance Department at pad@pdic.gov.ph.

CLOSED BANKS or FAILED BANKS as of  December 31, 2011:

29
Rural Bank of Calubian (Leyte), Inc.
Sta. Filomena St., Brgy. Espinosa, Calubian, Leyte
Closed by the BSP: December 15, 2011
Taken Over by the PDIC: December 16, 2011

28
Rural Bank of Jordan (Iloilo), Inc.
Wharf Area, Rizal, Jordan, Guimaras Province
Closed by the BSP: December 15, 2011
Taken Over by the PDIC: December 16, 2011

27
Rural Bank of Angadanan (Isabela) Inc.
Centro 2, Angadanan, Isabela
Closed by the BSP: November 24, 2011
Taken Over by the PDIC: November 28, 2011

26
Rural Bank of Valencia (Negros Oriental) Inc.
Address: Larenat St., South Poblacion
Valencia, Negros Oriental
Closed by the BSP: November 17, 2011
Taken over by the PDIC: November 18, 2011

25
Rural Bank of Mawab (Davao) Inc.
Address: Poblacion, Mawab, Compostela Valley
Closed on: September 22, 2011
Taken over by the PDIC on September 23, 2011

24
Rural Bank of Mabini (Batangas) Inc.
Closed on: September 9, 2011

23
LBC Development Bank
Closed on: September 9, 2011
Head Office:  809 J.P. Rizal St. cor. Zobel St., Brgy. Poblacion, Makati City
Branches: 19

22
First Reliance Bank (Rural Bank of Indang (Cavite Inc.) 
Head Office: San Gregorio St., Indang, Cavite
Branch: Indang Public Market, Indang, Cavite
Closed on: August 18, 2011

21
Rural Bank of Tarlac Inc. 
Closed on: July 29, 2011

20
Bank of Calape Savings and Mortgage Bank
Closed on: July 29, 2011
Head Office: Poblacion, Calape, Bohol
Branch: 1 in Bohol

19
Rural Bank of Garcia-Hernandez (Bohol) Inc.
Closed on: July 21, 2011

18
Rural Bank of Matanao (Davao Del Sur) Inc.
Closed on: July 14, 2011
Start of filing of insured deposit claims: September 28, 2011
Last day of filing: July 15, 2013

17
Express Savings Bank Inc.
Closed on: July 7, 2011
Start of filing of insured deposit claims: September 28, 2011
Last day of filing: July 8, 2013
Head Office: J.P. Rizal Avenue, Cabuyao
Branches: 3, in Santa Rosa, Binan and San Pedro

16
Mambajao Community Rural Bank Inc.
Closed on: June 17, 2011
Start of filing of insured deposit claims: September 7, 2011
Last day of filing: June 21, 2013

15
Rural Bank of President Roxas (North Cotabato) Inc.
Closed on: June 2, 2011
Start of filing of insured deposit claims:
Last day of filing: June 3, 2013

14
Rural Bank of Nabas (Aklan) Inc.
Closed on: April 7, 2011
Start of filing of insured deposit claims: September 7, 2011
Last day of filing: April 8, 2013

13
Rural Bank of Tagudin (Ilocos Sur) Inc.
Closed on: April 7, 2011
Start of filing of insured deposit claims: September 7, 2011
Last day of filing: April 8, 2013

12
Rural Bank of Tampakan (South Cotabato) Inc.
Closed on: March 31, 2011
Start of filing of insured deposit claims:
Last day of filing: April 1, 2013

11
Rural Bank of Agno (Pangasinan) Inc.
Closed on: March 25, 2011
Start of filing of insured deposit claims:
Last day of filing: March 28, 2013

10
Banco Filipino Savings and Mortgage Bank
Closed: March 17, 2011
Start of filing of insured deposit claims: Apri 28, 2011
Last day for filing: March 18, 2013
Head Office:  101 Paseo de Roxas, cor Dela Rosa St., Legaspi Village, Makati City
Branches: 62 branches, 32 in Metro Manila and 30 in provinces

The PDIC reported that it has paid 6.13 billion pesos in deposit insurance claims to Banco Filipino depositors as of August 11, 2011. This represents 79% of BF’s estimated insured deposit of P7.76 billion. Payments have been made to 135,983 deposit accounts or 79% of BF's 172,323 deposit accounts.

Note: For all bank closures starting March 17, 2011, depositors with deposits amounting to 10,000 pesos or less are excused from filing insurance claims. These depositors will receive their money in the form of Postal Money Orders thru registered mail. They can encash these at post offices or at Land Bank branches.

09
Growers Rural Bank (Angono, Rizal) Inc.
Closed on: March 3, 2011
Start of filing of insured deposit claims: March 16, 2011
Last day of filing: March 4, 2013

08
Rural Bank of Manjuyod (Negros Oriental) Inc.
Closed on: February 17, 2011
Start of filing of insured deposit claims: March 9, 2011
Last day of filing: February 18, 2013

07
GMA Rural Bank (Cavite) Inc. or GMA Rural Bank of Cavite Inc.
Closed on: February 3, 2011
Start of Filing of Claims: February 16, 2011
Last day of filing: February 4, 2013

06
Rural Bank of Bingawan (Iloilo) Inc.
Closed on: February 3, 2011
Start of filing of insured deposit claims: February 21, 2011
Last day of filing: February 4, 2013

05
Rural Bank of Mapandan (Pangasinan) Inc.
Closed on: January 27, 2011
Start of filing of insured deposit claims:
Last day of filing: January 28, 2013

04
Rural Bank of Norzagaray (Bulacan) Inc.
Closed on: January 27, 2011
Start of filing of insured deposit claims: March 16, 2011
Last day of filing: January 28, 2013

03
Rural Bank of Zapote (Las Pinas) Inc.
Closed on: January 27, 2011
Start of filing of insured deposit claims: February 15, 2011
Last day of filing: January 28, 2013

02
Ibalon Rural Bank (Tabaco, Albay) Inc.
Closed on: January 13, 2011
Start of filing of insured deposit claims: January 25, 2011
Last day of filing: January 14, 2013

01
Rural Bank of Baler (Aurora) Inc.
Closed on: January 13, 2011
Start of filing of insured deposit claims: January 19, 2011
Last day of filing: January 14, 2013


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