25 Philippine Banks Closed in 2010

10.14.2012

There were 25 Philippine banks closed by the Bangko Sentral ng Pilipinas (BSP) and taken over by the Philippine Deposit Insurance Corp. (PDIC) in 2010.

 1   Savings Bank
 3   Cooperative Bank
21  Rural Banks
25  Banks

Banks are listed according to date of closure

1
APEX RURAL BANK (BULACAN), INC.
 - Office address: Wawa, Balagtas, Bulacan
 - Closed by the BSP on January 14, 2010
 - Taken over by the PDIC as receiver on January 15, 2010

2
RURAL BANK OF LAOAC (PANGASINAN), INC.
 - Office address: Agbayani Road, Poblacion, Laoac, Pangasinan,
 - Closed by the BSP on February 11, 2010
 - Taken over by the PDIC as receiver on February 12, 2010

3
EUROCREDIT COMMUNITY BANK, INC., A RURAL BANK
 - Office address: Sto. Niño (Faire), Cagayan
 - 2 Branches:
     Baggao, Cagayan
     Sanchez Mira, Cagayan

 - Closed by the BSP on March 4, 2010
 - Taken over by the PDIC as receiver on March 5, 2010

4
RURAL BANK OF IVISAN (CAPIZ), INC.
 - Office address: Poblacion Sur, Ivisan, Capiz
 - Closed by the BSP on March 4, 2010
 - Taken over by the PDIC as receiver on March 5, 2010

5
BANI RURAL BANK (PANGASINAN), INC.
 - Office address: Bani, Pangasinan 
 - 5 branches:
     Alaminos City, Pangasinan
     Binmaley, Pangasinan
    Agoo, La Union
    Rosario, La Union
    Masinloc, Zambales

 - Closed by the BSP on May 20, 2010
 - Taken over by the PDIC as receiver on May 21, 2010

6
BMS RURAL BANK, INC.
 - Office address: 12 Doña Juana Subd., C. Raymundo Ave., Rosario, Pasig City 
 - 12 branches:
     3 Urbano Velasco St., Brgy. Pinagbuhatan, Pasig City
     100-A QSB Bldg., Sumulong Highway, Brgy. Mayamot, Antipolo City, Rizal
     214 National Highway, Brgy. Calumpang, Binangonan, Rizal
     Felix Ave., Karangalan Village, Cainta, Rizal
     Ilog Pugad, National Road, Brgy. San Juan, Taytay, Rizal
     Unno, Gen. Aguinaldo Highway, Lemanz Bldg., Bayan Luma, Imus, Cavite
     BMS Plaza, Brgy Niog II, Ilaya, Bacoor, Cavite
    Aguinaldo Highway, Salitran I, Dasmariñas, Cavite
    202 A. Bonifacio St., Canlalay, Biñan, Laguna
    10 National Highway, Brgy. Bucal, City of Calamba, Laguna
    RDR Complex cor. National Road & Maharlika St., San Pedro, Laguna
    Brgy. Pulong, Sta. Cruz, City of Sta. Rosa, Laguna

 - Closed by the BSP on May 24, 2010
 - Taken over by the PDIC as receiver on May 25, 2010

7
COOPERATIVE BANK OF CAMARINES SUR
 - Office address: 19-21 PEDCOR Bldg., Zamora St., Naga City, Camarines Sur
 - 2 branches:
     Libmanan, Camarines Sur
     New Market Bldg., San Roque, Pili, Camarines Sur

 - Closed by the BSP on May 27, 2010
 - Taken over by the PDIC as receiver on May 28, 2010

8
COOPERATIVE BANK OF NUEVA ECIJA
 - Office address: Maharlika Highway, Cabanatuan City, Nueva Ecija
 - 4 branches:
    Gen. Tinio, City of Gapan, Nueva Ecija
    Afan St., Guimba, Nueva Ecija
    Public Market, San Jose City, Nueva Ecija
    Poblacion, Talavera, Nueva Ecija

 - Closed by the BSP on May 27, 2010
 - Taken over by the PDIC as receiver on May 28, 2010

9
RURAL BANK OF OZAMIZ CITY (MIS. OCC.), INC.
 - Office address: Ground Floor, Park Hotel, Rizal Ave., Ozamiz City, Misamis Occidental
 - Closed by the BSP on May 27, 2010
 - Taken over by the PDIC as receiver on May 28, 2010

10
RURAL BANK OF BANGUED (ABRA), INC.
 - Office address: Bangued, Abra
 - Closed by the BSP on June 17, 2010
 - Taken over by the PDIC as receiver on June 18, 2010

11
PEÑAFRANCIA SAVINGS AND LOAN ASSOCIATION, INC.
 - Office address: Highway I, San Roque, Iriga City, Camarines Sur
 - One branch in Bacoor, Cavite
 - Closed by the BSP on July 8, 2010
 - Taken over by the PDIC as receiver on July 9, 2010

12
RURAL BANK OF SAN ANTONIO (ZAMBALES), INC.
 - Office address: San Antonio, Zambales 
 - Closed by the BSP on July 8, 2010
 - Taken over by the PDIC as receiver on July 9, 2010

13
RURAL BANK OF SAINT JOSEPH (BARAS), INC.
 - Office address: J.P. Rizal St., Baras, Rizal
  - Closed by the BSP on July 15, 2010
 - Taken over by the PDIC as receiver on July 16, 2010

14
RURAL BANK OF ISULAN (SULTAN KUDARAT), INC.
 - Office address: National Highway, Isulan, Sultan Kudarat
 - 3 branches:
    Esperanza, Sultan Kudarat
    President Quirino, Sultan Kudarat
    M’lang, North Cotabato

 - Closed by the BSP on July 22, 2010
 - Taken over by the PDIC as receiver on July 26, 2010

15
RURAL BANK OF MILAOR (CAMARINES SUR), INC.
 - Office address: Sto. Domingo, Milaor, Camarines Sur
 - Closed by the BSP on August 12, 2010
 - Taken over by the PDIC as receiver on August 12, 2010

16
RURAL BANK OF SAN ANTONIO DE PADUA (LAGUNA), INC.
 - Office address Rizal St., Pila, Laguna
 - 2 branches:
    Nagcarlan, Laguna
    Luisiana, Laguna

 - Closed by the BSP on August 26, 2010
 - Taken over by the PDIC as receiver on August 27, 2010

17
RURAL BANK OF PITOGO (QUEZON), INC.
 - Office address: A. Mabini St., Pitogo, Quezon
 - One branch in Catanauan, Quezon
 - Closed by the BSP on August 26, 2010
 - Taken over by the PDIC as receiver on August 27, 2010

18
RURAL BANK OF STA. CRUZ (MARINDUQUE), INC.
 - Office address: Quezon St., Brgy. Maharlika, Sta. Cruz, Marinduque
 - One branch in Boac, Marinduque
 - Closed by the BSP on September 2, 2010
 - Taken over by the PDIC as receiver on September 3, 2010

19
COOPERATIVE BANK OF LANAO DEL NORTE
 - Office address: Tubod, Lanao del Norte
 - Closed by the BSP on September 16, 2010
 - Taken over by the PDIC as receiver on September 17, 2010

20
RURAL BANK OF AYUNGON (NEGROS ORIENTAL), INC.

 - Office address: Ayungon, Negros Oriental
 - Closed by the BSP on October 14, 2010
 - Taken over by the PDIC as receiver on October 15, 2010

21
RURAL BANK OF LAGONOY (CAMARINES SUR), INC.
 - Office address: Lagonoy, Camarines Sur
 - Closed by the BSP on October 14, 2010
 - Taken over by the PDIC as receiver on October 15, 2010

22
RURAL BANK OF HINIGARAN (NEGROS OCCIDENTAL), INC.
 - Office address: Rizal St., Hinigaran, Negros Occidental  
 - 3 branches:
     Burgos St., Vallamonte, Bacolod City
     Rizal cor. Avila Sts., Valladolid, Negros Occidental
     Murcia, Negros Occidental

 - Closed by the BSP on October 14, 2010
 - Taken over by the PDIC as receiver on October 15, 2010

23
ASSEMBLYMAN RAFAEL B. LEGASPI RURAL BANK OF AKLAN, INC.
 - Office address: Laguinbanua West, Numancia, Aklan
 - Closed by the BSP on November 4, 2010
 - Taken over by the PDIC as receiver on November 5, 2010

24
FIRST COUNTRY RURAL BANK (PASIG CITY), INC.
 - Office address: UG 6 Mega Plaza, ADB Ave. cor. Garnet Road, Ortigas Center, Pasig City
 - Closed by the BSP on December 9, 2010
 - Taken over by the PDIC as receiver December 10, 2010

25
RURAL BANK OF STA. ROSA (NUEVA ECIJA), INC.
 - Office address: Maharlika Road cor. Rizal St., Poblacion, Sta. Rosa, Nueva Ecija
 - Closed by the BSP on December 9, 2010
 - Taken over by the PDIC as receiver on December 10, 2010

Closed Banks 2011
Closed Banks 2012
Closed Banks Philippines 2010 

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