2012: 24 failed banks
(1 commercial bank, 22 rural banks, 1 coop bank)
2011: 29 failed banks
(4 savings banks, 25 rural banks, 0 coop bank)
2010: 25 failed banks
(1 savings bank, 21 rural banks, 3 coop banks)
2009: 31 failed banks
(2 savings banks, 27 rural banks, 2 coop banks)
2008: 24 failed banks
(0 savings bank , 22 rural banks, 1 coop bank)
Philippine Banks That Failed in 2013
as of January 10, 2014:. A total of 18 banks failed in 2013.
. All of them were rural banks.
. The biggest was Cooperative Rural Bank of Bulacan
which had 2.17 billion pesos in total deposit liabilities
when it was closed.
18. Sarangani Rural Bank, Inc.
- Office along P. Acharon Blvd., General Santos City
South Cotabato
- Had total deposits of 45.57 million as of September 2013
- Almost all of the 2,407 accounts, owned mostly by
market vendors, are fully covered by PDIC
- Closed by the BSP on December 5, 2013
- Taken over by the PDIC on December 6, 2013
17. Rural Bank of Alaminos (Laguna), Inc.
- Head Office address: No. 99 Rizal St.
Alaminos, Laguna
- Had 2 branches: Sto. Tomas, Batangas
and San Pablo City, Laguna
- Closed by the BSP on November 14, 2013
- Taken over by the PDIC on November 15, 2013
16. Rural Bank of Catubig (Northern Samar), Inc.
- Office address: Poblacion Catubig, Northern Samar
- President: Nelida J. Uy
- Closed by the BSP on November 7, 2013
- Taken over by the PDIC on November 7, 2013
15. Rural Bank of Hagonoy (Davao Del Sur), Inc.
- Office address: Guihing, Hagonoy, Davao del Sur
- Closed by the BSP on September 19, 2013.
- Taken over by the PDIC on September 20, 2013
14. Rural Bank of Sto. Tomas (Davao Del Norte), Inc.
- Head Office address along R. Magsaysay Ave.
Sto. Tomas, Davao del Norte
- Had 2 branches: Braulio E. Dujali and Asuncion
in Davao del Norte
- Closed by the BSP on September 13, 2013
- Taken over by the PDIC on September 16, 2013
13. Rural Bank of La Trinidad, Inc.
- Head Office at Solis Bldg., JC 105, Km. 5,
Pico, La Trinidad, Benguet
- Had 1 branch: AB Fernandez Ave., Dagupan City
- Closed by the BSP on August 15, 2013
- Taken over by the PDIC on August 22, 2013
12. Rural Bank of San Jose del Monte, Inc.
- Head Office at 204 Quirino Highway, Tungkong Mangga
San Jose del Monte City, Bulacan
- Had 3 branches:
- McArthur Highway, Apalit, Pampanga
- McArthur Highway, Meycauayan, Bulacan
- Sapang Palay, San Jose del Monte, Bulacan
- Closed by the BSP on August 1, 2013
- Taken over by the PDIC on August 2, 2013
11. Quezon Traders Rural Bank of Candelaria
(Quezon), Inc.
- Office at Cabunag St., Pahinga I, Poblacion
Candelaria, Quezon
- Closed by the BSP on July 11, 2013
- Taken over by the PDIC on July 12, 2013
10. Rural Bank of San Fernando (Cebu) Inc.
- Office in San Fernando, Cebu
- Closed by the BSP on July 4, 2013
- Taken over by the PDIC on July 5, 2013
- Office address at J. Bocar corner Cardona St.,
Borongan, Eastern Samar
- Closed by the BSP on June 14, 2013
- Taken over by the PDIC on June 17, 2013
- Head Office at P. Burgos St., Naval, Biliran, Leyte
- Had 1 branch, located in Carigara, Leyte
- Closed by the BSP on May 30, 2013
- Taken over by the PDIC on May 31, 2013
7. Cooperative Rural Bank of Bulacan
- Head office in Banga I, Plaridel, Bulacan
- Had 17 branches
- Had 44,388 bank accounts with total deposits
of 2.17 billion pesos
- Closed by the BSP on May 23, 2013
- Taken over by the PDIC on May 24, 2013
6. Rural Bank of Kinogitan (Misamis Oriental), Inc.
- Office address in Kinogitan, Misamis Oriental
- Closed by the BSP on March 26, 2013
- Taken over by the PDIC on March 27, 2013
5. La Consolacion Rural Bank, Inc.
- Office at CCP Bldg., National Highway, Landayan,
San Pedro, Laguna
- Closed by the BSP on March 15, 2013
- Taken over by the PDIC on March 15, 2013
4. Rural Bank of Buenavista (Agusan Del Norte), Inc.
- Head Office in Buenavista, Agusan del Norte
- One branch in San Francisco, Agusan del Sur
- Closed by the BSP on March 4, 2013
- Taken over by the PDIC on March 4, 2013
3. Rural Bank of Majayjay (Laguna), Inc.
- Head Office at P.Zamora St., Majayjay. Laguna
- Closed by the BSP on February 7, 2013
- Taken over by the PDIC on February 8, 2013
2. Rural Bank of Gainza (Camarines Sur), Inc.
- Head Office in Poblacion, Gainza, Camarines Sur
- Closed by the BSP on January 31, 2013
- Taken over by the PDIC on February 1, 2013
- Head office at Governor's Drive, Trece Martires City, Cavite
- Closed by the BSP on January 24, 2013
- Taken over by the PDIC on January 24, 2013
Philippine Banks Closed Down in 2015
Banks Closed Down in 2014
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