3.31.2013

Philippine Banks Closed in 2008

By Nora

Here are the 24 banks in the Philippines that were closed by the BSP in 2008 and put into receivership under the PDIC in 2008.

         22      Rural banks
          1       Cooperative bank
          1       Thrift bank or savings bank
      _____
        24       Banks closed in 2008


1.  Rural Bank of Lupon (Davao Oriental), Inc.
- Office at Poblacion, Lupon, Davao Oriental
- Closed by BSP: January 10, 2008
- Receivership by PDIC: January 10, 2008

2.  Cooperative Rural Bank of Aklan, Inc.
- Head Office at Toting Reyes St., Kalibo, Aklan
- Had 4 branches: Pandan in Antique; Altavas, Ibajay and Malay in Aklan
- Closed by BSP: January 30, 2008
- Receivership by PDIC: January 30, 2008

3.  Bankwise, Inc., A Thrift Bank
- Head office at 5th Floor, Crown Prince Court Bldg.
  No. 828 A. Arnaiz Avennue, Brgy. San Lorenzo, Makati City
- Had 5 branches: EDSA in Mandaluyong, Timog in Quezon City
  Talon I in Las Pinas City, Cebu City, Davao City
- Closed by BSP: February 7, 2008
- Receivership by PDIC: February 8, 2008

4.  Rural Bank of Silang Cavite, Inc.
- Office at M. Kiamzon St., Silang, Cavite
- Closed by BSP: April 3, 2008
- Receivership by PDIC: April 4, 2008

5.  G7 Bank, A Rural Bank
- Head Office at Panganiban Drive corner Concepcion Pequeña, Naga City
- Had 6 branches: Naga City, Ortigas Center in Pasig City,
  Nabua in Camarines Sur and  Daraga, Ligao and Polangui in Albay
- Closed by BSP: July 31, 2008
- Receivership by PDIC: August 1, 2008

6.  Rural Bank of Bamban Tarlac, Inc.
- Office at A&A Bldg., C. Santos St. corner J.P. Rizal Ext., Bamban, Tarlac
- Closed by BSP: August 29, 2008
- Receivership by PDIC: September 1, 2008

7.  Rural Bank of Lambayong, Sultan Kudarat, Inc.
- Office at Poblacion, Lambayong, Sultan Kudarat
- Closed by BSP: August 29, 2008
- Receivership by PDIC: September 1, 2008

8.  Polillo Islands Rural Bank (Quezon), Inc.
- Office at Poblacion, Polillo, Quezon
- Closed by BSP: September 11, 2008
- Receivership by PDIC: September 15, 2008

9.  New Rural Bank of Guimba (Nueva Ecija), Inc.
- Office address at Poblacion, Guimba, Nueva Ecija
- Closed by BSP: September 11, 2008
- Receivership by PDIC: September 12, 2008

10.  Rural Bank of Parañaque, Inc.
- Head Office address at 434 Quirino Ave., Brgy. La Huerta, Parañaque City
- 4 branches:
  Real St., Brgy. Talon I, Las Piñas City
  E. Rodriguez Ave., Brgy. Concepcion I, Marikina City
  Melendres, F. Manalo St., Brgy. Bambang, Pasig City
  Sumulong Highway, Brgy. Mayamot, Antipolo City
- Closed by BSP: December 9, 2008
- Receivership by PDIC: December 9, 2008

11. Rural Bank of Nueva Caceres (Naga City), Inc.
- Office address at Barlin corner P. Diaz St., Naga City
- Closed by BSP: December 11, 2008
- Receivership by PDIC: December 12, 2008

12.  Rural Bank of San Jose (Batangas), Inc.
- Office at Makalintal Ave., San Jose, Batangas
- Closed by BSP: December 11, 2008
- Receivership by PDIC: December 12, 2008

13.  Pilipino Rural Bank (Argao, Cebu), Inc.
- Head Office address at R. Señido Bldg.
  A.C. Cortes Ave., Cambaro, Mandaue City
- Had 3 branches: Argao in Cebu, Dumaguete City and Tagbilaran City
- Closed by BSP: December 11, 2008
- Receivership by PDIC: December 12, 2008

14.  Rural Bank of Bais, (Negros Or.), Inc.
- Head Office at Bais Central, Bais City
- Had 3 branches: Bais City, Mandau City in Cebu,
  Tanjay City in Negro Oriental
- Closed by BSP: December 11, 2008
- Receivership by PDIC: December 12, 2008

15.  Bank of East Asia, Inc.
- Also named Banco Rural de Bisayas (Minglanilla, Cebu) Inc.
- Head Office address at Poblacion, Minglanilla, Cebu
- Had 2 branches: Balamban in Cebu, Bogo in Cebu
- Closed by BSP: December 12, 2008
- Receivership by PDIC: December 15, 2008

16.  First Interstate Bank (Rural Bank of Kananga, Leyte), Inc.
- Head Office address at 354 F.A. Larrazabal St., Kananga, Leyte
- Had 5 branches in Leyte: Baybay, Carigara, Maasin, Hilongos, Palo
- Closed by BSP: December 12, 2008
- Receivership by PDIC: December 15, 2008

17.  Philippine Countryside Rural Bank (Cebu), Inc.
- Head Office address at Poblacion, Liloan, Cebu
- Had 7 branches: Banilad in Mandaue City, Consolacion in Cebu,
  Lapu-Lapu City, Mandaue City, Naga in Cebu, Cagayan de Oro City
  and Catarman in Camiguin
- Closed by BSP: December 12, 2008
- Receivership by PDIC: December 15, 2008

18.  San Pablo City Development Bank
- Head Office address at 72 Crispin Calabia Ave.
   Brgy. San Francisco, San Pablo City
- Had 1 branch: A. Flores St., San Pablo City
- A rural bank owned by the Legacy Group
- Closed by BSP: December 16, 2008
- Receivership by PDIC: December 17, 2008

19.  Dynamic Bank [Rural Bank of Calatagan (Batangas), Inc.
- Head Office address at 148 Antorcha St., Poblacion, Balayan, Batangas
- Had 7 branches: 1 in Batangas City, 3 in Batangas,
   2 in Los Baños, 1 in Calamba
- Closed by BSP: December 16, 2008
- Receivership by PDIC: December 17, 2008

20.  Community Rural Bank of San Joaquin (Iloilo), Inc.
- Office at Poblacion, San Joaquin, Iloilo
- Closed by BSP: December 19, 2008
- Receivership by PDIC: December 22, 2008

21.  Nation Bank, Inc., A Rural Bank
- Head Office address at cor. Libertad & Lopez Jaena Sts., Bacolod City
- Had 4 branches: Bago City, Binalbagan in Negros Occidental,
   La Carlota City, Iloilo City
- Closed by BSP: December 19, 2008
- Receivership by PDIC: December 22, 2008

22.  Rural Bank of DARBCI (Polomolok, South Cotabato), Inc.
- Office at Maitum, Sarangani Province
- Closed by BSP: December 19, 2008
- Receivership by PDIC: December 22, 2008

23.  BDB Bank, Inc., A Rural Bank
- Head Office address at 201 J.P. Rizal St. near Mabini St., Legaspi City
- Had 1 branch: Tabaco City, Albay
- Closed by BSP: December 19, 2008
- Receivership by PDIC: December 22, 2008

24.  Rural Bank of Carmen (Cebu), Inc.
- Office at Poblacion, Carmen, Cebu
- Closed by BSP: December 19, 2008
- Receivership by PDIC: December 22, 2008

Philippine Banks Closed in 2009 
Banks Closed in 2010

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