7.14.2013

Philippine Banks Closed in 2007

By Nora
Here's a list of banks closed by the BSP in 2007:

16   rural banks closed
  1   savings bank closed
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17   banks closed


17.  Rural Bank of Malilipot (Albay)
   - Head office at Belen St., Malilipot, Albay
   - Closed by the BSP on December 6, 2007
   - Taken over by the PDIC on December 7, 2007


16.  Orani Rural Bank (Bataan)
   - Head office at 2112 Centro Uno, Orani, Bataan
   - Had 1 branch: Public Market, Orani, Bataan
   - Closed by the BSP on December 6, 2007
   - Taken over by the PDIC on December 6, 2007


15.  Rural Bank of Milagros (Masbate)
   - Head office in Milagros, Masbate
   - Closed by the BSP on November 29, 2007
   - Taken over by the PDIC on December 3, 2007


14.  Rural Bank of Malabon
   - Head office at 92 Gen. Luna St., Brgy. San Agustin
     Malabon City
   - Closed by the BSP on November 29, 2007
   - Taken over by the PDIC on November 29, 2007


13.  Rural Bank of Sta. Barbara (Pangasinan)
   - Head office in Poblacion Sur, Sta. Barbara, Pangasinan
   - Had 6 branches:
     - Urdaneta, Pangasinan
     - Mangaldan, Pangasinan
     - Tayug, Pangasinan
     - Santa Maria, Pangasinan
     - Asingan, Pangasinan
     - Poblacion East, Calasiao, Pangasinan
   - Closed by the BSP on November 16, 2007
   - Taken over by the PDIC on November 19, 2007


12.  Rural Bank of Laur (Nueva Ecija)
   - Head office at Gen. Tinio St.
     Poblacion, Laur, Nueva Ecija
   - Closed by the BSP on October 25, 2007
   - Taken over by the PDIC on October 26, 2007


11.  Rural Bank of Sebaste (Antique)
   - Head office in Poblacion, Sebaste, Antique
   - Had 2 branches:
     - Poblacion, Numancia, Aklan
     - Boracay, Malay, Aklan
   - Closed by the BSP on August 24, 2007
   - Taken over by the PDIC on August 25, 2007


10.  Sandigan Savings Bank
   - Head office at Canlapan St. corner T. Alonzo St.
     Malolos City, Bulacan
   - Had 6 branches:
     - Pag-asa, Obando, Bulacan
     - Banga, Plaridel, Bulacan
     - Corazon, Calumpit, Bulacan
     - Poblacion, Pulilan, Bulacan
     - San Vicente, Apalit, Pampanga
     - Abangan Sur, Marilao, Bulacan
   - Closed by the BSP on August 24, 2007
   - Taken over by the PDIC on August 24, 2007


9.  Maranao Rural Bank
   - Head office in Moncado Colony, Marawi City
   - Closed by the BSP on August 16, 2007
   - Taken over by the PDIC on August 17, 2007


8.  Rural Bank of San Fernando (Romblon)
   - Head office in Poblacion, San Fernando , Romblon
   - Closed by the BSP on August 2, 2007
   - Taken over by the PDIC on August 7, 2007


7.  Rural Bank of Gen. Aguinaldo (Cavite)
   - Head office at Magallanes St.
     Gen. Emilio Aguinaldo, Cavite
   - Had 2 branches: Amadeo in Cavite and
     Malanday in Marikina City
   - Closed by the BSP on August 2, 2007
   - Taken over by the PDIC on August 2, 2007


6.  Banco Rural de San Antonio (Pangasinan)
   - Head office in San Antonio, Poblacion, Sto. Tomas, Pangasinan
   - Closed by the BSP onMay 24, 2007
   - Taken over by the PDIC on May 25, 2007


5.  New Settlers Bank (A Rural Bank)
   - Head office at Talisay Ave., Parang, Maguindanao
   - Closed by the BSP on June 7, 2007
   - Taken over by the PDIC on June 8, 2007


4.  Excel Rural Bank
   - Head office at 61 G.A. Solis St.
     Lipa City, Batangas
   - Closed by the BSP on June 7, 2007
   - Taken over by the PDIC on June 7, 2007


3.  Area Development Bank
   - Head office at Sambali Center
     Alejandro G. Camara Bldg.
     Iba, Zambales
   - Had 2 branches: Palauig and Sta. Cruz, Zambales
   - Closed by the BSP on May 17, 2007
   - Taken over by the PDIC on May 18, 2007


2.  Rural Bank of Santol (La Union)
   - Head office in Corro-oy, Santol, La Union
   - Had 3 branches: Balaoan and Bangar in La Union
     and in Tagudin, Ilocos Sur
   - Closed by the BSP on February 22, 2007
   - Taken over by the PDIC on February 22, 2007


1.   Rural Bank of Cajidiocan (Romblon)
    - Head Office at R. Magsaysay Ave. cor. Arellano St.
      Poblacion, Cajidiocan, Romblon
    - Had 1 branch: Alcantara, Tablas Island, Romblon
    - Closed by the BSP on February 8, 2007
    - Taken over by the PDIC on February 9, 2007

Failed banks in 2007
Closed banks in 2007

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