2/18/2017

Philippine Banks Closed Down in 2017


The year 2017 was a better year compared to the year 2016 in terms of Philippine bank failures. Only 7 banks were closed down. Six were rural banks and one was a thrift bank.

In 2016, there were 22 banks closed down by the BSP and one voluntarily surrendered its banking license. Of the 22 closed down, 20 were rural banks and 2 were thrift banks.

Updated January 10, 2018

Philippine Banks Closed Down in 2017                        


1.  Countryside Cooperative Rural Bank of Batangas
       - Head Office address at National Road, Brgy. Pallocan Kanluran, Batangas City
       - Had 4 branches:
           - Antorcha St., Balayan, Batangas
           - Poblacion, Padre Garcia, Batangas
           - GF M.B. Perez Business Center, JP Laurel St., Tanauan
           - Palanas, Lemery, Batangas
       - Closed down by the BSP on January 12, 2017
       - Taken over by the PDIC on January 13, 2017

2.  Rural Bank of Barotac Viejo (Iloilo), Inc.
      - Head Office address at Zulueta Drive, Brgy. Poblacion
            Barotac Viejo, Iloilo City
      - Had 2 branches:
           - Virginia Bldg., Brgy. Hechanova, Jaro, Iloilo City
          - Brgy. Poblacion, Concepcion, Iloilo
      - Closed down by the BSP on February 23, 2017
      - Taken over by the PDIC on February 24, 2017

3.  Rural Bank of GOA (Camarines Sur), Inc.
      - Head Office address at San Jose (Poblacion), Goa, Camarines Sur
      - Had one branch located at San Vicente, Pili, Camarines Sur
      - Closed down by the BSP on March 16, 2017
      - Taken over by the PDIC on March 17, 2017

4.  Rural Bank of Ragay (Camarines Sur), Inc.
     - Head Office address at Tomas Delgado St.
         cor. Provincial Road
         Poblacion Ilaod, Ragay, Camarines Sur
    - Had one branch, located at Zone 1, Fatima (Poblacion)
        Del Gallego, Camarines Sur
   - Closed down by the BSP on April 20, 2017
   - Taken over by the PDIC on April 21, 2017

5.  Rural Bank of Iligan City Inc.
     - Office address at No. 0045 Gen. Aguinaldo St.
        Brgy. Poblacion, Iligan City
    - Closed down by the BSP on April 20, 2017
    - Taken over by the PDIC on April 21, 2017

6.  World Partners Bank (A Thrift Bank), Inc.
     - Head office at 74 A. Mabini St., Brgy. Poblacion,
          San Pedro, Laguna
     - Had 4 branches:
        - Bagbaguin, Sta. Maria, Bulacan
        - San Pablo Shopping Mall, San Pablo City
        - HBC Bldg., Calvario, Meycauayan, Bulacan
        - A. Mabini St., Tanauan, Batangas
  - Closed down by the BSP on August 11, 2017
  - Taken over by the PDIC on August 11, 2017

7.  Cabanatuan City Rural Bank, Inc.
      - Head Office address at Liwag Building, P. Burgos Ave.
          Brgy. Padre Burgos (Pob.), Cabanatuan City
      - Had 6 branches:
          Bongabon, Nueva Ecija
          Rizal, Nueva Ecija
          San Antonio, Nueva Ecija
          San Jose City, Nueva Ecija
          Talavera, Nueva Ecija
          Zaragoza, Nueva Ecija
      - Closed down by the BSP on September 28, 2017
      - Taken over by the PDIC on September 29, 2017

Related posts:
  Biggest Bank Failures in the Philippines
  Banks Closed Down in 2016 
  Banks Closed Down in 2015  
  Top Rural Banks in the Philippines, by Assets, as of September 2016
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