2.18.2017

Philippine Banks Closed Down in 2017

By Nora

Last year, 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.

Philippine Banks Closed Down in 2017


                           As of June 3, 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


Related posts:
  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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