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
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