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.
Philippine Banks Closed Down in 2017
(adsbygoogle = window.adsbygoogle || []).push({});
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