Here’s a list of banks closed by the BSP in 2007:
15 rural banks closed
2 savings bank closed (Sandigan Savings Bank and Area Development Bank)
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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
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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