Philippine Bank Closures in 2019

Here’s a list of Philippine bank closures in 2019:

There have been 11 banks that were closed down in 2019. Ten were rural banks and one was a savings bank, Maximum Savings Bank.

1.  Bagong Bangko Rural ng Malabang (Lanao del Sur), Inc. 
– Office address at 593 Bayan St., Brgy. China Town (Pob.)

Malabang, Lanao del Sur
– Closed by the BSP on January 24, 2019
– Taken over by the PDIC on January 24, 2019

2.  Rural Bank of Mabitac (Laguna), Inc.
– Head Office address at 17 J. Rizal St., Brgy. Sinagtala (Poblacion)
Mabitac, Laguna
– Closed down by the BSP on February 21, 2019
– Taken over by the PDIC on February 22, 2019

– Had 16 branches, located in Laguna, Batangas, Rizal and Quezon:
. Trapiche Rd., Poblacion Brgy. 6, City of Tanauan, Batangas
. LPA #2 Silva Bldg., Brgy. Banlic, Cabuyao City, Laguna
. 1003 Brgy. Mamatid, Cabuyao City, Laguna
. 194 JP Rizal St., Brgy. 6 (Pob.), City of Calamba, Laguna
. KCD Apartment C, Brgy. Dila, City of Sta. Rosa , Laguna
. Lopez Ave., Batong Malake, Los Baños, Laguna
. Brgy. Maahas, Los Baños, Laguna
. 91 J.Rizal St., Brgy. Poblacion II (Pob.), Nagcarlan, Laguna
. JP Rizal St., Brgy. Ibaba del Sur (Pob.), Paete, Laguna
. 4-0907 J. Rizal St., Brgy. Quinale (Pob.), Paete, Laguna
. Sitio Mapagmahal, Brgy. Pagsawitan, Sta. Cruz, Laguna
. R. Velasquez St., Brgy. II (Pob.), Sta. Maria, Laguna
. G. Redor St., Brgy. P. Burgos, Siniloan, Laguna
. J. Rizal St., Poblacion I (Brgy. I), Infanta, Quezon
. Ona St., Brgy. Poblacion, Candelaria, Quezon
. 12 Tentado St., Brgy. Tabing Ilog (Pob.), Tanay, Rizal

3. The Palawan Bank (Palawan Development Bank), Inc.
– Head Office address at Unit I Goldraz Properties Bldg.
Malvar St., Brgy. San Miguel,
City of Puerto Princesa, Palawan
– Closed by the BSP on: May 2, 2019
– Taken over by the PDIC on: May 6, 2019
– Had 9 branches:
. Pioneer St. cor. Villapa St., Brgy. Poblacion I, Brooke’s Point, Palawan
. Malvar St. cor. Sampaloc St., Narra, Palawan
. National Highway, Pagayona St., Brgy. Alfonso XIII (Poblacion),
Quezon, Palawan
. National Highway, Barangay II (Poblacion), Roxas, Palawan
. Brgy Poblacion, Taytay, Palawan
. Rotonda, National Highway, Brgy. Poblacion I, City of Carcar, Cebu
. National Highway, Brgy. Poblacion, Liloan, Cebu
. Brgy Poblacion Ward III, Minglanilla, Cebu
. San Francisco St., Brgy. West Poblacion, City of Naga, Cebu

4. Valiant Bank, Inc. (A Rural Bank)
– Head Office address at 41 Valiant Bldg., Mabini St.
Brgy. Liberation, Iloilo City,
– Closed by the BSP on: May 16, 2019
– Taken over by the PDIC on: May 17, 2019

– Had 8 branches:
. 6th St., Brgy. 17 (Pob.), Bacolod City
. GM Bldg., Bularan, Banate, Iloilo
. Brgy. Capuling, Duenas, Iloilo
. E. Reyes Ave., Brgy. Poblacion Zone 2, Estancia, Iloilo
. Burgos St. corner Jovita St., Brgy. Inzo Arnaldo Village
Roxas City, Capiz
. Maria Gracia Bldg., Ricarze St. (San Fernando St.)
corner Moscoso St., Brgy. 7 (Pob), San Jose, Antique
. Brgy. Poblacion, Sapian, Capiz
. Don Victorino Salcedo St., Brgy. Poblacion, Ilawod, Sara, Iloilo

5. Rural Bank of Basey (Samar), Inc.
– Office address at Serafin Marabut St., Loyo (Pob.), Basey, Western Samar
– Closed by the BSP on: May 16, 2019
– Taken over by the PDIC on: May 17, 2019

6. Rural Bank of Guihulngan (Negros Oriental), Inc.
– Office address at Sikatuna St., Brgy. Poblacion
City of Guihulngan, Negros Oriental
– Closed by the BSP on: May 23, 2019
– Taken over by the PDIC on: May 24, 2019

7. East Coast Rural Bank of Hagonoy, Inc.
– Office address at HRBI Compound, G. Panganiban St.
Brgy. Sto. Niño (Poblacion), Hagonoy, Bulacan
– Closed by the BSP on: May 30, 2019
– Taken over by the PDIC on: May 31, 2019

8. Rural Bank of Larena (Siquijor), Inc.
– Office address at Bonifacio St., Brgy. North Poblacion
Larena, Siquijor
– Closed by the BSP on: October 10, 2019
– Taken over by the PDIC on: October 11, 2019

9. Rural Bank of Lemery, Inc.
– Office address at Illustre Avenue, Barangay District 1 (Poblacion)
Lemery, Batangas
– Closed by the BSP on: October 31, 2019
– Taken over by the PDIC on: November 4, 2019

10. AMA Rural Bank of Mandaluyong, Inc.
Head Office address at 311 Shaw Blvd., Brgy. Hagdang Bato Libis, City of Mandaluyong
Closed by the BSP on: November 7, 2019
Taken over by the PDIC on: November 8, 2019

– Had 12 branches:
. Unit 103 Armal Bldg. 2, F. Legaspi St. cor. C. Raymundo Ave., Brgy. Maybunga, Pasig
. G/F Jent Bldg., Benigno S. Aquino Ave., Brgy. Poblacion, Baliuag, Bulacan
. #8 Pistahan Bldg., Mc Arthur Highway, Brgy. Dolores, San Fernando, Pampanga
. Units 114 & 115 Conrado Commercial Complex, Km. 16 Aguinaldo Highway, Brgy. Niog, City of Bacoor, Cavite
. Level 1 GF Robinson’s Place, Ortigas Ave. Ext., Brgy. Sto. Domingo, Cainta, Rizal
. 304 Tomas Claudio St., Brgy. San Pedro (Poblacion), Morong, Rizal
. Jamora Bldg., 150 Burgos St., Brgy. VII-B (Poblacion), San Pablo, Laguna
. Dencris Bldg., National Highway, Brgy. Halang, Calamba, Laguna
. 143 Ongking Bldg., Abanao St., Brgy. Abanao-Zandueta-Kayong-Chugum-Otek, City of Baguio
. GF MZF Bldg., Gov. Luna Rd., Barangay IV (Poblacion), San Fernando, La Union
. #37 AMA Bldg., Caggay Highway, Brgy. Caggay, Tuguegarao City, Cagayan
. AMA Computer College-Tacloban Campus, Leyte Academic Center, Brgy. Pawing, Palo, Leyte

11. Maximum Savings Bank, Inc.
– Head Office address at #24 Antonio A. Pastor Bldg.
P. Burgos St., Brgy. 16 (Poblacion), Batangas City
– Closed by the BSP on: November 7, 2019
– Taken over by the PDIC on: November 8, 2019

– Had 5 branches:
. Unit 8A, 8th Flr. NOL Tower, Commerce Ave. cor. Acacia Ave., Brgy. Alabang, City of Muntinlupa
. 30th St. cor. 9th Ave., Bonifacio Global City
. #24 Antonio A. Pastor Bldg., P. Burgos St., Brgy. 16 (Poblacion), Batangas City
. Homemark Bldg., J.P.Rizal St., Brgy. Camilmil, City of Calapan
. #54 Oppax Bldg., Brgy. Sabang, Puerto Galera, Oriental Mindoro

If you’re a depositor of a failed bank:

Contact:

Deputy Receiver
Philippine Deposit Insurance Corporation
5th Floor, SSS Bldg., Ayala Avenue cor. V.A. Rufino St.
Makati City, Metro Manila.

Or contact:
Phone No.: (632) 841-4000 loc. 4630
(for Metro Manila depositors)
Fax No.: (632) 817-3566

For depositors outside Metro Manila, call
Toll Free: 1-800-1-888-7342 or
1-800-1-888-PDIC

Email: info@pdic.gov.ph

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