Closed Banks in the Philippines 2021

The first bank to be closed down in 2021 is Occidental Mindoro Rural Bank Inc.

1.  Occidental Mindoro Rural Bank Inc.
    – Office address at OMRI Bldg., Quezon St.
      Brgy. Bagong Sikat (Poblacion), Lubang, Occidental Mindoro
    – Closed down by the BSP on March 25, 2021
   – Taken over by the PDIC on March 29, 2021

See Lists of Closed Banks in the Philippines from Year 2000 to 2021

Contact information for depositors:

The Public Assistance Department (PAD)
Philippine Deposit Insurance Corp. (PDIC)
6th Floor, SSS Building
6782 Ayala Avenue corner V.A. Rufino St
Makati City 1226

Hotline : (632) 8841-4141 (for depositors within Metro Manila, during office hours)
Toll Free : 1-800-1-888-7342 (for depositors outside Metro Manila, during office hours)

Email : occminrb-pad@pdic.gov.ph
Facebook : www.facebook.com/OfficialPDIC

You can also check posters at the premises of the closed bank and other public places within the municipality on the schedule of distribution of PDIC claim forms, receiving of claim forms and the deadline for filing of claims.

If your total balance is 100,000 pesos or below, and you do not have an outstanding loan or obligation, and you did not sign as a co-maker of a loan with Occidental Mindoro Rural Bank, you are not required to file a deposit insurance claim. Just make sure your address in the bank’s files are correct, complete and updated.

You can update your address by submitting Mailing Address Update
Forms (MAUF) until 26 April 2021, either through the dropbox available at the bank premises, or by sending a scanned copy of MAUF form and valid ID to this email address –> occminrb-pad@pdic.gov.ph

Your insurance payment will be mailed to you via postal money order. Target date for mailing: starting May 17, 2021.

For more information, see this advisory from PDIC about this closed rural bank: Occidental Mindoro Rural Bank

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