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Powers of a universal bank A universal bank has the same powers as a commercial bank with the following additional powers: the powers of an investment house as provided in existing laws and the power to invest in non-allied enterprises. List of local universal banks Government-owned Al-Amanah Islamic Investment Bank of the Philippines Development Bank of the Philippines Land Bank of the Philippines Private-owned 1. Banco de Oro Universal Bank 2. Metropolitan Bank and Trust Company 3. Bank of the Philippine Islands 4. Philippine National Bank 5. Rizal Commercial Banking Corporation 6. UnionBank of the Philippines 7. China Banking Corporation 8. Citibank 9. East West Bank 10. Philippine Savings Bank 11. Philtrust Bank (Philippine Trust Company) 12. Security Bank 13. United Coconut Planters Bank 14. Allied Bank Corporation Powers of a commercial bank In addition to having the powers of a thrift bank, a commercial bank has the power to accept drafts and issue letters of credit; discount and negotiate promissory notes, drafts, bills of exchange, and other evidences of debt; accept or create demand deposits; receive other types of deposits and deposit substitutes; buy and sell foreign exchange and gold or silver bullion; acquire marketable bonds and other debt securities; and extend credit. List of local commercial banks Asia United Bank Bank of Commerce BDO Private Bank (subsidiary of Banco de Oro) Philippine Bank of Communications Philippine Veterans Bank Robinsons Bank Corporation List of foreign banks with commercial banking operations Branches Australia and New Zealand Banking Group Bangkok Bank Bank of America, N.A. Bank of China Chinatrust Commercial Bank

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Page 1: Powers of a universal bankdocshare01.docshare.tips/files/15526/155262227.pdfPowers of a universal bank A universal bank has the same powers as a commercial bank with the following

Powers of a universal bank

A universal bank has the same powers as a commercial bank with the following additional powers: the powers of an investment

house as provided in existing laws and the power to invest in non-allied enterprises.

List of local universal banks

Government-owned

Al-Amanah Islamic Investment Bank of the Philippines

Development Bank of the Philippines

Land Bank of the Philippines

Private-owned

1. Banco de Oro Universal Bank

2. Metropolitan Bank and Trust Company

3. Bank of the Philippine Islands

4. Philippine National Bank

5. Rizal Commercial Banking Corporation

6. UnionBank of the Philippines

7. China Banking Corporation

8. Citibank

9. East West Bank

10. Philippine Savings Bank

11. Philtrust Bank (Philippine Trust Company)

12. Security Bank

13. United Coconut Planters Bank

14. Allied Bank Corporation

Powers of a commercial bank

In addition to having the powers of a thrift bank, a commercial bank has the power to accept drafts and issue letters of credit;

discount and negotiate promissory notes, drafts, bills of exchange, and other evidences of debt; accept or create demand deposits;

receive other types of deposits and deposit substitutes; buy and sell foreign exchange and gold or silver bullion; acquire

marketable bonds and other debt securities; and extend credit.

List of local commercial banks

Asia United Bank

Bank of Commerce

BDO Private Bank (subsidiary of Banco de Oro)

Philippine Bank of Communications

Philippine Veterans Bank

Robinsons Bank Corporation

List of foreign banks with commercial banking operations

Branches

Australia and New Zealand Banking Group

Bangkok Bank

Bank of America, N.A.

Bank of China

Chinatrust Commercial Bank

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Citibank, N.A.

Deutsche Bank AG

Hongkong and Shanghai Banking Corporation

ING Group

JPMorgan Chase

Korea Exchange Bank

Mega International Commercial Bank

Mizuho Corporate Bank

Standard Chartered Bank

The Bank of Tokyo-Mitsubishi UFJ, Ltd.

[edit]Thrift banks

[edit]Powers of a thrift bank

A thrift bank has the power to accept savings and time deposits, act as a correspondent with other financial institutions and as a

collection agent for government entities, issue mortgages, engage in real estate transactions and extend credit. In addition, thrift

banks may also maintain checking accounts, act as a depository for government entities and local government units and engage in

quasi-banking and money market operations subject to the approval of the Bangko Sentral. As per the banker Amit Malhotra, the

performance of thrift banks are underrated.

[edit]List of local thrift banks

[edit]Government-owned

Philippine Postal Savings Bank

[edit]Privately owned

Accord Savings Bank

Allied Savings Bank (subsidiary of Allied Bank)

Anchor Savings Bank

Area Development Bank

Asiatrust Development Bank

Bank of Calape

Bank of Cebu

BankOne Savings and Trust Corporation

Bankwise

Bataan Development Bank

Bataan Savings and Loan Bank

BPI Direct Savings Bank (subsidiary of Bank of the Philippine Islands)

BPI Family Savings Bank (subsidiary of Bank of the Philippine Islands)

Business and Consumers Bank

Century Savings Bank

Chinabank Savings (formerly Manila Bank; subsidiary of Chinabank)

City Savings Bank

Citystate Savings Bank

Cordillera Savings and Loan Bank

Dumaguete City Development Bank

Dungganon Bank

EIB Savings Bank (subsidiary of Export and Industry Bank)

Equicom Savings Bank

Express Savings Bank

Farmers Savings and Loan Bank

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First Consolidated Bank

GSIS Family Bank (subsidiary of the Government Service Insurance System)

Hiyas Bank

Iloilo City Development Bank

Inter-Asia Development Bank

ISLA Bank

Kauswagan Bank

Legazpi Savings Bank, Inc.

Lemery Savings and Loan Bank

Liberty Savings and Loan Association

Life Savings Bank

Luzon Development Bank

Malasiqui Progressive Savings and Loan Bank

Malayan Bank

Metro Cebu Public Savings Bank

Micro Enterprise Bank

Microfinance Maximum Savings Bank, Inc. (MAXBANK)

Northpoint Development Bank

Opportunity Microfinance Bank

Optimum Development Bank

Pacific Ace Savings Bank

Palawan Development Bank

Pampanga Development Bank

Peñafrancia Savings and Loan Association

Philam Savings Bank (subsidiary of Philam Life)

Philippine Business Bank

Philippine Savings Bank (Metrobank Group)

Planters Development Bank

Premiere Development Bank (to be acquired by Security Bank)

Progress Savings and Loan Association

Queen City Development Bank

Quezon Coconut Producers Savings and Loan Bank

RCBC Savings Bank (subsidiary of Rizal Commercial Banking Corporation)

Robinsons Savings Bank (subsidiary of JG Summit Holdings)

Sampaguita Savings and Loan Association

San Pablo City Development Bank

Sandigan Savings Bank

Silangan Savings and Loan Bank

Sterling Bank of Asia

The Real Bank

Tower Development Bank

UCPB Savings Bank (subsidiary of United Coconut Planters Bank)

University Savings and Loan Bank

Village Savings and Loan Association

Vizcaya Savings and Loan Association

Wealth Development Bank

Winbank

World Partners Bank

[edit]List of foreign banks with thrift banking operations

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Citibank (through Citibank Savings)

HSBC (through HSBC Savings Bank)

United Overseas Bank

[edit]Cooperative and rural banks

Rural and cooperative banks are the more popular type of banks in the rural communities. Their role is to promote and expand the

rural economy in an orderly and effective manner by providing the people in the rural communities with basic financial services.

Rural and cooperative banks help farmers through the stages of production, from buying seedlings to marketing of their produce.

Rural banks and cooperative banks are differentiated from each other by ownership. While rural banks are privately owned and

managed, cooperative banks are organized/owned by cooperatives or federation of cooperatives.

A rural bank has the power to provide adequate credit facilities to farmers and merchants or to cooperatives of such farmers and

merchants and, in general, to the people of the rural communities of which the rural bank operates in.

[edit]List of cooperative banks

Agusan del Norte Cooperative Bank

Bataan Cooperative Bank

Banco Cooperativa de Zamboanga

Camiguin Cooperative Bank

Capiz Settlers Cooperative Bank

Cooperative Bank of Agusan del Sur

Cooperative Bank of Aklan

Cooperative Bank of Aurora

Cooperative Bank of Benguet

Cooperative Bank of Bohol

Cooperative Bank of Bukidnon

Cooperative Bank of Bulacan

Cooperative Bank of Cagayan

Cooperative Bank of Camarines Norte

Cooperative Bank of Camarines Sur

Cooperative Bank of Cavite

Cooperative Bank of Cebu

Cooperative Bank of Davao del Sur

Cooperative Bank of Ilocos Norte

Cooperative Bank of Iloilo

Cooperative Bank of La Union

Cooperative Bank of Lanao del Norte

Cooperative Bank of Misamis Oriental

Cooperative Bank of Mountain Province

Cooperative Bank of Negros Oriental

Cooperative Bank of Cotabato

Cooperative Bank of Nueva Ecija

Cooperative Bank of Palawan

Cooperative Bank of Pampanga

Cooperative Bank of Quezon Province

Cooperative Bank of Surigao del Sur

Cooperative Bank of Tarlac

Cooperative Bank of Zambales

Cooperative Bank of Zamboanga del Norte

Cooperative Bank of Zamboanga del Sur

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Countryside Cooperative Bank of Batangas

First Isabela Cooperative Bank

Ilocos Sur Cooperative Bank

Leyte Cooperative Bank

Metro South Cooperative Bank

National Teachers and Employees Cooperative Bank

Occidental Mindoro Cooperative Bank

Samahang Nayon Cooperative Bank of Nueva Vizcaya

Sorsogon Provincial Cooperative Bank

Southern Leyte Cooperative Bank

[edit]List of rural banks

[edit]Agusan del Norte

Green Bank

[edit]Agusan del Sur

Peoples Bank of Caraga, Inc.

[edit]Aklan

Rural Bank of Altavas

Rural Bank of Balete

Rural Bank of Banga (Aklan)

Rural Bank of Makato

Rural Bank of New Washington

Rural Bank of Malinao - Microsavers Bank

[edit]Albay

Camalig Bank

Cagsawa Rural Bank

Ibalon Rural Bank

Rural Bank of Guinobatan

[edit]Bataan

Balanga Rural Bank

Orani Rural Bank

Rural Bank of Abucay

Rural Bank of Bagac

[edit]Batangas

5 Speed Rural Bank

Balayan Bay Rural Bank

Banco Batangan

Banco ng Masa

Bangko Kabayan

Batangas Rural Bank for Cooperatives

Bolbok Rural Bank

Calaca Rural Bank

Classic Rural Bank

Dynamic Bank

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Empire Rural Bank

Excel Rural Bank

Farmers Rural Bank

First Coconut Rural Bank

Limcoma Rural Bank

Lipa Bank

Lipa Public Bank

Lobo Rural Bank

Malarayat Rural Bank

Mount Makiling Rural Bank

New Rural Bank of Agoncillo

President Jose P. Laurel Rural Bank

Progressive Rural Bank

Rural Bank of Alitagtag

Rural Bank of Padre Garcia

Sto Rosario Rural BAnk

Women's Rural Bank, Inc.

[edit]Bohol

First Consolidated Bank

[edit]Biliran

Rural Bank of Naval, Inc.

[edit]Benguet

Benguet Center Bank

Diamond Rural Bank

Highland Rural Bank

Rural Bank of Baguio

[edit]Bukidnon

Malaybalay Rural Bank

Asian Hills Bank

[edit]Bulacan

Agricom Rural Bank

Apex Rural Bank

Baliuag Rural Bank

Banco Rural de General Tinio

Bangko Luzon

Bangko Rural ng Kalumpit

Rural Bank of San Pascual inc.

Delmont Bank (Rural bank of San Jose del Monte City)

East Coast Rural Bank of Hagonoy

Emerald Rural Bank

Fil-Agro Rural Bank

Gateway Rural Bank

Meyacauayan Second Rural Bank, Inc.

La Consolacion Rural Bank

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Rural Bank of Angat

Rural Bank of Doña Remedios Trinidad

Silahis Bank

Rural Bank of Bustos

Rural Bank of Pandi

[edit]Cagayan

Providence Rural Bank

Rural Bank of Gattaran

Claveria Rural Bank

Rural Bank of Sanchez Mira

[edit]Camarines Sur

Bangko Rural ng Magarao

Bangko Rural ng Pasacao

First Naga Rural Bank

G-7 Bank

Municipal Rural Bank of Libmanan

Municipal Rural Bank of Nabua

Peñafrancia Rural Bank of Calabanga

Rural Bank of Sipocot

Rural Bank of Pamplona

Rural Bank of Minalabac

Rural Bank of San Fernando

Rural Bank of Cabusao

Rural Bank of San Jose

Rural Bank of Pili

Rural Bank of Milaor

Rural Bank of Ragay

Rural Bank of Iriga

[edit]Camiguin

Mambajao Community Rural Bank

Philippine Intercity Rural Bank

[edit]Capiz

Farmer's Bank of Capiz

President Roxas Rural Bank, Inc.

Rural Bank of Mambusao, Inc.

Rural Bank of Panay, Inc.

Rural Bank of Dao, Inc.

Rural Bank of Pilar, Inc.

Rural Bank of Pilar, Inc., Roxas City Branch

Rural Bank of Ivisan, Inc.

Rural Bank of Cuartero, Inc.

Rural Bank of Jamindan, Inc.

Rural Bank of Sapian, Inc.

[edit]Cavite

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Advance Rural Bank

Bangko Mabuhay

Capitol City Rural Bank of Trece Martires

Cavite Rural Banking Corporation

Cebuana Lhuillier Rural Bank

Central Equity Rural Bank

Community Bank

First Reliance Bank

GMA Rural Bank of Cavite

Imus Rural Bank

Masuerte Rural Bank of Bacoor

Rural Bank of Amadeo

Rural Bank of Magallanes

Rural Bank of Maragondon

Unlad Rural Bank of Noveleta, Inc.

[edit]Cebu

Frontier Rural Bank

Aspac Rural Bank

Banco Maximo

Banco of East Asia

Banco Rural de Isla Cordova

Cardinal Rural Bank

Coastal Bank

Community Rural Bank of Catmon

Community Rural Bank of Medellin

First Agro Industrial Rural Bank

Frontier Rural Bank

Lapu Lapu Rural Bank

Mactan Rural Bank

Philippine Countryside Rural Bank

Pilipino Rural Bank

Plaza Rural Bank

Upland Rural Bank

[edit]Compostela Valley

Rural Bank, Inc.

Money Mall Rural Bank

Rural Bank of Montevista(Davao), Inc

Rural Bank of Compostela(Davao), Inc

Rural Bank of Mawab

[edit]Davao del Norte

First Tagum Rural Bank, Inc.

Century Rural Bank

[edit]Davao del Sur

First Tagum Rural Bank, Inc.

Community Rural Bank of Magsaysay

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One Network Bank

Rural Bank of Digos, Inc.

[edit]Davao Oriental

First Tagum Rural Bank, Inc.

Rural Bank of Baganga

[edit]Ifugao

Lagawe Highlands Rural Bank

[edit]Ilocos Norte

Banco Dingras

Ilocandia Community Bank

Cooperative Bank of Ilocos Norte San Nicolas

Cooperative Bank of Ilocos Norte-Laoag City

Cooperative Bank of Ilocos Norte-Batac City

[edit]Ilocos Sur

Cordillera Bank

Vigan Banco Rural Incorporada

Rural Bank of Tagudin, Inc

Rural Bank of Cabugao, Inc.

Rural Bank of Sta. Maria, Inc

Sadiri Rural Bank, Inc.

Rural Bank of Magsingal, Inc.

Ilocos Sur Cooperative Bank

[edit]Iloilo

Rural Bank of Guimbal (Iloilo)

Racso's Bank

Bangko Buena Consolidated

Rural Bank of Santa Barbara (Iloilo)

Community Rural Bank of San Joaquin

Farmers Trader Rural Bank

First Midland Rural Bank

Janiuay Rural Bank

LifeBank

Progressive Rural Bank

Rural Bank of Alimodian

Rural Bank of Anilao

Rural Bank of Badiangan

Rural Bank of Leganes

Rural Bank of Oton

[edit]Isabela

Banco Agricola

Golden Rural Bank of the Philippines

Mallig Plains Rural Bank

Philippine Rural Banking Corporation

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Rural Bank of Alicia

Rural Bank of Angadanan

Rural Bank of Benito Soliven

Providence Rural Bank

Rural Bank of Magsaysay, Isa. Inc.

Rural Bank of Cauayan, Inc.

[edit]Laguna

Rural Bank of Bay,Inc.

Biñan Rural Bank

Card Rural Bank

De La O Rural Bank

Entrepreneur Rural Bank

First United Farmers Bank

Key Rural Bank

Ormon Bank

PlanBank Rural Bank of Canlubang Planters

Provident Rural Bank of Santa Cruz

Rural Bank of Alaminos

Laguna Prestige Banking Corporation

Rural Bank of Lumban

Rural Bank of Mabitac, Inc.

Rural Bank of Nagcarlan

Rural Bank of Paete

Rural Bank of Pagsanjan

Rural Bank of Calauan

Rural Bank of Calamba

Malarayat Bank

Rural Bank Of Magdalena (Laguna)

CARD Bank

[edit]Lanao del Sur

Bagong Bangko Rural ng Malabang

Maranao Rural Bank

[edit]Leyte

First Interstate Bank

Rural Bank of Dulag

Rural Bank of Hindang

Rural Bank of Hilongos

Rural Bank of Bato

Rural Bank of Burauen

Rural Bank of Ormoc

Rural Bank of Naval, Carigara Branch

[edit]Southern Leyte

Rural Bank of Maasin

Rural Bank of Malitbog

Rural Bank of Padre Burgos

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Rural Bank of Hinundayan

Rural Bank of San Juan

[edit]Maguindanao

New Settlers Bank

[edit]Metro Manila

AMA Bank

Baclaran Rural Bank

Banco de Jesus Rural Bank

Banco San Juan

Bangko Pasig

BMS Rural Bank

Builders Rural Bank

Country Rural Bank of Taguig

Enterprise Capital Rural Bank

Filipino Savers Bank

Finman Rural Bank

First Country Rural Bank

First Macro Bank

Insular Rural Bank

MVSM Bank (A Rural Bank Since 1953)

Rodriguez Rural Bank

Rural Bank of Alabang

Bank of Makati

Tambunting Bank

[edit]Misamis Occidental

Community Rural Bank of Clarin

First Community Cooperative Bank of Misamis Occidental

Panguil Bay Rural Bank of Ozamiz

Rural Bank of Bonifacio

Rural Bank of Tudela

Bank of Misamis. The merging of Rural Bank of Tudela, Mis. Occ. and Rural Bank of Kolambogan, Lanao del Nort

Rural Bank of Plaridel

[edit]Misamis Oriental

Bangko Rural ng Tagoloan

Community Rural Bank of Naawan

Philippine Farmers Bank

Rural Bank of Talisayan

first Valley Bank

[edit]Mountain Province

Rural Bank of Sagada

[edit]Negros Occidental

Rural Bank of Marayo

Community Rural Bank of Magallon

Page 12: Powers of a universal bankdocshare01.docshare.tips/files/15526/155262227.pdfPowers of a universal bank A universal bank has the same powers as a commercial bank with the following

First Community Bank

First State Rural Bank

Nation Bank

New Rural Bank of Binalbagan, Inc.

New Rural Bank of Victorias

Rural Bank of Bacolod City

[edit]Negros Oriental

Central Visayas Rural Bank

Dumaguete Rural Bank

Rural Bank of Amlan

Rural Bank of Ayungon

Rural Bank of Bacong

Rural Bank of Guihulngan

Rural Bank of Valencia

Rural Bank of Manjuyod

Rural Bank of Larena

Rural Bank of Basay

Rural Bank of Pamplona

Rural Bank of Santa Catalina

SG Bank

[edit]Nueva Ecija

Aliaga Farmers Rural Bank

Banco Rural de General Tinio

Bangko Luzon Inc.

Cabanatuan City Rural Bank

Citizen's Rural Bank

Cooperative Bank of Nueva Ecija

Cuyapo Rural Bank

FARM Bank

GM Bank Inc.

Kabalikat Rural Bank

Masagana Rural Bank

Merchant Rural Bank of Talavera

Millennium Bank

New Rural Bank of Guimba

New Rural Bank of San Leonardo

Producers Rural Bank of San Jose City

Rural Bank of Laur

Rural Bank of Lupao

Rural Bank of Quezon

Rural Bank of Makati

Rural Bank of Sto. Domingo

Small & Medium Enterprise Bank

Towncall Rural Bank

Westmont Bank

[edit]Nueva Vizcaya

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Agri Business Rural Bank

Rural Bank of Aritao

Rural Bank of Solano

Cooperative Bank of Nueva Vizcaya

[edit]Oriental Mindoro

Oriental Tamaraw Rural Bank of Naujan

Rural Bank of Baco

Rural Bank of Gloria

Rural Bank of Bansud

Rural Bank of Pinamalayan

Rural Bank of Pola

Rural Bank of Naujan

Rural Bank of Victoria

Rural Bank of Socorro

Rural Bank of Bongabong

[edit]Pampanga

Rural Bank of Porac

Banco Nuestra Señora del Pilar

Bank of Florida

Bangko San Lus (2nd Rural Bank of San Luis)

Crown Bank

Delta Civic Bank

Guagua Rural Bank

Guagua Savers Bank

Rural Bank of Angeles

Rural Bank of Apalit

Rural Bank of San Luis

Unity Bank

[edit]Pangasinan

Banco Rural de San Antonio

Bangko Pangasinan

Bani Rural Bank

BHF Rural Bank

Corfarm Rural Bank of Umingan

CSF Rural Bank of Bayambang

Gulf Bank

Kaluyagan Rural Bank

Kaunlaran Rural Bank

Pangasinan Bank

People's Rural Bank of Binmaley

Rural Bank of Agno

Rural Bank of Alaminos

Rural Bank of Anda

Rural Bank of Dasol

Rural Bank of Bautista

Rural Bank of Mangaldan

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[edit]Quezon

St. Jude Cooperative Bank

Quezon Capital Rural Bank

Grand-Agri Rural Bank

Mega Rural Bank

Polillo Island Rural Bank

Quezon Capital Rural Bank

Quezon Traders Rural Bank of Candelaria

Rural Bank of Alabat

Rural Bank of Atimonan

Rural Bank of Candelaria

Rural Bank of Dolores

Rural Bank of Lucban

Rural Bank of Mauban

Rural Bank of Sariaya

Rural Bank of Tagkawayan

Tiaong Rural Bank

[edit]Rizal

Binangonan Rural Bank

Eastern Rizal Rural Bank

Filidian Rural Bank

Rural Bank of Cardona

Growers Rural Bank

Tanay Rural Bank

Rizal Rural Bank (Taytay), Inc.

Rural Bank of Angono

Rural Bank of Antipolo

Rural Bank of Cainta

Rural Bank of Montalban

Rural Bank of Pililla

[edit]Romblon

Community Rural Bank of Romblon

[edit]Sarangani

Rural Bank of DAR Beneficiaries Cooperative

Rural Bank of Alabel

Sarangani Rural Bank, Inc.

[edit]South Cotabato

Peninsula Rural Bank

People's Rural Bank

Partner Rural Bank, Surallah, So. Cot.

Rural Bank of Norala (Norala, So. Cot.), Inc.

[edit]Southern Leyte

Community Rural Bank of Maasin

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[edit]Sultan Kudarat

Partner Rural Bank, Tacurong City

[edit]Surigao del Sur

Bangko Carrascal

Enterprise Bank www.ebi.ph]]

Cantilan Bank, Inc.

[edit]Surigao del Norte

Surigaonon Rural Banking Corporation

Evergreen Rural Bank,Inc.

Siargao Bank

Rural Bank of Placer

[edit]Tarlac

Bangko Santo Niño

Camiling Rural Bank

First Provincial Bank

Rural Bank of Tarlac

Rural Bank of Victoria

Rural Bank of Pura

Rural Bank of La Paz

St. Michael Rural Bank

[edit]Zambales

Community Rural Bank of San Felipe

Countryside Rural Bank of Palauig

Maharlika Rural Bank

Rural Bank of Cabangan

Zambank

Unity Bank

Rural Bank of Candelaria Zambales, Inc.

Rural Bank of San Narcisco, Inc.

Rural Bank of San Marcelino, Inc.

[edit]Zamboanga del Norte

Rural Bank of Labason

Community Rural Bank of Dapitan City

Rural Bank of Roxas

Katipunan Rural Bank

Rizal Rural Bank

Rural Bank of Dipolog City

Rural Bank of Siocon

Rural Bank of Liloy

[edit]Zamboanga del Sur

Rural Bank of Pagadian City

Rural Bank of Salug Valley

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[edit]Zamboanga Sibugay

Rural Bank of Kabasalan Inc.

[edit]Zamboanga City

Rural Bank of Siocon Inc.

Rural Bank of Zamboanga

Banco Cooperativa de Zamboanga

[edit]Defunct or merged banks

Citytrust Savings Bank (acquired by Bank of the Philippine Islands)

Acme Savings Bank(Acquired by the Sy Group of Companies and Renamed Banco De Oro)

Far East Bank and Trust Company (acquired by Bank of the Philippine Islands)

People's Bank and Trust Company(acquired by Bank of the Philippine Islands)

SolidBank Corporation (acquired by Metropolitan Bank and Trust Co)

G7 Bank

Insular Savings Bank (acquired by Citibank)

International Exchange Bank (acquired by Union Bank of the Philippines)

Insular Bank of Asia and America (Merged with Philippine Commercial International Bank)

Monte de Piedad Savings Bank (acquired by Keppel Bank)

Mindanao Development Bank(Merged with Equitable Banking Corporation)

Ecology Bank(Merged with Equitable Banking Corporation)

Keppel Bank (acquired by GE Capital Finance)

Philippine Commercial International Bank (merged with Equitable Bank forming Equitable PCI Bank and now merged

with Banco De Oro)

PCIBank Savings (bought by the HSBC Group and renamed HSBC Savings Bank.)

DBS Bank Philippines Ltd. (acquired by BPI)

Equitable Banking Corporation (merged with PCI Bank forming Equitable PCI Bank and now merged with Banco De Oro)

Prudential Bank (acquired by Bank of the Philippine Islands)

Urban Bank (forced to close then merged with Export and Industry Bank)

Equitable PCI Bank (merged with Banco de Oro)

Export and Industry Bank

American Express Bank (Renamed BDO Elite Savings Bank)

Equitable Savings Bank (merged with BDO)

Banco Santander Central Hispano (Philippine subsidiary acquired by Banco De Oro and renamed BDO Private Bank)

Dao Heng Bank (acquired by Banco de Oro)

1st E Bank (Philippine Branches acquired by Banco de Oro)

United Overseas Bank (66 out of 67 Branches merged with Banco De Oro

BDO Elite Savings Bank (merged with BDO along with Equitable Savings, Equitable PCI and PCI Capital Corp)

GE Money Bank (acquired by Banco de Oro)

Green Bank of Caraga(Acquired by East West Bank)

LBC Development Bank

Traders Royal Bank (Acquired by Bank of Commerce)

Capitol Bank (acquired by RCBC, now named as RCBC Savings Bank)

Asianbank (acquired by Metrobank)