The bank was placed under the receivership of the Bangko Sentral ng Pilipinas, and at the time of its closure, it had some 8,000 depositors split among seven branches located in Metro Cebu.
The bank was taken over by the Bangko Sentral ng Pilipinas, and at the time of its shutdown, it had approximately 8,000 depositors spread across seven branches situated in Metro Cebu.