The Central Bank of the Philippines notified supervised financial institutions that Rural Bank of Paracale completed its purchase of Rural Bank of Capalonga’s assets and assumption of its liabilities on July 17, 2026, following Monetary Board approval on May 6, with Capalonga ceasing operations and surrendering its banking license on the transaction’s effective date.
Central Bank of the Philippines2026-08-06
Central Bank of the Philippines confirms Paracale rural bank takeover of Capalonga assets and liabilities
Rural Bank of Paracale completed its takeover of Rural Bank of Capalonga’s assets and liabilities on July 17, 2026. Capalonga ceased operations and surrendered its banking license on the same date.