Banco Filipino Savings and Mortgage Bank (PSE: BF), or simply Banco Filipino, was a savings and loan association based in the Philippines. It is also known for property developments such as BF Homes, subdivisions in Parañaque, Quezon City and Las Piñas. The Bangko Sentral ng Pilipinas (BSP) on March 17, 2011 ordered the closure of Banco Filipino Savings and Mortgage Bank and placed it under the receivership of state-run Philippine Deposit Insurance Corp. (PDIC), saying its liabilities topped its assets by P8.4 billion.
Read more about Banco Filipino: History, Ownership, Competition, Firsts, Relation To Urban Bank, 2011 Closure