With rural banks and Pre need companies filing for bankruptcy one by one... Rumors are now circulating that RCBC could be next... After their insurance company the Pacific Life has joined the bandwagon of bankruptcy.
Any ideas? Information about this? Is it true that BDO is planning to buy out RCBC?
I have been a loyal depositor and investor in this Bank for some time and I'm still hesitant to close my business ties with them.