ARSENIO BARTOLOME AND TEODORO BORLONGAN

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                    [ArticleID] => 96345
                    [Title] => Prospects for Urban Bank appear to dim
                    [Summary] => Urban Bank faces liquidation unless it finds a "white knight" before April 26, a year after it declared a bank holiday.


The possibility of liquidating the bank loomed even as Philippine Deposit Insurance Corp. (PDIC) president Norberto Nazareno said there are at least four groups, including three local commercial banks and a group of depositors that have expressed interest in taking over Urban Bank and implementing a rehabilitation plan to bring it back to profitability.


                    [DatePublished] => 2001-03-08 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
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                    [SectionName] => Business
                    [SectionUrl] => business
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Prospects for Urban Bank appear to dim

March 8, 2001 - 12:00am

Urban Bank faces liquidation unless it finds a "white knight" before April 26, a year after it declared a bank holiday. The possibility of liquidating the bank loomed even as Philippine Deposit Insurance Corp. (PDIC)...

Business