Depositors of closed bank may get paid this month

Vanessa Claire Lucero 02/03/2016

State-owned Philippine Deposit Insurance Corp. (PDIC) will start servicing the claims of depositors of the recently closed Lapu-Lapu Rural Bank, Inc. in the third week of this month. PDIC public information officer Nathanael A. Tumbokon said the…

Rural bank in Carcar shut down

02/01/2016

The Monetary Board (MB) has passed a resolution prohibiting the Lapu-Lapu Rural Bank, Inc. in Carcar City, southern Cebu from doing business. MB Resolution No. 121, dated Jan. 28, 2016, also placed the assets and affairs of…

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