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


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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