Cebu rural bank ordered shut, 5th in 2022

Ronnel Domingo 04/04/2022

The Monetary Board has ordered Metro-Cebu Public Savings Bank to stop doing business and be placed under liquidation, the fifth bank to be shuttered so far this year. Earlier this year, the MB sent out similar orders…

PDIC to auction P32.9M Visayas assets including three Cebu lots

University of San Carlos Intern Steffi Kyle Nolido 11/24/2017

TWO residential lots and a commercial property in Cebu with a total land area of 3,421 sq.m. are among the P32.9 million worth of assets to be auctioned by the Philippine Deposit Insurance Corp. (PDIC) at the…

Forum with depositors of shuttered bank set

Marites Villamor Ilano 02/08/2016

THE Philippine Deposit Insurance Corp. (PDIC) will hold a forum with the depositors and borrowers of the shuttered Lapu-Lapu Rural Bank, Inc. on February 12, Friday, at the Carcar City Complex, about 40 kilometers south of Cebu…

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…

Don’t connect mayor’s office to bank case, Radaza tells foes

Norman V. Mendoza 02/06/2014

The heat is on for Lapu-Lapu City Mayor Paz Radaza after a criminal complaint was filed  against her  by the Philippine Deposit Insurance Corp. (PDIC) over alleged fake loans in the shuttered Subangdaku  Rural Bank where she…

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