Urban Bank

Urban Bank (PSE: UBI), also known by its initials (and ticker symbol) UBI, was a middle size bank in the Philippines. The bank, along with its two subsidiaries, declared a voluntary bank holiday for failing to meet withdrawals and was consequently closed by the Bangko Sentral ng Pilipinas and put under the mandatory receivership of the Philippine Deposit Insurance Corporation on April 26, 2000. The bank subsequently merged with Export and Industry Bank (Exportbank) in 2001.

Read more about Urban Bank:  History, Subsidiaries and Affiliates, The Charges, Comparison To Banco Filipino

Famous quotes containing the words urban and/or bank:

    And New York is the most beautiful city in the world? It is not far from it. No urban night is like the night there.... Squares after squares of flame, set up and cut into the aether. Here is our poetry, for we have pulled down the stars to our will.
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    The prairies were dust. Day after day, summer after summer, the scorching winds blew the dust and the sun was brassy in a yellow sky. Crop after crop failed. Again and again the barren land must be mortgaged for taxes and food and next year’s seed. The agony of hope ended when there was not harvest and no more credit, no money to pay interest and taxes; the banker took the land. Then the bank failed.
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