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:
“I have misplaced the Van Allen belt
the sewers and the drainage,
the urban renewal and the suburban centers.
I have forgotten the names of the literary critics.”
—Anne Sexton (1928–1974)
“When she could hide him no longer she got a papyrus basket for him, and plastered it with bitumen and pitch; she put the child in it and placed it among the reeds on the bank of the river.”
—Bible: Hebrew, Exodus 2:3.