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.”
—Ezra Pound (1885–1972)
“Life is a long Dardenelles, My Dear Madam, the shores whereof are bright with flowers, which we want to pluck, but the bank is too high; & so we float on & on, hoping to come to a landing-place at last—but swoop! we launch into the great sea! Yet the geographers say, even then we must not despair, because across the great sea, however desolate & vacant it may look, lie all Persia & the delicious lands roundabout Damascus.”
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