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                (
                    [ArticleID] => 99239
                    [Title] => Bancommerce inks MOA with Urban owners
                    [Summary] => 

Bank of Commerce is finalizing its bid to acquire Urban Bank by joining forces
with the major stockholders of the closed bank.

Social Security System (SSS) chairman and president Carlos Arellano said
yesterday Bank of Commerce had signed a memorandum of agreement (MOA) with
existing shareholders of Urban Bank to join forces with them.

"Bank of Commerce signed a MOA last week with Urban Bank stockholders,"
Arellano said. SSS holds a substantial share in the bank equivalent to two
board seats.
                    [DatePublished] => 2000-05-30 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1197311
                    [AuthorName] => by Jun Ebias
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

        )

)

AMONG URBAN BANK

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    [results] => Array
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            [0] => Array
                (
                    [ArticleID] => 99239
                    [Title] => Bancommerce inks MOA with Urban owners
                    [Summary] => 

Bank of Commerce is finalizing its bid to acquire Urban Bank by joining forces
with the major stockholders of the closed bank.

Social Security System (SSS) chairman and president Carlos Arellano said
yesterday Bank of Commerce had signed a memorandum of agreement (MOA) with
existing shareholders of Urban Bank to join forces with them.

"Bank of Commerce signed a MOA last week with Urban Bank stockholders,"
Arellano said. SSS holds a substantial share in the bank equivalent to two
board seats.
                    [DatePublished] => 2000-05-30 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1197311
                    [AuthorName] => by Jun Ebias
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

        )

)

abtest

Bancommerce inks MOA with Urban owners

By by Jun Ebias | May 30, 2000 - 12:00am

Bank of Commerce is finalizing its bid to acquire Urban Bank by joining forces with the major stockholders of the closed bank. Social Security System (SSS) chairman and president Carlos Arellano said yesterday...

Business