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                    [ArticleID] => 99256
                    [Title] => IN BID TO ACQUIRE URBAN BANK: Bancommerce wins support of majorityshareholders
                    [Summary] => 

Bank of Commerce moved one step closer to acquiring Urban Bank after winning
the support of its majority stockholders, Bank of Commerce President Raul de
Mesa said yesterday.

He said major shareholders like the groups of Arsenio Bartolome and Teodoro
Borlongan, which own at least 30 percent of Urban Bank, have already signed a
memorandum of agreement (MOA) last week. The MOA allows the existing
shareholders to join forces with Bank of Commerce in its bid to buy the
bank.

"It's true we did sign an agreement for the proposed rehabilitation of the
bank.
                    [DatePublished] => 2000-05-31 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1197311
                    [AuthorName] => by Jun Ebias
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

        )

)

ARSENIO BARTOLOME AND TEODORO

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    [results] => Array
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            [0] => Array
                (
                    [ArticleID] => 99256
                    [Title] => IN BID TO ACQUIRE URBAN BANK: Bancommerce wins support of majorityshareholders
                    [Summary] => 

Bank of Commerce moved one step closer to acquiring Urban Bank after winning
the support of its majority stockholders, Bank of Commerce President Raul de
Mesa said yesterday.

He said major shareholders like the groups of Arsenio Bartolome and Teodoro
Borlongan, which own at least 30 percent of Urban Bank, have already signed a
memorandum of agreement (MOA) last week. The MOA allows the existing
shareholders to join forces with Bank of Commerce in its bid to buy the
bank.

"It's true we did sign an agreement for the proposed rehabilitation of the
bank.
                    [DatePublished] => 2000-05-31 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1197311
                    [AuthorName] => by Jun Ebias
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

        )

)

abtest

IN BID TO ACQUIRE URBAN BANK: Bancommerce wins support of majorityshareholders

By by Jun Ebias | May 31, 2000 - 12:00am

Bank of Commerce moved one step closer to acquiring Urban Bank after winning the support of its majority stockholders, Bank of Commerce President Raul de Mesa said yesterday. He said major shareholders like...

Business