Array
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    [results] => Array
        (
            [0] => Array
                (
                    [ArticleID] => 264886
                    [Title] => Depositors ng FSB binayaran na
                    [Summary] => Daan-daang depositors sa nagsarang First Savings Bank sa Divisoria ang muling dumagsa  matapos na simulan kahapong ibalik ng pamunuan ng Philippine Deposit Insurance Corporation (PDIC) ang kanilang idinepositong pera.


Dakong alas-8 ng umaga ay nagsimula na ang proseso sa pagkuha ng kani-kanilang pera ang mga depositors sa FSB sa pamamagitan na rin ng tulong ng PDIC na pinamumunuan ni Ricardo Tan.


Nabatid na araw-araw ay mahigit sa 100 depositors ang sasailalim sa proseso upang maibalik ang kanilang naidepositong pera sa nagsarang bangko.


                    [DatePublished] => 2004-09-15 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => PSN Metro
                    [SectionUrl] => metro
                    [URL] => 
                )

            [1] => Array
                (
                    [ArticleID] => 264676
                    [Title] => Media attention for bank run victims
                    [Summary] => Last Saturday, I related the sad story about how I practically worked like a slave and almost starved to death in the US – just because I didn’t want to touch my savings here in the Philippines. In the end, I lost all that money when Prime Savings Bank closed shop in just a snap.


                    [DatePublished] => 2004-09-14 00:00:00
                    [ColumnID] => 135733
                    [Focus] => 0
                    [AuthorID] => 1186451
                    [AuthorName] => Butch Francisco
                    [SectionName] => Entertainment
                    [SectionUrl] => entertainment
                    [URL] => 
                )

            [2] => Array
                (
                    [ArticleID] => 264726
                    [Title] => CTB, RBAP defend banking industry
                    [Summary] => Small banks within the thrift and rural banking system are not necessarily unstable as most are sound, stable, and well-managed. In fact, the two banking systems extend credit to most of the economy’s growth drivers.


That was the reaction of the Chamber of Thrift Banks (CTB) and the Rural Bankers Association of the Philippines (RBAP) to statements that all small banks were financially unstable following the closure of First Savings Bank last week.


                    [DatePublished] => 2004-09-14 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1097672
                    [AuthorName] =>  Ted P. Torres
                    [SectionName] => Banking
                    [SectionUrl] => banking
                    [URL] => 
                )

            [3] => Array
                (
                    [ArticleID] => 264727
                    [Title] => HB 2403 strengthens BSP, PDIC
                    [Summary] => A bill has been filed at the House of Representatives increasing examination powers of the monetary authorities.


House Bill (HB) 2403 allows the Bangko Sentral ng Pilipinas (BSP), the Philippine Deposit Insurance Corp. (PDIC) and the Bureau of Internal Revenue (BIR) to look into bank deposits "for supervisory and tax audit purposes."


                    [DatePublished] => 2004-09-14 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Banking
                    [SectionUrl] => banking
                    [URL] => 
                )

            [4] => Array
                (
                    [ArticleID] => 264559
                    [Title] => PDIC to service First Savings depositors starting tomorrow
                    [Summary] => The Philippine Deposit Insurance Corp. (PDIC) will start servicing tomorrow claims from depositors of  First Savings Bank Inc.  


First Savings Bank was closed by the Bangko Sentral ng Pilipinas (BSP) last Wednesday when it failed to service its client base. It declared a bank holiday Monday afternoon then failed to reopen.


After a review, the BSP closed the bank and placed it under PDIC receivership when it was determine that its assets were insufficient to cover its liabilities.


                    [DatePublished] => 2004-09-13 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1097672
                    [AuthorName] =>  Ted P. Torres
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [5] => Array
                (
                    [ArticleID] => 264304
                    [Title] => Today’s 2 scary words: Bank run
                    [Summary] => Bank run. Those two words still send me into occasional fits of depression five years after I lost my money – almost every cent of it – when Prime Savings Bank suddenly went on a bank holiday and eventually closed shop in 1999.


Watching the anguished faces of the depositors of the troubled First Savings Bank on the news and in Dong Puno Live last Thursday night made me relive that nightmare all over again. I felt their worry, their sadness and especially their regret. Why did I have to bank there?


                    [DatePublished] => 2004-09-11 00:00:00
                    [ColumnID] => 135733
                    [Focus] => 0
                    [AuthorID] => 1186451
                    [AuthorName] => Butch Francisco
                    [SectionName] => Entertainment
                    [SectionUrl] => entertainment
                    [URL] => 
                )

            [6] => Array
                (
                    [ArticleID] => 264102
                    [Title] => PDIC takes over First Savings Bank
                    [Summary] => The Philippine Deposit Insurance Corp. (PDIC)  took over yesterday  First Savings Bank Inc., a small bank servicing mostly public market vendors and small depositors.


The Bangko Sentral ng Pilipinas (BSP), in its Resolution No. 1265, ordered the bank’s closure and placed it under PDIC receivership due to its inability to pay liabilities as they become due in the ordinary course of business, insufficient realizable assets to cover liabilities and  inability to continue its business without involving probable losses to its depositors or creditors.


                    [DatePublished] => 2004-09-09 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [7] => Array
                (
                    [ArticleID] => 264035
                    [Title] => Bangko sa Divisoria nagsara
                    [Summary] => Tinatayang dalawang libong depositors ng isang bangko sa Divisoria ang nagreklamo dahil sa umano’y hindi pagbibigay sa kanila ng kanilang pera bago tuluyang nagsara nang walang dahilan.


Ayon sa mga depositors ng First Savings Bank na matatagpuan sa CM Recto cor. Sto. Cristo Sts., Divisoria, Manila na karamihan ay mga vendors, na hindi umano sila inabisuhan ng management ng naturang bangko na magsasara na ito.


                    [DatePublished] => 2004-09-08 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => PSN Metro
                    [SectionUrl] => metro
                    [URL] => 
                )

        )

)

FIRST SAVINGS BANK

Array
(
    [results] => Array
        (
            [0] => Array
                (
                    [ArticleID] => 264886
                    [Title] => Depositors ng FSB binayaran na
                    [Summary] => Daan-daang depositors sa nagsarang First Savings Bank sa Divisoria ang muling dumagsa  matapos na simulan kahapong ibalik ng pamunuan ng Philippine Deposit Insurance Corporation (PDIC) ang kanilang idinepositong pera.


Dakong alas-8 ng umaga ay nagsimula na ang proseso sa pagkuha ng kani-kanilang pera ang mga depositors sa FSB sa pamamagitan na rin ng tulong ng PDIC na pinamumunuan ni Ricardo Tan.


Nabatid na araw-araw ay mahigit sa 100 depositors ang sasailalim sa proseso upang maibalik ang kanilang naidepositong pera sa nagsarang bangko.


                    [DatePublished] => 2004-09-15 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => PSN Metro
                    [SectionUrl] => metro
                    [URL] => 
                )

            [1] => Array
                (
                    [ArticleID] => 264676
                    [Title] => Media attention for bank run victims
                    [Summary] => Last Saturday, I related the sad story about how I practically worked like a slave and almost starved to death in the US – just because I didn’t want to touch my savings here in the Philippines. In the end, I lost all that money when Prime Savings Bank closed shop in just a snap.


                    [DatePublished] => 2004-09-14 00:00:00
                    [ColumnID] => 135733
                    [Focus] => 0
                    [AuthorID] => 1186451
                    [AuthorName] => Butch Francisco
                    [SectionName] => Entertainment
                    [SectionUrl] => entertainment
                    [URL] => 
                )

            [2] => Array
                (
                    [ArticleID] => 264726
                    [Title] => CTB, RBAP defend banking industry
                    [Summary] => Small banks within the thrift and rural banking system are not necessarily unstable as most are sound, stable, and well-managed. In fact, the two banking systems extend credit to most of the economy’s growth drivers.


That was the reaction of the Chamber of Thrift Banks (CTB) and the Rural Bankers Association of the Philippines (RBAP) to statements that all small banks were financially unstable following the closure of First Savings Bank last week.


                    [DatePublished] => 2004-09-14 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1097672
                    [AuthorName] =>  Ted P. Torres
                    [SectionName] => Banking
                    [SectionUrl] => banking
                    [URL] => 
                )

            [3] => Array
                (
                    [ArticleID] => 264727
                    [Title] => HB 2403 strengthens BSP, PDIC
                    [Summary] => A bill has been filed at the House of Representatives increasing examination powers of the monetary authorities.


House Bill (HB) 2403 allows the Bangko Sentral ng Pilipinas (BSP), the Philippine Deposit Insurance Corp. (PDIC) and the Bureau of Internal Revenue (BIR) to look into bank deposits "for supervisory and tax audit purposes."


                    [DatePublished] => 2004-09-14 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Banking
                    [SectionUrl] => banking
                    [URL] => 
                )

            [4] => Array
                (
                    [ArticleID] => 264559
                    [Title] => PDIC to service First Savings depositors starting tomorrow
                    [Summary] => The Philippine Deposit Insurance Corp. (PDIC) will start servicing tomorrow claims from depositors of  First Savings Bank Inc.  


First Savings Bank was closed by the Bangko Sentral ng Pilipinas (BSP) last Wednesday when it failed to service its client base. It declared a bank holiday Monday afternoon then failed to reopen.


After a review, the BSP closed the bank and placed it under PDIC receivership when it was determine that its assets were insufficient to cover its liabilities.


                    [DatePublished] => 2004-09-13 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1097672
                    [AuthorName] =>  Ted P. Torres
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [5] => Array
                (
                    [ArticleID] => 264304
                    [Title] => Today’s 2 scary words: Bank run
                    [Summary] => Bank run. Those two words still send me into occasional fits of depression five years after I lost my money – almost every cent of it – when Prime Savings Bank suddenly went on a bank holiday and eventually closed shop in 1999.


Watching the anguished faces of the depositors of the troubled First Savings Bank on the news and in Dong Puno Live last Thursday night made me relive that nightmare all over again. I felt their worry, their sadness and especially their regret. Why did I have to bank there?


                    [DatePublished] => 2004-09-11 00:00:00
                    [ColumnID] => 135733
                    [Focus] => 0
                    [AuthorID] => 1186451
                    [AuthorName] => Butch Francisco
                    [SectionName] => Entertainment
                    [SectionUrl] => entertainment
                    [URL] => 
                )

            [6] => Array
                (
                    [ArticleID] => 264102
                    [Title] => PDIC takes over First Savings Bank
                    [Summary] => The Philippine Deposit Insurance Corp. (PDIC)  took over yesterday  First Savings Bank Inc., a small bank servicing mostly public market vendors and small depositors.


The Bangko Sentral ng Pilipinas (BSP), in its Resolution No. 1265, ordered the bank’s closure and placed it under PDIC receivership due to its inability to pay liabilities as they become due in the ordinary course of business, insufficient realizable assets to cover liabilities and  inability to continue its business without involving probable losses to its depositors or creditors.


                    [DatePublished] => 2004-09-09 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [7] => Array
                (
                    [ArticleID] => 264035
                    [Title] => Bangko sa Divisoria nagsara
                    [Summary] => Tinatayang dalawang libong depositors ng isang bangko sa Divisoria ang nagreklamo dahil sa umano’y hindi pagbibigay sa kanila ng kanilang pera bago tuluyang nagsara nang walang dahilan.


Ayon sa mga depositors ng First Savings Bank na matatagpuan sa CM Recto cor. Sto. Cristo Sts., Divisoria, Manila na karamihan ay mga vendors, na hindi umano sila inabisuhan ng management ng naturang bangko na magsasara na ito.


                    [DatePublished] => 2004-09-08 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => PSN Metro
                    [SectionUrl] => metro
                    [URL] => 
                )

        )

)

abtest