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                    [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] => 
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FIRST SAVINGS BANK INC

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    [results] => Array
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            [0] => Array
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                    [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] => 
                )

        )

)

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PDIC to service First Savings depositors starting tomorrow

By Ted P. Torres | September 13, 2004 - 12:00am

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...

Business