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                    [ArticleID] => 186795
                    [Title] => First e-Bank to become holding company for media-related businesses
                    [Summary] => First e-Bank (FSTE), the banking arm of Metro Pacific Corp., will reinvent itself into a holding company for media-related businesses as it completes the transfer of its assets and liabilities to the SM Group’s Banco de Oro Universal Bank.


In a disclosure to the Philippine Stock Exchange, FSTE first vice president and corporate information officer Elmer Nitura said the bank’s board of directors had approved the business plan to transform into a holding company and change its corporate name to Prime Media Holdings Inc.


                    [DatePublished] => 2002-12-06 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096615
                    [AuthorName] =>  Christina Mendez
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [1] => Array
                (
                    [ArticleID] => 181264
                    [Title] => Banco de Oro takes over First e-Bank operations
                    [Summary] => Banco de Oro has started taking over of the operations of First e-Bank (FSTE) following the implementation of a supplementary agreement with BDO assuming a maximum of P10 billion in deposit liabilities and other bills payable of FSTE, officials of the two listed banks told the Philippine Stock Exchange.


FSTE corporate information officer Danielle Maria Sales said they have signed an agreement effective Oct. 23 wherein BDO will assume the liabilities of FSTE in consideration of the former’s purchase of selected and liquid assets of FSTE.


                    [DatePublished] => 2002-10-25 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096615
                    [AuthorName] =>  Christina Mendez
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [2] => Array
                (
                    [ArticleID] => 178373
                    [Title] => Banco de Oro, First e-Bank agree on P10-B liability limit
                    [Summary] => Banco de Oro (BDO) and First e-Bank (FSTE) of the Metro Pacific Group have agreed on a P10-billion limit in the transfer of FSTE’s liabilities in line with BDO’s planned takeover, documents submitted to the Philippine Stock Exchange (PSE) show.


Based on additional information furnished by FSTE, BDO has agreed to the P10-billion cap in the assumption of FSTE’s liabilities to BDO in exchange for select assets and assumption of deposits as reached in their Sept. 25 memorandum of agreement.


                    [DatePublished] => 2002-10-03 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096615
                    [AuthorName] =>  Christina Mendez
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [3] => Array
                (
                    [ArticleID] => 177693
                    [Title] => SM’s Banco de Oro to buy First e-Bank
                    [Summary] => The SM Group’s banking arm Banco de Oro has acquired First e-Bank, the thrift bank unit of Metro Pacific Corp., a move that will catapult the former to the ranks of the 10 biggest universal banks in the country.


                    [DatePublished] => 2002-09-28 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096615
                    [AuthorName] =>  Christina Mendez
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [4] => Array
                (
                    [ArticleID] => 177197
                    [Title] => BDO, Bancommerce, Asia United vie for right to buy First e-Bank
                    [Summary] => First e-Bank Corp. (FSTE), the banking arm of the Metro Pacific group, said yesterday there are no plans to close the bank only to reopen it under the name of a prospective partner.


In a disclosure to the Philippine Stock Exchange, FSTE said existing proposals from other banks are for merger and direct investments, although no agreements have yet been reached with any of the bidders.


Three banks are reportedly bidding for the right to buy and rehabilitate FSTE from the MPC group – Banco de Oro Universal Bank, Bank of Commerce, and Asia United Bank.


                    [DatePublished] => 2002-09-24 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096615
                    [AuthorName] =>  Christina Mendez
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

        )

)

FSTE

Array
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    [results] => Array
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            [0] => Array
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                    [ArticleID] => 186795
                    [Title] => First e-Bank to become holding company for media-related businesses
                    [Summary] => First e-Bank (FSTE), the banking arm of Metro Pacific Corp., will reinvent itself into a holding company for media-related businesses as it completes the transfer of its assets and liabilities to the SM Group’s Banco de Oro Universal Bank.


In a disclosure to the Philippine Stock Exchange, FSTE first vice president and corporate information officer Elmer Nitura said the bank’s board of directors had approved the business plan to transform into a holding company and change its corporate name to Prime Media Holdings Inc.


                    [DatePublished] => 2002-12-06 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096615
                    [AuthorName] =>  Christina Mendez
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [1] => Array
                (
                    [ArticleID] => 181264
                    [Title] => Banco de Oro takes over First e-Bank operations
                    [Summary] => Banco de Oro has started taking over of the operations of First e-Bank (FSTE) following the implementation of a supplementary agreement with BDO assuming a maximum of P10 billion in deposit liabilities and other bills payable of FSTE, officials of the two listed banks told the Philippine Stock Exchange.


FSTE corporate information officer Danielle Maria Sales said they have signed an agreement effective Oct. 23 wherein BDO will assume the liabilities of FSTE in consideration of the former’s purchase of selected and liquid assets of FSTE.


                    [DatePublished] => 2002-10-25 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096615
                    [AuthorName] =>  Christina Mendez
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [2] => Array
                (
                    [ArticleID] => 178373
                    [Title] => Banco de Oro, First e-Bank agree on P10-B liability limit
                    [Summary] => Banco de Oro (BDO) and First e-Bank (FSTE) of the Metro Pacific Group have agreed on a P10-billion limit in the transfer of FSTE’s liabilities in line with BDO’s planned takeover, documents submitted to the Philippine Stock Exchange (PSE) show.


Based on additional information furnished by FSTE, BDO has agreed to the P10-billion cap in the assumption of FSTE’s liabilities to BDO in exchange for select assets and assumption of deposits as reached in their Sept. 25 memorandum of agreement.


                    [DatePublished] => 2002-10-03 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096615
                    [AuthorName] =>  Christina Mendez
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [3] => Array
                (
                    [ArticleID] => 177693
                    [Title] => SM’s Banco de Oro to buy First e-Bank
                    [Summary] => The SM Group’s banking arm Banco de Oro has acquired First e-Bank, the thrift bank unit of Metro Pacific Corp., a move that will catapult the former to the ranks of the 10 biggest universal banks in the country.


                    [DatePublished] => 2002-09-28 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096615
                    [AuthorName] =>  Christina Mendez
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [4] => Array
                (
                    [ArticleID] => 177197
                    [Title] => BDO, Bancommerce, Asia United vie for right to buy First e-Bank
                    [Summary] => First e-Bank Corp. (FSTE), the banking arm of the Metro Pacific group, said yesterday there are no plans to close the bank only to reopen it under the name of a prospective partner.


In a disclosure to the Philippine Stock Exchange, FSTE said existing proposals from other banks are for merger and direct investments, although no agreements have yet been reached with any of the bidders.


Three banks are reportedly bidding for the right to buy and rehabilitate FSTE from the MPC group – Banco de Oro Universal Bank, Bank of Commerce, and Asia United Bank.


                    [DatePublished] => 2002-09-24 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096615
                    [AuthorName] =>  Christina Mendez
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

        )

)

abtest

First e-Bank to become holding company for media-related businesses

By Christina Mendez | December 6, 2002 - 12:00am

First e-Bank (FSTE), the banking arm of Metro Pacific Corp., will reinvent itself into a holding company for media-related businesses as it completes the transfer of its assets and liabilities to the SM Group’s...

Business

Banco de Oro takes over First e-Bank operations

By Christina Mendez | October 25, 2002 - 12:00am

Banco de Oro has started taking over of the operations of First e-Bank (FSTE) following the implementation of a supplementary agreement with BDO assuming a maximum of P10 billion in deposit liabilities and other...

Business

Banco de Oro, First e-Bank agree on P10-B liability limit

By Christina Mendez | October 3, 2002 - 12:00am

Banco de Oro (BDO) and First e-Bank (FSTE) of the Metro Pacific Group have agreed on a P10-billion limit in the transfer of FSTE’s liabilities in line with BDO’s planned takeover, documents submitted to...

Business

SM’s Banco de Oro to buy First e-Bank

By Christina Mendez | September 28, 2002 - 12:00am

The SM Group’s banking arm Banco de Oro has acquired First e-Bank, the thrift bank unit of Metro Pacific Corp., a move that will catapult the former to the ranks of the 10 biggest universal banks in the co...

Business

BDO, Bancommerce, Asia United vie for right to buy First e-Bank

By Christina Mendez | September 24, 2002 - 12:00am

First e-Bank Corp. (FSTE), the banking arm of the Metro Pacific group, said yesterday there are no plans to close the bank only to reopen it under the name of a prospective partner. In a disclosure to the Philippine...

Business