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                (
                    [ArticleID] => 99102
                    [Title] => Security Bank set to acquire Federal Savings
                    [Summary] => 

Security Bank, the country's 13th largest commercial bank in terms of assets
and capital, is set to acquire Federal Savings and Mortgage Bank for P550
million as part of its plan to expand its presence in the retail market,
Security Bank president Rafael Simpao told The STAR yesterday.

"It (Federal Savings) is a small bank with very clean balance sheet.  It does
not have non-performing loans and it is relatively new," he said.  The bank,
based in Metro Manila, has three branches located in Makati, Novaliches in
Quezon City and San Pedro, Laguna.
                    [DatePublished] => 2000-05-18 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1197311
                    [AuthorName] => by Jun Ebias
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

        )

)

QUEZON CITY AND SAN PEDRO

Array
(
    [results] => Array
        (
            [0] => Array
                (
                    [ArticleID] => 99102
                    [Title] => Security Bank set to acquire Federal Savings
                    [Summary] => 

Security Bank, the country's 13th largest commercial bank in terms of assets
and capital, is set to acquire Federal Savings and Mortgage Bank for P550
million as part of its plan to expand its presence in the retail market,
Security Bank president Rafael Simpao told The STAR yesterday.

"It (Federal Savings) is a small bank with very clean balance sheet.  It does
not have non-performing loans and it is relatively new," he said.  The bank,
based in Metro Manila, has three branches located in Makati, Novaliches in
Quezon City and San Pedro, Laguna.
                    [DatePublished] => 2000-05-18 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1197311
                    [AuthorName] => by Jun Ebias
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

        )

)

abtest

Security Bank set to acquire Federal Savings

By by Jun Ebias | May 18, 2000 - 12:00am

Security Bank, the country's 13th largest commercial bank in terms of assets and capital, is set to acquire Federal Savings and Mortgage Bank for P550 million as part of its plan to expand its presence in the...

Business