CA extends order preventing liquidation of closed AMA Bank

CA extends order preventing liquidation of closed AMA Bank

​Shuttered AMA Rural Bank of Mandaluyong (AMA Bank) secured a writ of preliminary injunction from the Court of Appeals (CA) that orders the Philippine Deposit Insurance Corporation (PDIC) from further pursuing its deposit insurance and liquidation operations of the...
CA extends order preventing liquidation of closed AMA Bank

AMA Bank is still closed – PDIC

AMA Bank and PDIC’s advisory (inset) – (PDIC handout photo) State deposit insurer Philippine Deposit Insurance Corporation (PDIC) reminds the public that AMA Rural Bank of Mandaluyong, Inc. (AMA Bank) remains closed and under PDIC liquidation. In a...