BSP shuts down Tarlac-based rural bank

MANILA, Philippines – The Bangko Sentral ng Pilipinas (BSP) has placed the Tarlac-based First Provincial Bank Inc. (A Rural Bank) under the receivership of the state-run Philippine Deposit Insurance Corporation (PDIC).
PDIC said in a statement that it took over First Provincial Rural Bank last April 20 by virtue of the BSP Monetary Board Resolution 592 issued last April 19.
First Provincial Bank is a four-unit bank with head office located along McArhur Highway cor. Juan Luna St. in Tarlac City.
It has three branches including one in Mabalacat, Pampanga; Paniqui, Tarlac; and La Trinidad, Benguet.
Latest available records showed that the bank had 4,233 accounts with total deposit liabilities of P190.5 million as of June 30 last year.
According to the latest General Information Sheet filed by the First Provincial Bank with the Securities and Exchange Commission (SEC), the bank is owned by Blesilo Florido Buan, Florido Buan, and Romina Canilao.
In a statement, PDIC said that upon takeover, all bank records shall be gathered, verified and validated. The state deposit insurer assured depositors that all valid deposits shall be paid up to the maximum deposit insurance coverage of P500,000.
PDIC said that depositors with valid accounts with balances of P10,000 and below, who have no outstanding obligations with First Provincial Bank and who have updated their addresses with the bank in the past year, need not file deposit insurance claims. PDIC targets to start mailing payments to these depositors to the last known addresses recorded in the bank by last week of May 2012.
Depositors whose accounts have balances of more than P10,000 and have outstanding obligations should file their deposit insurance claims. The claims settlement operations will be conducted at the bank premises by third week of June 2012.
Depositors’ forums would also be conducted for the head office and branches on April 24 to inform depositors of the requirements and procedures for filing deposit insurance claims.
According to PDIC, depositors who have balances of P10,000 and below but whose addresses in the bank records may not be updated or are incomplete would be given the chance to update their addresses.
http://www.abs-cbnnews.com/business/04/22/12/bsp-shuts-down-tarlac-based-rural-bank

Good hotel accommodation in Clark is available for Manila residents and tourists looking for good resorts in Pampanga for vacations and holidays in Philippines. Clearwater Resort is one of the best resorts in Pampanga that is lauded by Manila residents for its safe and clean outdoor facilities that are perfect for family bonding or for stressed out Manila residents to relax and unwind during a weekend in the north. Many guests of this hotel in Clark Pampanga enjoy fishing in the lake or their fishing pond located next to the outback tents hotel accommodation. Clearwater appears frequently on the top of a list of the best hotels in Pampanga. Function room for meetings and seminars is also available in this popular resort in Clark Philippines.

The growing array of hotel resort accommodation, recreation and entertainment facilities, places to unwind and relax, fine dining and family restaurants, bars and pubs makes it increasing easy for tourists and visitors from Manila to spend quality time in a place of leisure in Clark, Pampanga.

To many visitors from Manila, a place of leisure or a good hotel or resort in Pampanga must be located in a city that is safe, clean and not so noisy. Convenience and accessibility are important considerations in choosing a holiday destination in Philippines. Clark Freeport is probably the easiest tourist destination to reach from Manila. Clark also has its own international airport with dozens of daily flights connecting Clark directly with Hong Kong, Macau, Taiwan, Singapore, Bangkok, Malaysia and South Korea. Clark is home to some of the best golf courses in Pampanga. Although golf continues to be one of the reasons why visitors from Manila travel to Pampanga, residents of Angeles City, Subic and Bulacan travel to Clark not just to play golf in one of the best golf courses in Pampanga but also to relax and unwind in the best resort in Philippines.

Hotels, resorts, vacation rentals, fine dining and family restaurants, bars and pubs, entertainment, nightlife, place of leisure, sports and recreation facilities in Clark and Angeles Pampanga are showcased for the convenience of visitors planning a getaway from Manila or a weekend out of town to relax and unwind in a clean and safe city.

Spa is not the only way to unwind for people who are stressed out by Manila traffic and noise pollution.

Clearwater Resort & Country Club offers several styles of accommodation from US$65 up inclusive of breakfast for two at the beautiful Breakfast Garden Restaurant overlooking the large Clearwater lake and beach. This is a good rendition of the lifestyle that the Americans left behind after they left the Clark Airbase. A good short description of this lifestyle is suburban laid-back slow-paced clean living, very suitable for tourists and guests looking for a way to unwind from the stress of living in Manila.

In a city like Manila, most residents rely on visits to spa and beauty parlor to unwind and relax. But with a short getaway to Angeles City Clark Pampanga one can de-stress by enjoying beautiful outdoor amenities of this beach resort, savoring what nature can offer.

For reservations, comments and inquiries,

Clearwater Resort & Country Club
Creekside Road corner of Centennial Road,
Central Business District, Clark Freeport Zone,
Pampanga, Philippines 2023

Tel: (045)599-5949 0917-520-4403 0922-870-5177

Manila Sales Office
3003C East Tower, Phil Stock Exchange Center,
Exchange Rd Ortigas Metro Manila, Philippines 1605
(632) 637-5019 0917-520-4393 Rea or Chay

http://www.ClearwaterPhilippines.com

Email: Inquiry@ClearwaterPhilippines.com

Getting to this hotel in Clark Philippines
After entering Clark Freeport from Subic, Manila, Dau and Angeles City, proceed straight along Clark’s main highway MA Roxas, passing Clark’s largest wine shop called Clark Wine Center on your right, continue to bear right making no turns at all, go past Mimosa Leisure Estate on the opposite side of the road, you will hit a major intersection. Go straight and the road becomes Creekside Road. YATS Clearwater Resort and Country Club is on your right just 200m down. Traffic in Clark Philippines is light so it should be quite easy for get to this hotel in Clark Philippines.

For inquiries and bookings, click here to contact Clearwater Resort now

Wedding couples looking for wedding reception venues and beach wedding venues can log on to this Philippines Wedding Venue web site for free information and assistance:

http://www.PhilippinesWeddingVenue.com

While in Clark, it might be a good idea to enjoy an evening of wine-and-dine in the fine dining Yats Restaurant and Wine Bar that features an award winning 2700-line wine list. It is located in Mimosa Leisure Estate of Clark Freeport Zone. For more information, visit http://www.YatsRestaurant.com

YATS Leisure Philippines is a developer and operator of clubs, resorts and high-class restaurants and wine shops in Clark Angeles Philippines http://www.YatsLeisure.com

While in Clark, one might as well add to the itinerary a visit to the famous Clark Wine Center, the largest wine shop in Philippines which offers over 2000 selections of fine vintage wine from all wine regions, vintages spanning over 50 years covering all price ranges.
http://www.ClarkWineCenter.com

Looking for famous tourists spots, places to visit and see, relax and unwind in Clark, Pampanga, Philippines? You may want to check out these sites also:

http://www.LondonPubClark.com

http://www.HotelClarkPhilippines.com

http://www.ClarkPhilippines.com

http://www.YatsWineCellars.com

For jobs and business investment opportunities in the Philippines please visit http://www.yilp.com