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Manila Bulletin devider Philippines devider National devider Supreme Court En Banc issues pivotal revolution in favor of AMA Bank Reopening

Supreme Court En Banc issues pivotal revolution in favor of AMA Bank Reopening

Published Jul 31, 2024 01:24 am

The Supreme Court En Banc has recently issued a pivotal resolution in G.R. No. 253270 (Bangko Sentral ng Pilipinas v. Ma. Fe Balceda Sinoro and the Majority Stockholders of AMA Rural Bank of Mandaluyong, Inc.) and G.R. No. 253411 (Philippine Deposit Insurance Corporation v. Ma. Fe Balceda Sinoro and the Majority Stockholders of AMA Rural Bank of
Mandaluyong, Inc.), clearing all obstacles for the reopening of AMA Bank. 

This significant legal development paves the way for the bank's return to full operations. Depositors are advised to stay tuned for upcoming announcements from AMA Bank regarding this reopening.
 

A copy of the official announcement from AMA Bank published in Manila Bulletin broadsheet
can be seen below.

Screenshot 2024-07-31 at 9.21.17 AM.png

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