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First Consolidated Bank
The First Consolidated Bank, also known by its initials FCB, is a private, independent development savings bank organized in 1982 in the province of Bohol in the Philippines by a group of Filipino business people. It operates out of Tagbilaran City, and has 79 branches in different parts of the country. History First Consolidated Bank was established in 1982 as a result of the consolidation of 14 independent rural banks in the province of Bohol. The consolidation of these rural banks, the first in Philippine banking history, resulted in the conversion of these rural banks into branches of First Consolidated. In 1993, FCB started expanding into many parts of the Visayas, Mindanao, and Luzon. The bank has 130 banking offices & and promotional centers nationwide (as of January 2019). In December 1996, the Securities and Exchange Commission approved the bank's amendment to operate as a private development bank in accordance with Republic Act No. 7906, otherwise known as the ''Thrif ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Securities And Exchange Commission (Philippines)
The Securities and Exchange Commission ( fil, Komisyon sa mga Panagot at Palitan}, commonly known as SEC) is the agency of the Government of the Philippines charged with the registration and supervision of corporations and securities, as well as capital market institutions and participants, in the Philippines. As such, the Commission champions investor protection in the Philippines, as part of its mandate. An agency under the Department of Finance, the SEC is headquartered at 7907 Makati Avenue, Barangay Bel-Air, Makati City. It has nine extension offices located in Baguio, Tarlac, Legazpi, Iloilo, Bacolod, Cebu, Cagayan de Oro, Davao and Zamboanga. History The SEC was established on October 26, 1936, by virtue of Commonwealth Act No. 83, or the Securities Act, in order to safeguard public interest in view of the local stock market boom at the time. It was created just two years after the United States Congress created the United States Securities and Exchange Commission. The ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Banks Established In 1982
A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. Because banks play an important role in financial stability and the economy of a country, most jurisdictions exercise a high degree of regulation over banks. Most countries have institutionalized a system known as fractional reserve banking, under which banks hold liquid assets equal to only a portion of their current liabilities. In addition to other regulations intended to ensure liquidity, banks are generally subject to minimum capital requirements based on an international set of capital standards, the Basel Accords. Banking in its modern sense evolved in the fourteenth century in the prosperous cities of Renaissance Italy but in many ways functioned as a continuation of ideas and concepts of credit and lending that had their roots in the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
List Of Banks In The Philippines
The Philippines has a comprehensive banking system encompassing various types of banks, from large universal banks to small rural banks and even non-banks. As of October 17, 2017, there were 36 universal and commercial banks, 57 savings banks, 492 rural banks, 40 credit unions and 6,267 non-banks with quasi-banking functions, all licensed by the Bangko Sentral ng Pilipinas (Central Bank of the Philippines) under the General Banking Act of 2000. On top of regular banking services offered by universal, commercial, thrift and rural banks, there are savings and loan associations which are mainly based in communities and among retirees in the armed forces and the police organization and other employees of the government of the Philippines. Prominent among these small savings services is the Armed Forces and Police Savings and Loan Association, Inc. (AFPSLAI), which is exclusive to active servicemen and retirees of the armed forces in the Philippines. List Universal and commercial b ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Typhoon Haiyan
Typhoon Haiyan, known in the Philippines as Super Typhoon Yolanda, was one of the most powerful tropical cyclones ever recorded. On making landfall, Haiyan devastated portions of Southeast Asia, particularly the Philippines. It is one of the deadliest Philippine typhoons on record, killing at least 6,300 people in that country alone. In terms of JTWC-estimated 1-minute sustained winds, Haiyan is tied with Meranti in 2016 for being the second strongest landfalling tropical cyclone on record, only behind Goni of 2020. As of January 2014, bodies were still being found. Haiyan was also the most intense tropical cyclone worldwide in 2013. This typhoon is also the second deadliest typhoon in the Philippines. The 30th named storm, thirteenth typhoon, and fifth super typhoon of the 2013 Pacific typhoon season, Haiyan originated from an area of low pressure several hundred kilometers east-southeast of Pohnpei in the Federated States of Micronesia on November 2, 2013. Tracking ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Tacloban
Tacloban ( ; ), officially the City of Tacloban ( war, Syudad han Tacloban; fil, Lungsod ng Tacloban), is a first class highly urbanized city in the Eastern Visayas region of the Philippines. The city is autonomous from the province of Leyte, although it serves as its provincial capital. According to the 2020 census, Tacloban has a population of 251,881, making it the most populous city in the Eastern Visayas. The city is located southeast from Manila. Tacloban City was briefly the capital of the Philippines under the Commonwealth Government, from October 20, 1944, to February 27, 1945. In an extensive survey conducted by the Asian Institute of Management Policy Center and released in July 2010, Tacloban City ranks as the fifth most competitive city in the Philippines, and second in the emerging cities category. On November 8, 2013, the city was largely destroyed by Typhoon Haiyan, having previously suffered similar destruction and loss of life in 1897 and 1912. On January ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bohol Province
Bohol (), officially the Province of Bohol ( ceb, Lalawigan sa Bohol; tl, Lalawigan ng Bohol), is an island province of the Philippines located in the Central Visayas region, consisting of the island itself and 75 minor surrounding islands. Its capital is Tagbilaran. With a land area of and a coastline long, Bohol is the tenth largest island of the Philippines.The Island-Province of Bohol Retrieved November 15, 2006. The province of Bohol is a first-class province divided into 3 , comprising 1 |
Tigbauan
Tigbauan, officially the Municipality of Tigbauan ( krj, Banwa kang Tigbauan; hil, Banwa sang Tigbauan; tl, Bayan ng Tigbauan), is a 2nd class municipality in the province of Iloilo, Philippines. According to the 2020 census, it has a population of 65,245 people. Etymology The Maragtas Legend tells that in the 13th century, ten Bornean datus or chieftains left their homeland in the island of Borneo. In order to escape the cruel tyranny of their king, Sultan Makatunaw, they sailed towards the north in their long boats called balang-hais or balangays. They landed on the island of Panay, in order to live a life of unrestricted freedom. The ten Bornean datus or chieftains were led by Datu Puti. They bought the island of Panay from Datu Marikudo, the native chieftain of the Aetas or Negritos. For Panay Island, they paid Datu Marikudo with one golden salakot (headgear), and one gold necklace for his wife Maniwantiwan. (The Aetas or Negritos then went on to live in the mountains ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Interlocutory Appeal
An interlocutory appeal (or interim appeal), in the law of civil procedure in the United States, occurs when a ruling by a trial court is appealed while other aspects of the case are still proceeding. Interlocutory appeals are allowed only under specific circumstances, which are laid down by the federal and the separate state courts. United States An appeal is described as interlocutory when it is made before all claims are resolved as to all parties. For instance, if a lawsuit contains claims for breach of contract, fraud and interference with contractual advantage, and if there are three defendants in this lawsuit, then until all three claims are resolved as to all three defendants, any appeal by any party will be considered interlocutory. The American courts disfavor such appeals, requiring parties to wait until all the claims as to all parties are resolved before any appeal can be brought to challenge any of the decisions made by the judge during the life of the case. "Alth ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Foreclosure
Foreclosure is a legal process in which a lender attempts to recover the balance of a loan from a borrower who has stopped making payments to the lender by forcing the sale of the asset used as the collateral for the loan. Formally, a mortgage lender (mortgagee), or other lienholder, obtains a termination of a mortgage borrower (mortgagor)'s equitable right of redemption, either by court order or by operation of law (after following a specific statutory procedure). Usually a lender obtains a security interest from a borrower who mortgages or pledges an asset like a house to secure the loan. If the borrower defaults and the lender tries to repossess the property, courts of equity can grant the borrower the equitable right of redemption if the borrower repays the debt. While this equitable right exists, it is a cloud on title and the lender cannot be sure that they can repossess the property. Therefore, through the process of foreclosure, the lender seeks to immediate ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Supreme Court Of The Philippines
The Supreme Court ( fil, Kataas-taasang Hukuman; colloquially referred to as the ''Korte Suprema'' lso used in formal writing is the highest court in the Philippines. The Supreme Court was established by the Second Philippine Commission on June 11, 1901 through the enactment of its Act No. 136, an Act which abolished the '' Real Audiencia de Manila'', the predecessor of the Supreme Court. The Supreme Court compound, which sits in what is formerly a part of the University of the Philippines Manila campus, occupies the corner of Padre Faura Street and Taft Avenue in Ermita, Manila, with the main building directly in front of the Philippine General Hospital’s cancer institute. History Pre-hispanic period Prior to the conquest of Spain, the islands of the Philippines were composed of independent barangays, each of which is community composed of 30 to 100 families. Typically, a barangay is headed by a ''datu'' or a local chief who exercises all functions of government—ex ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
