AUB Acquires Asiatrust Banking Assets

Quezon City–(PHStocks)–Asia United Bank¬† Corp. (AUB) and Asiatrust Development Bank (PSE: ASIA) have entered into an agreement for AUB to acquire the banking assets and ass–(PHStocks)–ume the banking liabilities of Asiatrust. The transaction excludes the trust business of Asiatrust. The agreement follows the approval¬†by both bank’s Board of Directors of the terms of the transaction […]
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