abstract:First Pacific Bank Limited (traditional Chinese: 第一太平銀行) was a bank based in Hong Kong. It was a wholly owned subsidiary of the investment holding company FPB Bank Holding Company Limited (FPB Bank Holdco).
By acting now, Pangilinan is trying to make sure FirstPacific will not go the way of Peregrine, the aggressive Hong Kong investment bank that went belly up this month.
Two of the biggest local banks, First Interstate and Security Pacific, have been taken over by San Francisco-based companies, Wells Fargo and Bank of America.
But we pride ourselves on getting early to the rising stars of Asia-Pacific, and sure enough it was more than two years ago when Contributing Editor S. Dinakar first profiled the bank's success for us.