Rural bank issues clarifications

-A A +A

Friday, January 10, 2014


A RURAL bank in Daanbantayan, Cebu mourned the death of its employee who was killed together with other two people by its security guard on New Year’s Eve.

The First Agro-Industrial Rural Bank Inc., or FairBank, spoke for the first time since the murder-cum-robbery took place.

In its official statement, the bank and its employees said they were in deep sorrow to have lost accounting clerk Jenelyn Migabon, 26, who was dedicated to her work.

“Her rendering of overtime work alone, even during the holidays, was in fact a manifestation of this dedication,” management said.

After Migabon’s funeral last Sunday, the bank said it was time to clear issues concerning the incident that happened inside its premises.

First, the management said it didn’t issue the termination order of security guard Berly Tudtud, 28, who was tagged by police as the suspect in the crime.

Instead, the bank requested the Ricarte Security Agency to replace him for making unauthorized calls.

Tudtud was arrested by intelligence operatives last Sunday in the outskirts of Sagay City, Negros Occidental where he hid in a friend’s house.

‘Quality of life’

Second, the management said it didn’t encourage overtime work, as this may result in employees being unproductive during regular working hours.

Migabon was working overtime to finish a report when Tudtud allegedly shot her in the head.

Tudtud also allegedly shot security guard Dean Deserto, 26, who was working the night shift with him, and Deserto’s live-in partner Cecilia Torres, 30.

“FairBank values not only the life of the employees. FairBank values a quality life for its employees and families as well,” the statement read.

Third, the bank lost P79,570 cash that was placed into two drawers of a steel cabinet.

This has been verified by the bank’s internal audit through official receipts given to bank clients.

Lastly, the management said the incident didn’t happen inside the bank, whose roof is undergoing renovation after being damaged by super typhoon Yolanda last Nov. 8.

The bank’s vault was not touched nor was there an attempt to open it.

The missing cash was taken from loan collections temporarily placed in the locked steel cabinet outside the office.

The management was grateful for the active support of the Daanbantayan Police Station and Cebu Provincial Police Office that led to Tudtud’s immediate arrest.

Published in the Sun.Star Cebu newspaper on January 10, 2014.

Local news

DISCLAIMER: Sun.Star website welcomes friendly debate, but comments posted on this site do not necessary reflect the views of the Sun.Star management and its affiliates. Sun.Star reserves the right to delete, reproduce or modify comments posted here without notice. Posts that are inappropriate will automatically be deleted.

Forum rules: Do not use obscenity. Some words have been banned. Stick to the topic. Do not veer away from the discussion. Be coherent and respectful. Do not shout or use CAPITAL LETTERS!
2013 Bar results out

FOREX: US$ 1.00 = PhP 44.420

Bangko Sentral ng Pilipinas

Philippine Lotto Results

Gamesort iconCombinations
6Digit7-2-0-8-1-6
Swertres Lotto 11AM8-9-8
Swertres Lotto 4PM4-5-2
Swertres Lotto 9PM6-0-7
EZ2 Lotto 9PM04-02
public media
Plus and Special
Channel 14

Today's front page

Sun.Star Cebu front page for April 17, 2014

Other front pages

Sun.Star Jobs
  • Sinulog
  • ePaper
  • goodearth
  • Philippine Polls
  • Festivals
  • Sunstar Multimedia
  • Habemus Papam
  • SunStar Celebrity
  • Technology
  • Pnoy
  • Obituary
  • Sun.Star Zup!
  • Calamity Report
  • tell it to sunstar
  • Pacman blog
  • Filipino Abroad