Wednesday, August 22, 2007 (Philippines)

Peninsula Rural Bank, Inc. (Penbank) in Ibabao, Mandaue City lost an undetermined amount of cash to robbers who struck at 12:15 p.m. yesterday.(Sun.star photo/Allan Cuizon) WITH the lone security guard taking a toilet break, two men armed with .45 pistols entered a bank in Mandaue City yesterday and made off with an undetermined amount of cash without firing a shot or hurting anyone. The robbery on Peninsula Rural Bank Inc. (Penbank) Ibabao branch on S.B. Cabahug St. at 12:15 p.m. was over in less than 10 minutes. Mandaue City Police Chief Alexander Abadinas said the use of silencers on the guns is new among robbery groups. [full story]