UNBJUnion Nacional Bautista de Jovenes
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The ratings of UNBJ and UNBC were placed on Rating Watch Negative on June 10, 2002 after the company announced the deterioration to non-accrual status of a $21 million commercial loan to an insurance premium financier.
We also note that during the first quarter of fiscal year 2002, UNBJ announced that it had a $5.
This action reflects the announcement that UNBJ is to acquire Phillipsburg-NJ based Vista Bancorp, Inc.