References in periodicals archive ?
The core NMSB, which is non-means tested and non-repayable, has been set at PS6,578 per year since 2009/10.
Loans grew by $177.7 million to $20.42 billion during the first quarter of 2016, reflecting originated portfolio growth and the NMSB acquisition.
The increase was driven primarily by investment securities gains of $4.6 million, lower adjustments to the FDIC receivable and the $1.7 million gain on the acquisition of NMSB in the current quarter.
PCI loans decreased by $4.6 million, reflecting loan runoff of $39.9 million, partially offset by net loans acquired from NMSB of $35.3 million at March 31, 2016.
The 14 officers of the bank were "stranded" on NMSB island, and were voted oft via e-mail, one by one, by employees.