PSE Circular for Brokers No. 774-98

April 23, 1998 PSE CIRCULAR FOR BROKERS NO. 774-98 April 21, 1998 SECURITIES AND EXCHANGE COMMISSION SEC FORM 11-C CURRENT REPORT PURSUANT TO SECTION 11 OF THE REVISED SECURITIES ACT AND RSA RULE 11(a)-1(b)(3) THERE UNDER 1. Date of Report April 21, 1998 2. Commission Identification No. 93830 3. BIR TIN 480000509006 4. Exact name of registrant as specified in its charter URBAN BANK, INC. 5. Incorporated in Pasig, Philippines on July 8, 1980 6. Industry Classification Code 7. Address or registrant's principal office Postal Code UrbanBank Plaza, Urban Avenue, Makati City 1200 8. Registrant's telephone number: 844-1981; 878-0768 9. Former name, former address and former fiscal year, if changed since last record: not applicable 10. Securities registered pursuant to Sections 4 and 8 of the RSA Title of each class Number of shares of common stock outstanding or amount of debt or amount of debt outstanding asset backed securities worth P500 Million 11. Indicate the item numbers reported herein: Please be informed that the following are the results of the election of the Board of Directors which was held during the Annual Stockholders Meeting of Urban Bank on April 21, 1998 at the Manila Golf and Country Club. cdt Item 4 A. The election of the members of the Board of Directors for the year 1998-1999 1. Arsenio M. Bartolome III 9. Noel A. Laman 2. Teodoro C. Borlongan 10. Eric L. Lee 3. Isidro A. Consunji 11. Ferdinand Y. Lim 4. Benjamin L. De Leon 12. Carlos C. Salinas 5. Juvencio D. Dizon 13. Corazon M. Bejasa 6. Francisco C. Eizmendi, Jr. 14. Edwin V. Fernandez 7. Dee Hua T. Gatchalian 15. Mario J. Padilla 8. Delfin C. Gonzalez, Jr. SIGNATURES Pursuant to the requirements of the Revised Securities Act, the registrant has did caused this report to be signed on its behalf by the undersigned hereunto duly authorized (SGD.) CORAZON M. BEJASA Corporate Secretary