About Prime Media
Prime Media Holdings, Inc. (PRIM) was originally incorporated on February 6, 1963 as Private Development Corporation of the Philippines and then changed to PDCP Development Bank, Inc. that same year. In June 6, 2000, the Company changed its name to First e-Bank Corporation and then eventually shifted to its current name on October 20, 2003. In 2002, Banco de Oro Unibank, Inc. assumed the servicing of PRIM’s deposit liabilities and other banking functions.
On December 6, 2002, the Board of PRIM approved the amendment of its articles of incorporation to change to primary purpose from a development bank to a holding company, which would hold investments in the media industry. On January 26, 2013, the BOD approved the amendment in its Articles of Incorporation extending the corporate life of PMHI by another 50 years up to February 6, 2063. The stockholders of the Company approved and ratified the amendment in a special stockholders’ meeting on February 4, 2013. On February 5, 2013 the company filed the Amended AOI with the SEC and SEC approval was obtained last March 4, 2013. In view of the very minimal operations, the Company gradually retired all its employees by 2010 and engaged consultants/service providers to service its requirements..