Shulin Farmers Association

Despite NT$2.5 billion (US$80.4 million) in cash on hand, the credit unit of the Shulin Farmers' Association (樹林農會) in Taipei County has suffered a bank run after more than 700 depositors withdrew a total of NT$840 million as of yesterday morning, a government official said. "NT$140 million was withdrawn through the association's ATMs during the weekend and some NT$700 million was withdrawn before noon," Lai Wu-chi (賴武吉), director-general of the Council of Agriculture's bureau of agricultural finance, said during a telephone interview yesterday.