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PDIC to continue processing claims of Rural Bank of Bangar (La Union), Inc. depositors |
The Philippine Deposit Insurance Corporation (PDIC) announced that it will continue to receive and process deposit insurance claims from depositors of the closed Rural Bank of Bangar (La Union), Inc. at the PDIC Claims Counter, 4th Floor, SSS Bldg., 6782 Ayala Avenue corner V.A. Rufino Street, Makati City. Claims may also be filed through mail. The state deposit insurer has already concluded the claims settlement operations for RB Bangar held at the bank’s head office located at Central East, Bangar, La Union from January 23 to 25, 2013. As of January 31, 2013, PDIC has yet to receive deposit insurance claims for 79 accounts, or 26% of the total number of accounts of 305 that require filing of claims. Earlier, PDIC sent notices of payment amounting to P2.61 million involving 857 accounts with balances of P15,000 and below and where the filing of claims is waived by PDIC. During the onsite claims settlement operations at the bank’s premises, PDIC paid a total of P13.84 million for 293 claims involving 222 accounts. When filing deposit insurance claims, depositors are advised to personally present their duly accomplished Claim Forms and Claim Status Sheets, original and photocopy of the evidence of deposit, and original and photocopy of two (2) valid photo-bearing IDs with signature of the depositor. Depositors may also file their claims through mail and enclose the same set of document requirements. Depositors who are below 18 years old should submit either a photocopy of their Birth Certificate issued by the National Statistics Office (NSO) or a duly certified copy issued by the Local Civil Registrar as an additional requirement. Claimants who are not the signatories in the bank records are required to submit an original copy of a notarized Special Power of Attorney of the depositor or parent of a minor depositor. The procedures and requirements for filing deposit insurance claims are posted in the PDIC website, www.pdic.gov.ph. The Claim Form, Claim Status Sheet, and format of the Special Power of Attorney may also be downloaded from the PDIC website. In accordance with the provisions of the PDIC Charter, the last day for filing deposit insurance claims in the closed RB Bangar is on December 20, 2014. After the said date, PDIC, as Deposit Insurer, shall no longer accept any deposit insurance claim. For more information, depositors may contact the Public Assistance Department at telephone numbers (02) 841-4630 to 31, or e-mail at pad@pdic.gov.ph. * * * * * The Philippine Deposit Insurance Corporation (PDIC) was established on June 22, 1963 by Republic Act 3591 to provide depositor protection and help maintain stability in the financial system by providing permanent and continuing deposit insurance. Effective June 1, 2009, the maximum deposit insurance coverage is P500,000 per depositor. All deposit accounts by a depositor in a closed bank maintained in the same right and capacity shall be added together. A joint account shall be insured separately from any individually-owned deposit account. PDIC news/press releases and other information are available at the website, www.pdic.gov.ph. |
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