Turnover ceremony. Philippine Deposit Insurance Corporation President Cristina Que Orbeta (2nd from left) and Vice Mayor Raul Gade (5th from right) led the turnover ceremony of houses to the PDIC-GK Village beneficiaries on November 28, 2015 in Sitio Malmangan, Lawaan, Eastern Samar. The PDIC-GK Village is part of PDIC's Corporate Social Responsibility (CSR) which advocates the protection of the environment and balanced development of communities. Also in photo are PDIC Vice President for Corporate Affairs Jose G. Villaret, Jr., Councilor Elmo Abayan, GK Regional Coordinator Kevin Caballero, other local government officials and PDIC-GK Village beneficiaries. The PDIC-GK Village provides disaster-resilient shelter homes for survivor-families whose houses were destroyed during the onslaught of supertyphoon Yolanda.

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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.