August 29, 2018

The Philippine Deposit Insurance Corporation (PDIC) will service the deposit insurance claims of depositors of the closed Tiaong Rural Bank (Quezon), Inc. starting on September 6, 2018, 8:00 AM to 5:00 PM.

PDIC will service the claims of depositors who maintained their accounts at the Head Office and the bank’s Imus, Lipa City, San Pablo City, Sta. Rosa City and Tiaong branches on September 6, 7, 10 and 11, 2018 at the banking units’ respective premises: Head Office at 2497 Maharlika Highway, Brgy. San Antonio, Sto. Tomas, Batangas; Imus Branch at 155 Nuevo Ave., Poblacion 1A, City of Imus, Cavite; Lipa City Branch at St. Joseph Bldg., P. Torres St., Poblacion Barangay 5, Lipa City, Batangas; San Pablo City Branch at 97 A. Flores St., Barangay VII-C (Pob.), San Pablo City, Laguna; Sta. Rosa City Branch along National Highway, Brgy. Balibago, Sta. Rosa City, Laguna; and Tiaong Branch at Dona Tating St. cor. Don Robles St., Barangay 1 (Pob.), Tiaong, Quezon.

Meanwhile, PDIC will service the claims of depositors of Batangas City Branch on September 6, 7, and 10, 2018 at the bank premises located at 66A D. Silang St., Barangay 13 (Pob.), Batangas City.

Claims of depositors who maintained their accounts at the bank’s Calamba Branch will be serviced on September 6 and 7, 2018 at the premises of the branch located at Mallshore Bldg., Brgy. Paciano Rizal, Calamba City, Laguna.

Filing of claims is waived for depositors with valid deposit balances of PhP100,000 and below; who have no obligations with the bank, have not acted as co-makers of these obligations, are not spouses of the borrowers, have updated and complete mailing address in the bank records or through the PDIC-provided Mailing Address Update Form (MAUF), and have not maintained the account under the name of business entities. Postal Money Order checks (PMO) will be sent to said depositors at their respective mailing addresses.

All other depositors, regardless of the type of their account or account balance, have to file deposit insurance claims. All valid claims will be paid.

When filing claims for deposit insurance, depositors have to personally present their Savings Passbook, Certificate of Time Deposit or other evidence of deposit, and one (1) valid photo-bearing ID with their signature. It is recommended, however, that they bring at least two (2) valid IDs in case of discrepancy in signature.

Depositors who are below 18 years old should be represented by a parent. For these depositors, a photocopy of the child’s Birth Certificate issued by the Philippine Statistics Authority (PSA) or a duly certified copy issued by the Local Civil Registrar is required. The parent should sign the Claim Form and other requirements. However, if the claimant is not the signatory in the bank records, the original copy of a notarized or authenticated Special Power of Attorney (SPA) of depositor or parent of a minor depositor is required.

PDIC will not accept claims which are incomplete or lack the requisite documents. The deposit insurer may also require other documents in the course of processing of claims. PDIC reminds depositors to deal only with PDIC authorized officers.

For more information on the payout process and requirements, depositors may contact the Public Assistance Department at telephone numbers (02) 841-4630 to 31, or e-mail at pad@pdic.gov.ph. Depositors outside Metro Manila may call the PDIC Toll Free Hotline at 1-800-1-888-PDIC (7342). The procedures and requirements for filing of deposit insurance claims are also posted in the PDIC website, www.pdic.gov.ph. The Claim Form and format of the SPA may also be downloaded free of charge from the PDIC website.

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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 deposit insurance. Effective June 1, 2009, the maximum deposit insurance coverage is PhP500,000 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.