The Philippine Deposit Insurance Corporation (PDIC), the Receiver of the closed Banco Carmona, Inc. (A Rural Bank), reminded borrowers of the bank to continue to pay their loans and transact only with authorized PDIC representatives.

In a statement, PDIC advised borrowers of Banco Carmona to pay their loans and other obligations directly at any Philippine National Bank (PNB) Branch under account name, PDIC FAO BURL BANCO CARMONA, INC. The Receiver cautioned borrowers that it has discontinued the engagement of the bank's collectors. Moreover, PDIC has not engaged any person to collect the loans of the bank. To ensure proper recording of payments made by borrowers, PDIC further advised borrowers to keep copies of the PNB Deposit/Payment Slips. The Receiver emphasized that only payments with validated PNB Deposit/Payment Slips shall be considered valid payments. Official receipts will be issued by PDIC upon validation of payments and will be sent through mail to the borrowers. For proper accounting of their payments, borrowers who do not receive their official receipts are advised to send a copy of their deposit slips by mail to the Deputy Receiver for loans Mr. Benefico M. Magday at the PDIC Office, 5th Floor, SSS Bldg., Ayala Avenue corner V.A. Rufino St., Makati City or send via e-mail to Ms. Ma. Flora C. Llana at mcllana@pdic.gov.ph or to Ms. Thelma Arias-Peña at tbarias@pdic.gov.ph.

The Monetary Board (MB) placed the Banco Carmona under the receivership of the PDIC by virtue of MB Resolution No. 1181.A dated August 1, 2014. As Receiver, PDIC took over Banco Carmona on August 1, 2014. Officers and employees of the closed bank have yet to turn over the bank's records to PDIC, thereby delaying payout operations for insured deposits.

Banco Carmona is a two-unit rural bank with Head Office located at J.M. Loyola St., Carmona, Cavite. Its lone branch is also located in Carmona, Cavite.

Borrowers of the bank may also communicate with the PDIC - Loans Management Department III at (02) 841-4970 or 841-4663. Queries may also be sent through email at pad@pdic.gov.ph.

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