NEWS/PRESS RELEASE
PR-079-19
Date of Release: June 4, 2019
FOR IMMEDIATE RELEASE

The Philippine Deposit Insurance Corporation (PDIC) is set to conduct a Depositors–Borrowers Forum (DBF) for the closed East Coast Rural Bank of Hagonoy, Inc. on June 13, 2019 at 9:00 A.M. at the Municipal Covered Court in Brgy. Sto. Niño, Hagonoy, Bulacan.

The requirements and procedures for filing deposit insurance claims and settlement of loans will be explained during the forum.

East Coast Rural Bank of Hagonoy, Inc. was ordered closed by the Monetary Board (MB) of the Bangko Sentral ng Pilipinas (BSP) on May 30, 2019. PDIC took over the bank on May 31, 2019.

For further information, depositors and borrowers may call the PDIC Public Assistance Department at (02) 841-4630. Those outside Metro Manila may call the PDIC toll-free hotline at 1-800-1-888- PDIC or 1-800-1-888-7342. Inquiries may also be sent via e-mail to pad@pdic.gov.ph or by private message to PDIC’s Facebook page, @OfficialPDIC.

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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.

Corporate Communications Dept.
PHILIPPINE DEPOSIT INSURANCE CORPORATION
Tel: (02) 841-4637 / Fax (02) 841-4833
Trunkline: (02) 841-4000
Website: www.pdic.gov.ph.
Email: ccd@pdic.gov.ph
Facebook: www.facebook.com/OfficialPDIC
Twitter: www.twitter.com/OfficialPDIC