Depositors of the closed Banco Rural Legaspi, Inc. have only until January 15, 2007 to file their deposit insurance claims.

In an advisory, the Philippine Deposit Insurance Corporation announced that January 15, 2007 is the prescriptive date or last date for filing claims. After this date, PDIC will no longer accept any claim for insured deposits from Banco Rural Legaspi depositors.

Banco Rural Legaspi was ordered closed by the Monetary Board on January 13, 2005. The bank has five units, including its head office located in Legaspi City. Its branches are in Daet, Camarines Norte; Naga City and Pili in Camarines Sur; and Tabaco City, Albay. The bank's estimated insured deposits amount to P212. 38 million. To date, PDIC has paid 94% of this amount or P199.82 million in insurance claims, representing 2,854 accounts.

Depositors are advised to proceed directly to payout sites where PDIC representatives will service claims from January 4 to 15, during office hours (8 a.m. to 5 p.m.), Monday to Friday. Depositors of the closed bank are advised to proceed to the designated pay-out sites of their respective branches. For depositors of the Head Office, the pay-out site is in Legaspi City Hall, Legaspi City, Albay. Depositors of the Daet branch are advised to file their claims at the Daet Municipal Hall, Daet, Camarines Norte. Depositors of the Naga City and Pili branches are advised to proceed to Naga City Hall, Naga City, Camarines Sur while depositors of the Tobaco City branch should file their claims at the Pastoral Center, St. John the Baptist Church, Tabaco City, Albay.

Depositors should present their evidence of deposits such as savings passbook or certificates of time deposit; and two (2) valid identification cards (IDs) with the depositor's signature to PDIC representatives when filing their claims.