State insurer Philippine Deposit Insurance Corporation (PDIC) will start servicing depositors' claims for insured deposits in the closed Rural Bank of Malinao (Albay), Inc. today, November 29, 2006.

In a statement, PDIC advised depositors to proceed directly to the premises of the single-unit RB Malinao located in Malinao, Albay and present their evidence of deposits such as savings passbooks, certificates of time deposits, or bank statements; and two (2) valid identification documents with depositor's signature to PDIC representatives.

PDIC will service claims at the bank from November 29 to December 15, 2006, during office hours (8:00 a.m. to 5:00 p.m.), Monday to Friday except holidays. After the said date, depositors may file their claims personally at the Claims Processing Department, PDIC Extension Office located at the 6/F SSS Bldg., Ayala Avenue corner V.A. Rufino St. (formerly Herrera St.), Makati City or by mail to The Manager, Claims Processing Department, PDIC, 2228 Chino Roces Avenue, 1231 Makati City.

As of July 7, 2006, the estimated insured deposits of the bank amounted to P15.323 million comprising of 6,159 accounts. Depositors of RB Malinao are given 24 months from bank takeover to file their claims or until July 7, 2008 only. End