The Philippine Deposit Insurance Corporation (PDIC) will start receiving, processing and paying valid deposit insurance claims of depositors of the closed First Provincial Bank (A Rural Bank), Inc. (FPB) on June 1.

Claims of depositors who maintained accounts at the Head Office located along McArthur Highway corner Juan Luna St., Ligtasan, Tarlac City will be serviced at the bank premises from June 1 to 13, 2012. Claims of depositors of La Trinidad Branch will be processed at the Gladiola Convention Center in La Trinidad, Benguet during the same period. For the Paniqui branch, claims servicing will be from June 1 to June 11 at the branch premises located at M.H. del Pilar Street, Paniqui, Tarlac while claims of depositors of Balibago Branch will be serviced from June 1 to June 5 at the Clark Museum. These schedules are also posted at the bank premises and on the PDIC website, www.pdic.gov.ph.

Prior to the CSO, the PDIC announced that it will issue Priority Numbers starting on May 31, 2012 at the aforementioned designated claims payout venues. The Priority Number corresponds to a specific appointment date when PDIC representatives will service the claims of depositors. Claims of the depositors will be processed onsite, and if found valid and supported with complete requirements, will be paid onsite.

The PDIC advised depositors to secure their Priority Numbers early. In case the Priority Numbers issued to depositors are beyond the schedule of appointment dates, the depositors may still file their claims with the PDIC representatives during the CSO. However, these claims will be processed at the PDIC – Home Office in Makati City and notices will be sent through mail. Depositors who will not be able to file their claims during the CSO schedule may submit the documents personally at the PDIC, 4th Floor, SSS Bldg., Ayala Avenue corner V.A. Rufino Street, Makati City, Monday to Friday, 8:00 AM to 5:00 PM, or through mail beginning June 21, 2012.

PDIC reminded that depositors have until April 21, 2014 to file their claims. After April 21, 2014, the PDIC will no longer accept any claim for insured deposits.

PDIC also advised depositors with balances of P10,000 and below and who have not received their postal money order payment to file their deposit insurance claims.

When filing deposit insurance claims, depositors are advised to present the duly accomplished Claim Form and Claim Status Sheet; original and photocopy of evidence of deposit, such as a passbook and Certificate of Time Deposit; and, original and photocopy of two (2) valid IDs with photo and signature. Depositors who are below 18 years old are also required to submit a photocopy of their Birth Certificate issued by the National Statistics Office or duly certified copy from the Local Civil Registrar. If the claimant is not the signatory in the bank records, a notarized Special Power of Attorney (SPA) of the depositor or parent of minor is required. Copies of the Claim Form, Claims Status Sheet and SPA may be downloaded from the PDIC website.

For more information, depositors may contact the Public Assistance Department at telephone numbers (02) 841-4630 to 31, or e-mail at pad@pdic.gov.ph.

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 permanent and continuing deposit insurance. Effective June 1, 2009, the maximum deposit insurance coverage is P500,000 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.