Depositors of closed Cavite bank urged to file insurance claims

By Kathleen A. Martin, The Philippine Star

Posted at Apr 24 2015 07:51 AM | Updated as of Apr 24 2015 03:51 PM

MANILA, Philippines - The Philippine Deposit Insurance Corp. reminded yesterday depositors of the closed community bank (Rural Bank of Alfonso Inc.) that they may still file insurance claims even after the conclusion of the claims settlement operations.

In a statement, the state deposit insurer said that it has yet to receive deposit insurance claims for 4,704 accounts amounting to P28.5 million.

“In accordance with the provisions of the PDIC Charter, the last day for filing deposit insurance claims in the said bank is on Feb. 26, 2017. After said date, PDIC would no longer accept any deposit insurance claim,” PDIC said.

PDIC said it has paid 1,581 accounts with P169.5 million in deposits during the onsite claim settlement operations last month, and mailed another P40.8 million in claims for 10.498 accounts.

Depositors may file deposit insurance claims personally at the PDIC office in Makati City. They may also send the requirements through mail, PDIC noted.

The PDIC said depositors should present an accomplished claim form, the original evidence of deposit, and two valid photo-bearing IDs.

Those below 18 years old need a photocopy of their National Statistics Office-issued birth certificate or a certified copy by the local civil registrar. Their claim forms should also be signed by the parents, the PDIC said.

Meanwhile, those who are not signatories to bank records need an original copy of a notarized Special Power of Attorney to file the claims.

The community bank is a three-unit firm with its head office located in Alfonso, Cavite, while its two branches are in Binañ, Laguna and Gen. Aguinaldo, Cavite. It was the first bank ordered closed this year.

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