PDIC now on last batch of Banco Filipino payout


Posted at Jul 22 2011 04:47 PM | Updated as of Jul 23 2011 12:47 AM

MANILA, Philippines - The Philippine Deposit Insurance Corp. (PDIC) has begun the payout of the final batch of claims by depositors of shuttered Banco Filipino Savings & Mortgage Bank.

In a statement, PDIC said it has "started the third batch of claims settlement operations (CSO)" covering the 18 remaining branches out of the bank's 62 nationwide.

The third batch of CSO will be conducted in bank premises and designated CSO sites in:

-Kamias (July 15 to July 27),
-Puerto Princesa (July 15 to August 5),
-Davao-San Pedro (July 18 to August 5),

-Iligan (July 20 to August 10),
-Zamboanga (July 20 to August 11),
-Imus (July 21 to August 2),

-Naga (July 21 to August 9),
-Dagupan (July 22 to August 10),
-Iloilo (July 22 to August 9),

-General Santos (July 25 to August 11),
-Paranaque (July 25 to August 10),
-San Pablo (July 25 to August 12),

-Tacloban (July 25 to August 11),
-Mandaue (July 27 to August 19),
-Guadalupe (August 4 to August 17),

-Laoag (August 4 to August 18),
-Novaliches (August 5 to August 19), and
-Urdaneta (August 5 to August 18).

The state deposit insurer reminded depositors to bring their accomplished claim status sheets and two valid IDs when getting their payments.

Depositors who are minors are also required to submit the original and clear photocopies of their birth certificates issued by the National Statistics Office or duly certified copies of birth certificates if issued by the local civil registrar.

"All valid claims with complete documentation will be paid on-site. Depositors who lack supporting document will be requested to submit the necessary documents before they could receive their payments," it added.

Banco Filipino was closed and put under receivership by monetary officials last March 17 after its branches could no longer service withdrawals.