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PDIC to continue processing claims of Rural Bank of Luna (Apayao), Inc. depositors


The Philippine Deposit Insurance Corporation (PDIC) announced that depositors of the closed Rural Bank of Luna (Apayao), Inc. who have not filed their claims for deposit insurance may do so at the PDIC Public Assistance Center, 3rd Floor, SSS Bldg., 6782 Ayala Avenue corner V.A. Rufino Street, Makati City until August 17, 2020. Claims may also be filed by mail.

When filing deposit insurance claims at the PDIC Public Assistance Center, depositors are required to submit directly to PDIC their original evidence of deposit and present one (1) valid photo-bearing ID with signature of the depositor. It is recommended, however, to bring at least two (2) valid IDs in case of discrepancies in signature. Depositors may also file their claims through mail and enclose their original evidence of deposit and photocopy of one (1) valid photo-bearing ID with signature together with a duly accomplished and notarized Claim Form which can be downloaded from the PDIC website, www.pdic.gov.ph. PDIC reminds depositors to deal only with PDIC authorized officers.

Depositors who are below 18 years old should submit either a photocopy of their Birth Certificate issued by the Philippine Statistics Authority (PSA) or a duly certified copy issued by the Local Civil Registrar as an additional requirement, with the Claim Form signed by the parent. Claimants who are not the signatories in the bank records are required to submit an original copy of a notarized Special Power of Attorney.  In the case of a minor depositor, the Special Power of Attorney must be executed by the parent. The format of the Special Power of Attorney may be downloaded from the PDIC website.

In addition, all depositors who have outstanding loans or payables to the bank have to coordinate with the duly authorized PDIC Loans Officer prior to the settlement of their deposit insurance claim.

The procedures and requirements for filing deposit insurance claims are likewise posted in the PDIC website.

PDIC, as deposit insurer, requires personal data from depositors to be able to process their claims and protects these data in compliance with the Data Privacy Act of 2012.

Rural Bank of Luna (Apayao) was ordered closed by the Monetary Board through Resolution No. 1332.A dated August 16, 2018. It is a five-unit rural bank with Head Office located in San Isidro Sur, Luna, Apayao. Its four branches are Abulug, Alcala, Allacapan and Buguey, all in Cagayan, Cagayan Valley.

For more information, depositors may contact the Public Assistance Department at telephone numbers (02) 841-4630 to 31, or e-mail PDIC at pad@pdic.gov.ph. Depositors outside Metro Manila may call the PDIC Toll Free Hotline at 1-800-1-888-7342 (PDIC). Inquiries may also be sent to the official PDIC Facebook account at www.facebook.com/OfficialPDIC.

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