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Creditors of RB Mabitac (Laguna) have until June 10 to file claims -PDIC

THE Philippine Deposit Insurance Corporation (PDIC) urged creditors of the closed Rural Bank of Mabitac (Laguna), Inc. to file their claims against the bank’s assets on or before June 10, 2019. PDIC reiterated that claims filed after said date shall be disallowed. Creditors refer to any individual or entity with a valid claim against the assets of a closed bank and include depositors with uninsured deposits that exceed the maximum deposit insurance coverage (MDIC) ofPhP500,000.

PDIC announced that creditors of the closed bank may file their claims personally at the PDIC Public Assistance Center located at the 3rd Floor, SSS Bldg., 6782 Ayala Avenue corner V.A. Rufino St., Makati City, Monday to Friday, 8:00 AM to 5:00 PM, except holidays. Creditors may also file their claims through mail addressed to the PDIC Public Assistance Department, 6th Floor, SSS Bldg., 6782 Ayala Avenue corner V.A. Rufino St., Makati City.

Claims filed by mail must have a postmark dated not later than June 10, 2019. The prescribed Claim Form against the assets of the closed bank may be downloaded from the PDIC website, www.pdic.gov.ph. PDIC reminds creditors to transact only with authorized PDIC personnel.

In case claims are denied, creditors shall be notified officially by PDIC through mail. Creditors whose claims are denied or disallowed may file their claims with the liquidation court within sixty (60) days from receipt of final notice of denial of claim.

In addition, PDIC said that depositors with account balances of more than the MDIC of PhP500,000 who have already filed claims for the insured portion of their deposits as of June 10, 2019 are deemed to have filed their claims for the uninsured portion or the amount in excess of the MDIC.

PDIC, as Receiver of closed banks, requires personal data from creditors to be able to process their claims and protects these data in compliance with the Data Privacy Act of 2012.

Rural Bank of Mabitac was ordered closed by the Monetary Board (MB) of the Bangko Sentral ng Pilipinas on February 21, 2019 and PDIC, as the designated Receiver, was directed by the MB to proceed with the takeover and liquidation of the closed bank in accordance with Section 12(a) of Republic Act No. 3591, as amended. 

The bank’s Head Office is located at 17 J. Rizal St., Brgy. Sinagtala (Pob.), Mabitac, Laguna. It has two branches located in Candelaria and Infanta, Quezon; six extension offices in Laguna (Cabuyao, Calamba, Los Baños, Paete, Siniloan and Sta. Maria); five micro banking offices in Laguna (Cabuyao, Los Baños, Paete), Batangas (Tanauan) and Rizal (Tanay); and three other banking offices located in Nagcarlan, Sta. Cruz and Sta. Rosa, all in Laguna.

All requests and inquiriesrelating to the closed Rural Bank of Mabitac should be addressed to the PDIC Public Assistance Department through mail at the 6th Floor, SSS Bldg., 6782 Ayala Avenue corner V.A. Rufino St., Makati City, through e-mail at pad@pdic.gov.ph, or through telephone numbers (02) 841-4630.

Depositors and creditors outside Metro Manila may call the PDIC Toll Free Hotline at 1-800-1-888-PDIC (7342). Walk-in clients may also visit the PDIC Public Assistance Center at the 3rd Floor, SSS Bldg., 6782 Ayala Avenue corner V.A. Rufino St., Makati City, Monday to Friday, 8:00 AM to 5:00 PM, except holidays. Inquiries may also be sent as private message at Facebook through www.facebook.com/OfficialPDIC.

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