Business

PDIC advises borrowers of Rural Bank of Mabitac (Laguna), Inc. to pay their obligations

THE Philippine Deposit Insurance Corporation (PDIC), the Receiver of the closed Rural Bank of Mabitac (Laguna), Inc., reminded borrowers of the bank that they are under obligation to pay their loans notwithstanding the closure of the bank.

PDIC advised borrowers to transact only with authorized PDIC representatives, emphasizing that it has not engaged any person, agent or agency to collect the loan payments for and in behalf of the bank. PDIC advised borrowers to always secure copies of Official Receipts issued by the PDIC, as liquidator of the closed bank.

Rural Bank of Mabitac was ordered closed by virtue of Monetary Board Resolu-tion No. 270.A dated Februa-ry 21, 2019. It is a 17-unit rural bank with Head Office located at 17 J. Rizal St., Brgy. Sinagtala (Pob.), Mabitac, Laguna. It has two branches located in Candelaria and Infanta, Quezon; six exten-sion offices in Laguna (Cabu-yao, Calamba, Los Baños, Paete, Siniloan and Sta. Maria); five micro banking offices in Laguna (Cabuyao, Los Baños, Paete), Tanauan City in Batangas, and in Tanay, Rizal; and three other banking offices located in Nagcarlan, Sta. Cruz and Sta. Rosa, all in Laguna.

Deposits of borrowers who have past due loans with the bank are automatically applied to their loans, by ope-ration of law. If the loans are on current status, the borrowers may opt to apply their deposits against their loans, to avoid paying interest on their loans.

Borrowers of Rural Bank of Mabitac may pay their loans and other obligations through any of the following modes:

  1. by paying directly at any Philippine National Bank (PNB) branch. Payment should be for the account name, PDIC BURL FAO Rural Bank of Mabitac (Laguna), Inc. Borrowers are advised to indicate their assigned Account Reference Numbers on the PNB payment slips and keep copies of the same to ensure proper recording of their payments;
  2. by paying through postal money order (PMO) or check payable to PDIC-BURL – Rural Bank of Mabitac (Laguna), Inc. Payment should be directly sent via mail to the PDIC Loans Management Department I, 5th Floor, SSS Bldg., Ayala Avenue corner V.A. Rufino St., Makati City; or
  3. by paying directly at the PDIC Public Assistance Center located at the 3rd Floor, SSS Bldg., Ayala Avenue corner V.A. Rufino St., Makati City.
    PDIC, as Receiver, will issue Official Receipts for all payments received upon verification and shall send the Official Receipt to the borrowers through mail.

Borrowers who do not receive their Official Receipts are advised to send by mail/e-mail/fax a copy of their PNB deposit/payment slips to Ms. Mary Ann C. Crisostomo, Deputy Receiver for loans, 5th Floor, SSS Bldg., Ayala Avenue corner V.A. Rufino St., Makati City or via e-mail to mccrisostomo@pdic.gov. ph and to Ms. Thelma A. Peña at tbarias@pdic.gov.ph.|#BALIKAS_News