PDIC starts paying rural bank depositors Oct. 9

The Philippine Deposit Insurance Corp. (PDIC) will start paying claims of depositors of closed Rural Bank of Sto. Tomas on Oct. 9, the state-run firm said in a statement.

The state deposit insurer said servicing of claims for accounts maintained at the bank’s head office would be conducted at the bank’s premises along R. Magsaysay Avenue, Sto. Tomas town, Davao del Norte province, until Oct. 14.

Meanwhile, claims of depositors of the bank’s Braulio Dujali branch will be serviced at its premises located in Poblacion Dujali, Braulio E. Dujali town, Davao del Norte province, until Oct. 11.

Claims of depositors of the Asuncion branch will be serviced at its premises at E. Aguinaldo corner

A. Mabini St., Poblacion, Asuncion town, Davao del Norte province,

also until Oct. 11.

“Depositors whose accounts have balances of more than P15,000 and who have outstanding obligations with Rural Bank of Sto. Tomas regardless of type of account are required to file their deposit insurance claims,” the PDIC said.