BF depositors’ claims to be paid

LAOAG CITY, August 4 — Representatives of the Philippine Deposit Insurance Corporation (PDIC) will be in this city to pay insurance claims of depositors of the shuttered Banco Filipino Savings and Mortgage Bank from August 4 to 18.

The PDIC said the scheduled payment dates would be the last opportunity for depositors based in the province to have their claims settled.

They also requested the Laoag city government to extend assistance to small depositors by providing free notarization of their affidavits.
In case they fail to show up during the scheduled dates, local depositors may still process their insurance claims from the PDIC Makati office starting August 29.

Pursuant to R.A. 3591 (PDIC Charter), as amended, the last day of filing claims for insured deposits is on March 18, 2013. The PDIC shall no longer accept any claim for insured deposits maintained with Banco Filipino after the date.

The bank closed down in March due to financial woes. (ANL/CCA-PIA 1 Ilocos Norte)