TIBIAO, Antique – The Philippine Deposit Insurance Corp. (PDIC) said it had paid the depositors of the closed Rural Bank of Tibiao here.
The bank was ordered closed on March 5, 2020.
Payments made amounted to P16.9 million involving 831 claims, or 84 percent of the bank’s total insured deposit accounts at 984.
Due to the community quarantine, PDIC did not conduct onsite payout. It instead opened various convenient ways to receive claims from depositors. These included the filing of claims through e-mail, postal mail or courier service.
PDIC also coordinated with Land Bank of the Philippines for the claims over the counter payment of eligible depositors, and with the Philippine Postal Corp. for the postal money order payments for qualified depositors with balances of P100,000 and below./PN
