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PDIC to continue processing claims of Xavier-Tibod Bank, Inc. (A Microfinance Bank) depositors

MANILA, Dec. 22 (PNA) -- The Philippine Deposit Insurance Corp. (PDIC) announced that deposit insurance claims from depositors of the closed Xavier-Tibod Bank, Inc. (A Microfinance Bank) who have not filed their claims may be filed at the PDIC Public Assistance Center, 3rd Floor, SSS Bldg., 6782 Ayala Avenue corner V.A. Rufino Street, Makati City.

Claims for deposit insurance may be filed until December 2, 2018. Claims may also be filed by mail.

When filing deposit insurance claims at the PDIC Public Assistance Center, depositors are required to submit their original evidence of deposit and present two valid photo-bearing IDs with signature of the depositor directly to PDIC.

Depositors may also file their claims through mail and enclose their original evidence of deposit and photocopy of two valid photo-bearing IDs with signature, together with a duly accomplished Claim Form which can be downloaded from the PDIC website, www.pdic.gov.ph.

PDIC reminds depositors to deal only with PDIC authorized officers.

Depositors who are below 18 years old should submit either a photocopy of their Birth Certificate issued by the National Statistics Office (NSO) or a duly certified copy issued by the Local Civil Registrar as an additional requirement, with the Claim Form signed by the parent.

Claimants who are not the signatories in the bank records are required to submit an original copy of a notarized Special Power of Attorney. In the case of a minor depositor, the Special Power of Attorney must be executed by the parent. The format of the Special Power of Attorney may be downloaded from the PDIC website.

In addition, all depositors who have outstanding loans or payables to the bank have to coordinate with the duly authorized PDIC Loans officer prior to the settlement of their deposit insurance claim.

The procedures and requirements for filing deposit insurance claims are likewise posted in the PDIC website.

Xavier-Tibod Bank was ordered closed by the Monetary Board through Resolution No. 2133.A dated December 1, 2016. It is a two-unit rural bank with Head Office located on Pabayo St., Divisoria, Cagayan de Oro City (Capital), Misamis Oriental. Its other banking office (OBO) is located along National Highway, Brgy. Poblacion, Salay, Misamis Oriental.

For more information, depositors may contact the Public Assistance Department at telephone numbers (02) 841-4630 to 31, or e-mail PDIC at [email protected]. Depositors outside Metro Manila may call the PDIC Toll Free Hotline at 1-800-1-888-PDIC (7342). (PNA)

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