Rural bank borrowers told to pay obligations-A A +A
Friday, October 4, 2013
THE Philippine Deposit Insurance Corp. (PDIC), the receiver of the closed Rural Bank of Sto. Tomas (Davao del Norte), reminded borrowers of the bank to continue to pay their loans and transact only with authorized PDIC representatives.
In a statement, PDIC advised borrowers of the rural bank to pay their loans and other obligations directly at any Philippine National Bank (PNB) branch under account name, PDIC FAO BURL-Rural Bank of Sto. Tomas, with Reference Number 373-0949-00013.
The receiver cautioned borrowers that it has discontinued the engagement of the bank's collectors. PDIC has not engaged any person to collect the loans of the bank. To ensure proper recording of payments made by borrowers, it further advised borrowers to keep copies of the PNB Deposit/Payment Slips.
PDIC emphasized that only payments with validated PNB Deposit/Payment Slips shall be considered valid payments.
The Monetary Board (MB) placed the Rural Bank of Sto. Tomas under the receivership of the PDIC by virtue of MB Resolution No. 1469 dated September 13, 2013. As receiver, PDIC took over the bank last September 16. Upon takeover, all bank records are gathered, verified and validated.
Rural Bank of Sto. Tomas is a three-unit bank with head office located on R. Magsaysay Ave., Sto. Tomas, Davao del Norte. Its two branches are in Asuncion and Braulio Dujali, both in Davao del Norte.
Published in the Sun.Star Davao newspaper on October 04, 2013.