PRBank clients process claims

By Kit Bagaipo
Posted: The Bohol Chronicle

Depositors of the closed Pilipino Rural Bank (PRBank) Tagbilaran City branch with deposit account balance of P100,000 and below are the first ones to get paid.

Representatives from the Philippine Deposit Insurance Corporation (PDIC) began processing claims of the rural bank’s clients of with 40 regular savings depositors serviced daily starting last Wednesday.

The initial claims servicing operations of PDIC here will run until March 6 which targets up to 600 depositors out of the 14,670 clients of the bank in the province.

PRBank declared a bank holiday last December 12, 2008 after the collapse of its affiliate banks under the Legacy Group.

PDIC said they initially distributed numbered claim forms last Wednesday at the closed bank’s branch office at the Asian Lending Building along CPG North Avenue, this city.

The actual claims servicing will be done in the order based on the numbers printed in the claim forms to ensure an orderly payout processing.

In order to get a claim form, depositors must present their original regular savings passbook to the PDIC representatives at the rural bank’s premises. This will be done on a first come, first served basis.

After filling out the claim form, the bank client will verify the corresponding “appointment date” as indicated by the number in the form that is when the depositor will go back to the bank and submit the claim form.

The PDIC is prioritizing claims of depositors with regular savings accounts of P100,000 and below in keeping with its mandate to protect small, unsophisticated depositors.

According to PDIC representatives, the second batch of claims processing will start next month for regular savings accounts with balances of P100,000 and above, special savings accounts and current accounts.