Rural Bank of Jordan Iloilo Goes Bankrupt

The Philippine Deposit Insurance Corporation (PDIC) announced that it will start paying deposit insurance claims of depositors of the closed Rural Bank of Jordan (Iloilo), Inc. on February 15 until February 17, 2012.

The claims settlement operations (CSO) will be held at the bank’s premises located in Wharf Area, Rizal, Jordan, Guimaras Province.

Depositors are requested to proceed to RB Jordan on their appointment dates which correspond to their Priority Numbers. The Priority Number is the reference number indicated in the Claim Form distributed during the Depositors’ Forum. The schedule of appointment dates is posted in the bank’s premises and at the PDIC website,

PDIC advised depositors to bring on their appointment dates their accomplished Claim Form, Claim Status Sheet (CSS), original evidence of deposit, and original and photocopy of two valid IDs bearing the signature of the depositors. Depositors below 18 years old are required to submit a photocopy of their Birth Certificates issued by the National Statistics Office (NSO) or duly certified copies issued by the Local Civil Registrar. Claim Forms and CSS may also be downloaded from the PDIC website,

In case the claimant is not the signatory in the bank records, an original copy of a notarized/authenticated Special Power Attorney (SPA) issued by the depositor or parent of a minor depositor is required.

Claims with complete documentation will be processed and paid onsite. Depositors who lack supporting documents will be requested to submit the necessary documents before they are paid.

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