The Philippine Deposit Insurance Corporation (PDIC), the Receiver of the closed Sarangani Rural Bank, 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 Sarangani Rural Bank to pay their loans and other obligations directly at any Philippine National Bank (PNB) Branch under account name,PDIC FAO BURL – SARANGANI RURAL BANK 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. The Receiver emphasized that only payments with validated PNB Deposit/Payment Slips shall be considered valid payments.

The Monetary Board (MB) placed the Sarangani Rural Bank under the receivership of the PDIC by virtue of MB Resolution No. 2022 dated December 5, 2013. As Receiver, PDIC took over the bank on December 6, 2013. Upon takeover, all bank records were gathered, verified and validated.

Sarangani Rural Bank is a single-unit bank located along P. Acharon Blvd., General Santos City, South Cotabato.

Borrowers of the bank may also communicate with the PDIC – Loans Management Department II at (02) 841-4761 or 841-4776. Queries may also be sent through email atpad@pdic.gov.ph .