PDIC calls on borrowers of closed Lemery bank to pay dues

THE PHILIPPINE Deposit Insurance Corp. (PDIC) called on borrowers of the closed Rural Bank of Lemery, Inc. to settle their loans. “(T)hey are under obligation to pay their loans notwithstanding the closure of the bank,” PDIC said in a statement on Tuesday. Payments can be made directly to the PDIC office in Makati City, through postal money order or check, or via any Philippine National Bank branch. The Rural Bank of Lemery, which has only one office located in Lemery, Batangas, was ordered closed by the Monetary Board last Oct. 31. PDIC serves as receiver and liquidator of the closed bank.