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Editorial
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Title: My Bank Was Just Siezed By The FDIC
Source: [None]
URL Source: [None]
Published: Mar 21, 2009
Author: me
Post Date: 2009-03-21 10:03:17 by tom007
Keywords: None
Views: 359
Comments: 30

Just got notice that my Bank, Colorado National Bank,(Actually TEAM BANK out of Kansas City) failed and its assets have been assumed by Great Southern out of Springfield Mo.

The post by Rotera informed me of this, tho it stated CNB was assumed by another bank.

I knew our bank was likely to fail.

I'll need to do a bank run in about an hour and get ten or twelve thousand dollars.

I called the bank and they said all was normal, and did I need a run?

I hate living in interesting times.

USAA says they are in fine shape, as did an officer of CNB a few months ago to me personally.

I pointed out there was nothing else she could say, and she silently agreed.

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Begin Trace Mode for Comment # 30.

#23. To: tom007 (#0)

For that amount of cash, or even a check, it is highly possible they will tell you that you will have to wait at least 5 days or so (business days).

If I were you, I would NOT accept a check....get cash!!

Reason: the receiving bank could put a HOLD on your check...for weeks. This happened to others after IndyMac failed....

You may want to check out these links to help guide you toward a safer bank prior to putting your money into another bank:

generated from FDIC data. There is the troubled list of course, and two lists of well capitalized banks with few bad assets for a safer place for your money. The nice bank list is broken up into two lists by state to reduce the file size of each list.

UNOFFICIAL Troubled Bank List [last updated 1/1/09]

Safer (AL to MS)

Safer (MT to WY)

In map form:

High Risk (Texas Ratio) Banks

* source

litus  posted on  2009-03-21   13:46:06 ET  Reply   Untrace   Trace   Private Reply  

Wells Fargo is buying out a small Texarkana bank called Century Bank. Century Bank employees have been advised that Wells Fargo will not honor Century Bank cashiers checks.

DeaconBenjamin  posted on  2009-03-21   14:14:11 ET  Reply   Untrace   Trace   Private Reply  

My experience is that if you do business with Well Fargo, you will eventually regret it.

tom007  posted on  2009-03-21   20:49:14 ET  Reply   Untrace   Trace   Private Reply  

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