LYC: My little local bank was 'siezed' by the Feds on Friday...
Posted by
OAE (aka KiwiPrincess)
Jan 11 '10, 10:11
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...and assets sold to a different more-or-less (bigger) local bank.
With FDIC in place, doesn't appear that anything in my accounts s/b amiss, except -- pumped-up CD rates (sign of a failing bank? some say) -- will revert to the CD rate offered by the (bigger) assuming bank: maturity dates will not change.
Wonder if their safety deposit box rates will change...
Funny to walk by there yesterday and see all the sturdy, pre-fabbed canvas signs bolted into place over the failed bank's exterior signage/logos.
Somebody knew something long enough ago to order these, eh?
Ah, so it goes.
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