by Safe Guys | May 14, 2012 | FDIC, Financial
Please note that the FDIC is often appointed as receiver for failed banks. These events are structured as bank mergers and/or consolidations to avoid antitrust hearings. Credit Union Failures are handled in much the same manner, and deposits are insured by the... by CVSafeBox | Apr 9, 2012 | FDIC, Financial, Organization
I Want A Divorce! Are you ready to divorce your big bank? Too many fees, long lines, bad customer service and other assorted reasons…Has your bank pissed you off but you do not leave because it is too much of a pain to switch? Most Americans say they will leave their... by CVSafeBox | Mar 5, 2012 | FDIC, Insurance
Banks are allowed (and usually encouraged) to lend or invest most of the money deposited with them instead of safe-keeping the full amounts. If many of a bank’s borrowers fail to repay their loans when due, the bank’s creditors, including its depositors,... by CVSafeBox | Jan 17, 2012 | FDIC, Financial
Colorado’s banking sector is improving, but it will likely shrink in 2012, as consolidation continues and some banks fail, local bankers and industry analysts say. Bank analyst Larry Martin, CEO of Denver-based Bank Strategies LLC, said Colorado’s banking sector could... by CVSafeBox | Jul 25, 2011 | FDIC, Financial
The State of Colorado regulators closed the Greeley, Co based bank; Bank of Choice on Friday. This was the 5th bank in 2011 that has closed in Colorado. Like so many other banks in the United States, Bank of Choice was hurt by the economy and the subsequent decline in... by CVSafeBox | May 16, 2011 | FDIC, Financial
Lose your PNC Bank debit card on vacation, and it’ll likely cost you $32.50 for a replacement. If U.S. Bank gets more than one of your statements returned in the mail because of an incorrect address, you’ll be charged $5 — for each return. If you...