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67% Of Deposites

Discussion in 'Arkansas' started by EDWARD BERRY, Jul 22, 2010.

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  1. EDWARD BERRY

    EDWARD BERRY Senior Member

    0
    Jan 15, 2002
    Professional Status:
    Certified General Appraiser
    State:
    Arkansas
    657 Depositors In A Nw Ark Failed Bank, Were Notified That Those Who Had Over $100,00 In An Account Would Get About 67%.

    Why Would Your Banker, Knowing That They Were Going Broke, Not Ask You To Come In, Do A Little Paper Work( Put All Over $100,000) In Other Accounts So As Not To Lose.

    Of Course If You Are A Wall Street Bank The Taxpayers Will Take Care Of You.

    Nothing For Poor Arkansas Depositors.
     
  2. Gregory Young

    Gregory Young Sophomore Member

    0
    Sep 2, 2009
    Professional Status:
    Certified General Appraiser
    State:
    Arkansas
    Oh Ed, we're not victims. Surely someone with > 100K to put in a bank would know about the FDIC insurance limit. By the by...not sure why anyone with that level of free cash would even use an amerikan bank anymore hehe.
     
  3. Mountain Man

    Mountain Man Elite Member

    15
    Jan 15, 2002
    Professional Status:
    Certified General Appraiser
    State:
    Georgia
    That is why our deposits are spread out over several community banks. And I would never use a mega bank because of the way they treated me in the past when doing residential appraisals.
     
  4. EDWARD BERRY

    EDWARD BERRY Senior Member

    0
    Jan 15, 2002
    Professional Status:
    Certified General Appraiser
    State:
    Arkansas
    Well, Today The Fdic Said It Was Only 297 Accounts Losing Money. To The Government's Credit, They Have Now Raised The Insured Limit To $250,000. And It Was Retro Active To 2008. But Still, 29 Accounts Had Over $250,000.

    On Certain Days, Many Businesses Hit The $100,000 Amount. Next Day It Might Be $10,000. Its After 5:pm On Friday That Counts.
     
  5. Terrel L. Shields

    Terrel L. Shields Elite Member
    Gold Supporting Member

    248
    May 2, 2002
    Professional Status:
    Certified General Appraiser
    State:
    Arkansas
    Read the big article on ANB and Dykema today in the paper? Hmmm...yes, them wasn't smart to be investing in Jackson Hole and Utah ski resorts
     
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