We were notified today by mail from FDIC that Bank of Choice is now a Failed Institution. Bank Midwest, N.A. now holds our money. If you have accounts there, look for your mail. There are specific actions to take to claim your deposits.
Not familiar with Bank of Choice. Was there one up here? Sorry I am out of the country a lot so I don't always keep up with banks. And it makes me wonder if it can happen to Bank of Choice, what's the chance of it happening to other banks up here where I do have an account?
bumper sticker - honk if you will pay my mortgage
"The problem with Socialism is that eventually you run out of other people's money." attributed to Margaret Thatcher
"A wise and frugal government, which shall leave men free to regulate their own pursuits of industry and improvement, and shall not take from the mouth of labor the bread it has earned - this is the sum of good government." Thomas Jefferson
I looked at them a year or so ago when they offered good interest rates. Their financial rating was not good then, so I passed. If you go to the bottom of the Denver post home page there is a link to a financial rating for all Colorado banks. Worth looking at before opening a new account.
They were a great bank for us. We have banked with them for years. They offered checking without fees, paid good interest on checking account and nice folks worked there. Nice community bank. There are lots of small banks failing.
thanks for the link. checked my bank out. it would be terrible to be out of the country for awhile and come home to find it had closed.
was it difficult to get your money transferred to another bank wily?
bumper sticker - honk if you will pay my mortgage
"The problem with Socialism is that eventually you run out of other people's money." attributed to Margaret Thatcher
"A wise and frugal government, which shall leave men free to regulate their own pursuits of industry and improvement, and shall not take from the mouth of labor the bread it has earned - this is the sum of good government." Thomas Jefferson
"The problem with Socialism is that eventually you run out of other people's money." attributed to Margaret Thatcher
"A wise and frugal government, which shall leave men free to regulate their own pursuits of industry and improvement, and shall not take from the mouth of labor the bread it has earned - this is the sum of good government." Thomas Jefferson