Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

Citigroup Warns Customers It May Refuse To Allow Withdrawals (your money is not your money)
Business Insider ^ | Sunday, February 21, 2010 | John Carney

Posted on 02/22/2010 6:24:54 AM PST by Tulsa Ramjet

The image of banks locking their doors to keep customers from making withdrawals during a bank run is what immediately came to mind when we heard that Citigroup was telling customers it has the right to prevent any withdrawals from checking accounts for seven days.

"Effective April 1, 2010, we reserve the right to require (7) days advance notice before permitting a withdrawal from all checking accounts.

(Excerpt) Read more at businessinsider.com ...


TOPICS: Business/Economy; News/Current Events; Politics/Elections
KEYWORDS: bank; banking; citigroup; fdic; stampede
Navigation: use the links below to view more comments.
first 1-5051-69 next last
hey,...if they want their policy pointed out,...lets point it out.
1 posted on 02/22/2010 6:24:54 AM PST by Tulsa Ramjet
[ Post Reply | Private Reply | View Replies]

To: Tulsa Ramjet

Bye Bye Citibank. There go ALL of your depositers.


2 posted on 02/22/2010 6:29:00 AM PST by Lazamataz (ETL = GNCB!)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Tulsa Ramjet

are they programming the ATM’s to issue “IOU’s”?


3 posted on 02/22/2010 6:29:02 AM PST by silverleaf (Bipartisan legislation: Only pass 50% of a bad plan - then later pass the other 50%)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Lazamataz

Citi is citing a federal regulation - that would apply to all banks


4 posted on 02/22/2010 6:29:46 AM PST by silverleaf (Bipartisan legislation: Only pass 50% of a bad plan - then later pass the other 50%)
[ Post Reply | Private Reply | To 2 | View Replies]

To: Tulsa Ramjet

Isn’t that what a checking account is for? After all, writing a check is making a withdrawal.


5 posted on 02/22/2010 6:30:20 AM PST by ROLF of the HILL COUNTRY (It's the spending, Stupid!)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Tulsa Ramjet
Sounds like a giant April Fool's joke to me. Like a "Google Bomb" or something. Doing a google for French Military Victories gives a page that says "no documents found..."
6 posted on 02/22/2010 6:31:25 AM PST by ExSoldier (Democracy is 2 wolves and a lamb voting on dinner. Liberty is a well armed lamb contesting the vote.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Tulsa Ramjet

Let’s see, now...

The whole eight years that Bush was in office, he had 53 banks go belly-up.

In one year and 1 month, Obama has had 158 banks fail under his leadership. That is one bank shy of tripling Bush’s 8 year total.

So, yes. I would be VERY concerned about a bank that wants a 7 day notice to close out my account...

Cheers


7 posted on 02/22/2010 6:32:38 AM PST by DoctorBulldog
[ Post Reply | Private Reply | To 1 | View Replies]

To: Tulsa Ramjet
Update: Citibank has now released the following statement by way of explanation: "When Citibank moved to unlimited FDIC coverage in 2009, we had to reclassify many checking accounts to allow for immediate withdrawals in order to ensure all customers qualified for the additional coverage. When we moved back to standard FDIC coverage with most major banks in 2010, Citibank decided to reclassify those accounts back to make them eligible again for promotional incentives. To do so, Federal Reserve Reg D requires these accounts, called NOW accounts, to reserve the right to require a 7-day notice of withdrawal. We recently communicated this technical requirement to our customers. However, we have never exercised this right and have no plans to do so in the future."

8 posted on 02/22/2010 6:32:49 AM PST by 1rudeboy
[ Post Reply | Private Reply | To 1 | View Replies]

To: Tulsa Ramjet

I heard Mr. Potter is giving 50 cents on the dollar for Citigroup accounts, what are we waiting for.


9 posted on 02/22/2010 6:32:51 AM PST by AU72
[ Post Reply | Private Reply | To 1 | View Replies]

Comment #10 Removed by Moderator

To: Tulsa Ramjet

SOB...wish I would of read this whole NON ISSUE before I sent it to everyone.


11 posted on 02/22/2010 6:34:36 AM PST by Fawn
[ Post Reply | Private Reply | To 1 | View Replies]

To: Lazamataz

What is the problem? 7 days sounds reasonable to liquidate securities and get the cash from the Feds to pay depositors.

Every wonder just how much cash a bank has on location anymore? Very little. VERY LITTLE.


12 posted on 02/22/2010 6:35:27 AM PST by HD1200
[ Post Reply | Private Reply | To 2 | View Replies]

To: ROLF of the HILL COUNTRY

That will work fine till other banks stop accepting checks written on the no withdrawl accounts.


13 posted on 02/22/2010 6:35:40 AM PST by cripplecreek (Remember the River Raisin!)
[ Post Reply | Private Reply | To 5 | View Replies]

To: 1rudeboy

Thanks for the update.

So, who put the FDIC back in charge of Citibank, now?


14 posted on 02/22/2010 6:36:12 AM PST by DoctorBulldog
[ Post Reply | Private Reply | To 8 | View Replies]

To: silverleaf

Update: Citibank has now released the following statement by way of explanation: “When Citibank moved to unlimited FDIC coverage in 2009, we had to reclassify many checking accounts to allow for immediate withdrawals in order to ensure all customers qualified for the additional coverage. When we moved back to standard FDIC coverage with most major banks in 2010, Citibank decided to reclassify those accounts back to make them eligible again for promotional incentives. To do so, Federal Reserve Reg D requires these accounts, called NOW accounts, to reserve the right to require a 7-day notice of withdrawal. We recently communicated this technical requirement to our customers. However, we have never exercised this right and have no plans to do so in the future.”


15 posted on 02/22/2010 6:36:13 AM PST by Lazamataz (ETL = GNCB!)
[ Post Reply | Private Reply | To 4 | View Replies]

To: Tulsa Ramjet

Store your wealth in paid off real estate that generates positive cash flow, or in gold and silver.


16 posted on 02/22/2010 6:37:24 AM PST by FightThePower! (Fight the powers that be!)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Lazamataz

Were those like money market checking accounts?
There are special rules for checking accounts that draw on investment-type accounts


17 posted on 02/22/2010 6:38:15 AM PST by silverleaf (Bipartisan legislation: Only pass 50% of a bad plan - then later pass the other 50%)
[ Post Reply | Private Reply | To 15 | View Replies]

To: HD1200
Every wonder just how much cash a bank has on location anymore? Very little. VERY LITTLE.

So just give me the guards' two Glocks, let me take it out in trade on that cute little teller, and we'll call it even.

18 posted on 02/22/2010 6:38:17 AM PST by Lazamataz (ETL = GNCB!)
[ Post Reply | Private Reply | To 12 | View Replies]

To: FightThePower!

I prefer blued steel, brass and lead.


19 posted on 02/22/2010 6:40:25 AM PST by tgusa (Gun control: deep breath, sight alignment, squeeze the trigger ....)
[ Post Reply | Private Reply | To 16 | View Replies]

To: Lazamataz; All

Wow.

So glad I have no accounts with this horrible bank.


20 posted on 02/22/2010 6:41:16 AM PST by rwfromkansas ("Carve your name on hearts, not marble." - C.H. Spurgeon)
[ Post Reply | Private Reply | To 2 | View Replies]

To: DoctorBulldog

I have no idea, I haven’t been following this story. I just found the headline a little on the alarmist side.


21 posted on 02/22/2010 6:41:17 AM PST by 1rudeboy
[ Post Reply | Private Reply | To 14 | View Replies]

To: ExSoldier
Sounds like a giant April Fool's joke to me. Like a "Google Bomb" or something.

It's not, it is printed on my Januaray statement.

22 posted on 02/22/2010 6:41:57 AM PST by Las Vegas Ron ("Because without America, there is no free world" - Canada Free Press - MSM where are you?)
[ Post Reply | Private Reply | To 6 | View Replies]

To: silverleaf

Nobody else has apparently had this problem.

It’s just Citi being citi.


23 posted on 02/22/2010 6:42:35 AM PST by rwfromkansas ("Carve your name on hearts, not marble." - C.H. Spurgeon)
[ Post Reply | Private Reply | To 4 | View Replies]

To: Las Vegas Ron

Januaray = January...more coffee please


24 posted on 02/22/2010 6:42:43 AM PST by Las Vegas Ron ("Because without America, there is no free world" - Canada Free Press - MSM where are you?)
[ Post Reply | Private Reply | To 22 | View Replies]

To: AU72

It looks like Vikram Pandit, CEO of Citi, won’t be going on his honeymoon afterall. Hopefully Uncle Billy wont screw up again when making the deposit.


25 posted on 02/22/2010 6:43:07 AM PST by Incorrigible (If I lead, follow me; If I pause, push me; If I retreat, kill me.)
[ Post Reply | Private Reply | To 9 | View Replies]

To: Lazamataz

I wonder if this is supposed to prevent something like what happened in Sept. 2008 ($500B taken out in 2 hours).


26 posted on 02/22/2010 6:44:57 AM PST by ding_dong_daddy_from_dumas (Pat Caddell: Democrats are drinking kool-aid in a political Jonestown)
[ Post Reply | Private Reply | To 2 | View Replies]

To: Lazamataz
Bye Bye Citibank. There go ALL of your depositers.

Actually, that kind of provision has existed for a long time.

I have had bank accounts that had a provision where they could limit withdrawals, at their option.

Check the fine print in your current bank terms. You might find a similar provision in it.
27 posted on 02/22/2010 6:45:19 AM PST by TomGuy
[ Post Reply | Private Reply | To 2 | View Replies]

To: Incorrigible

“Daddy, every time a bell rings another bank gets bailed out.”


28 posted on 02/22/2010 6:45:25 AM PST by AU72
[ Post Reply | Private Reply | To 25 | View Replies]

To: Lazamataz

That’s really funny, because Citibank has been allowed by the Federal Reserve to go on claiming as “assets” mortgages whose underlying values have plummeted and the repayment of which is utterly speculative. And yet, the bank borrowed billions of dollars in taxpayer money using their phony-baloney valuations as collateral. And then they lend it back out to customers at usurious interest rates (29.9%), while charging them exorbitant fees for ATMs and every other damned thing. Now, they’re changing their Demand Deposit Accounts into something more like NOW accounts, where you have to wait seven days for your own friggin’ money while the bank floats a few more basis points off you. Not to put too fine a point on it, but: screw them.


29 posted on 02/22/2010 6:46:03 AM PST by andy58-in-nh (America does not need to be organized: it needs to be liberated.)
[ Post Reply | Private Reply | To 2 | View Replies]

To: Las Vegas Ron
WOW! Well, I have a new discussion topic for my economics classes today. I teach in an inner city high school... and the bell just rang.
30 posted on 02/22/2010 6:46:06 AM PST by ExSoldier (Democracy is 2 wolves and a lamb voting on dinner. Liberty is a well armed lamb contesting the vote.)
[ Post Reply | Private Reply | To 22 | View Replies]

To: 1rudeboy

So it’s a rule but they have no plans to enforce it. I just love rules like that.


31 posted on 02/22/2010 6:46:32 AM PST by Personal Responsibility (Global Warming: Deader than disco)
[ Post Reply | Private Reply | To 8 | View Replies]

To: ding_dong_daddy_from_dumas
I wonder if this is supposed to prevent something like what happened in Sept. 2008 ($500B taken out in 2 hours).

Naw. For that you'd have to imprison Soros.

32 posted on 02/22/2010 6:46:47 AM PST by Lazamataz (ETL = GNCB!)
[ Post Reply | Private Reply | To 26 | View Replies]

To: ROLF of the HILL COUNTRY

Except that checks can, as longstanding norm, be delayed over a week (”waiting for the check to clear”).


33 posted on 02/22/2010 6:48:26 AM PST by ctdonath2 (Pelosi is practically President; the Obama is just her talk show host.)
[ Post Reply | Private Reply | To 5 | View Replies]

To: ExSoldier
I teach in an inner city high school... and the bell just rang.

I think the bell is ringing for us all....hold on tight!

34 posted on 02/22/2010 6:49:09 AM PST by Las Vegas Ron ("Because without America, there is no free world" - Canada Free Press - MSM where are you?)
[ Post Reply | Private Reply | To 30 | View Replies]

To: Tulsa Ramjet

On DEPOSITS (not even a withdrawl!) over $5K, my bank holds the d@mn deposit for 5 working days until it’s cleared through their system. So, that’s FIVE FULL DAYS I can’t touch MY money? Hello!?

I sure hope no one in my family is ever kidnapped and I need cash FAST.

‘Um...Mr. Kidnapper? My bank won’t release my million dollars for a few days. Could ya not cut anything off of my family member until my check clears? Thanks.’ *SNORT*


35 posted on 02/22/2010 6:54:23 AM PST by Diana in Wisconsin (Save the Earth. It's the only planet with chocolate.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: silverleaf

Don’t EVER confuse Laz with the facts. He don’t like that. ;)


36 posted on 02/22/2010 6:55:06 AM PST by Diana in Wisconsin (Save the Earth. It's the only planet with chocolate.)
[ Post Reply | Private Reply | To 4 | View Replies]

To: Tulsa Ramjet

could be this “Move your Money” thing the Libs started is getting some traction and is starting to bite them.

Truth is many state banking laws allow for a 7 day notice to withdraw large amounts. (a relative of mine in the business frequently uses this loophole when someone tries to present a large check which they suspect may be fraudelent)


37 posted on 02/22/2010 6:56:08 AM PST by Buckeye McFrog
[ Post Reply | Private Reply | To 1 | View Replies]

To: All

FDIC Failed Bank List through February 19, 2010:

http://www.fdic.gov/bank/individual/failed/banklist.html


38 posted on 02/22/2010 6:58:25 AM PST by Diana in Wisconsin (Save the Earth. It's the only planet with chocolate.)
[ Post Reply | Private Reply | To 21 | View Replies]

To: Personal Responsibility

More curious is the rule is levied by the government, not the bank. The gov’t told the bank “tell your customers you might not pay up for 7 days”.

My current guess is it’s to slow/limit hits on FDIC payouts should there be a run on banks.


39 posted on 02/22/2010 6:59:14 AM PST by ctdonath2 (Pelosi is practically President; the Obama is just her talk show host.)
[ Post Reply | Private Reply | To 31 | View Replies]

To: 1rudeboy

It sounds like in addition to incompetent lenders and portfolio managers, Citibank also has an incompetent communication and public relations department.


40 posted on 02/22/2010 7:04:59 AM PST by 11th Commandment (http://www.thirty-thousand.org/)
[ Post Reply | Private Reply | To 8 | View Replies]

To: Lazamataz

Lose the tagline, Laz, it’s a personal attack.


41 posted on 02/22/2010 7:10:59 AM PST by Admin Moderator
[ Post Reply | Private Reply | To 10 | View Replies]

To: 11th Commandment

...they hold your money for seven days,..but they got your tax money to keep their incompentency going:

The following is a list of TARP recipients as of January 31, 2009:

Bank of America Corporation
Bank of New York Mellon Corporation
Citigroup Inc.
The Goldman Sachs Group
JPMorgan Chase & Co.
Morgan Stanley
State Street Corporation
Wells Fargo & Company
Bank of Commerce Holdings
1st FS Corporation
UCBH Holdings, Inc.
Northern Trust Corporation
SunTrust Banks, Inc.
Broadway Financial Corporation
Washington Federal Inc.
BB&T Corp.
Provident Bancshares Corp.
Umpqua Holdings Corp.
Comerica Inc.
Regions Financial Corp.
Capital One Financial Corporation
First Horizon National Corporation
Huntington Bancshares
KeyCorp
Valley National Bancorp
Zions Bancorporation
Marshall & Ilsley
U.S. Bancorp
TCF Financial Corporation
First Niagara Financial Group
HF Financial Corp.
Centerstate Banks of Florida Inc.
City National Corporation
First Community Bankshares Inc.
Western Alliance Bancorporation
Webster Financial Corporation
Pacific Capital Bancorp
Heritage Commerce Corp.
Ameris Bancorp
Porter Bancorp Inc.
Banner Corporation
Cascade Financial Corporation
Columbia Banking System, Inc.
Heritage Financial Corporation
First PacTrust Bancorp, Inc.
Severn Bancorp, Inc.
Boston Private Financial Holdings, Inc.
Associated Banc-Corp
Trustmark Corporation
First Community Corporation
Taylor Capital Group
Nara Bancorp, Inc.
Midwest Banc Holdings, Inc.
MB Financial Inc.
First Midwest Bancorp, Inc.
United Community Banks, Inc.
Wesbanco Bank Inc.
Encore Bancshares Inc.
Manhattan Bancorp
Iberiabank Corporation
Eagle Bancorp, Inc.
Sandy Spring Bancorp, Inc.
Coastal Banking Company, Inc.
East West Bancorp
South Financial Group, Inc.
Great Southern Bancorp
Cathay General Bancorp
Southern Community Financial Corp.
CVB Financial Corp
First Defiance Financial Corp.
First Financial Holdings Inc.
Superior Bancorp Inc.
Southwest Bancorp, Inc.
Popular, Inc.
Blue Valley Ban Corp
Central Federal Corporation
Bank of Marin Bancorp
Bank of North Carolina
Central Bancorp, Inc.
Southern Missouri Bancorp, Inc.
State Bancorp, Inc.
TIB Financial Corp
Unity Bancorp, Inc.
Old Line Bancshares, Inc.
FPB Bancorp, Inc.
Sterling Financial Corporation
Oak Valley Bancorp
Old National Bancorp
Capital Bank Corporation
Pacific International Bancorp
SVB Financial Group
LNB Bancorp Inc.
Wilmington Trust Corporation
Susquehanna Bancshares, Inc
Signature Bank
HopFed Bancorp
Citizens Republic Bancorp, Inc.
Indiana Community Bancorp
Bank of the Ozarks, Inc.
Center Financial Corporation
NewBridge Bancorp
Sterling Bancshares, Inc.
The Bancorp, Inc.
TowneBank
Wilshire Bancorp, Inc.
Valley Financial Corporation
Independent Bank Corporation
Pinnacle Financial Partners, Inc.
First Litchfield Financial Corporation
National Penn Bancshares, Inc.
Northeast Bancorp
Citizens South Banking Corporation
Virginia Commerce Bancorp
Fidelity Bancorp, Inc.
LSB Corporation
Intermountain Community Bancorp
Community West Bancshares
Synovus Financial Corp.
Tennessee Commerce Bancorp, Inc.
Community Bankers Trust Corporation
BancTrust Financial Group, Inc.
Enterprise Financial Services Corp.
Mid Penn Bancorp, Inc.
Summit State Bank
VIST Financial Corp.
Wainwright Bank & Trust Company
Whitney Holding Corporation
The Connecticut Bank and Trust Company
CoBiz Financial Inc.
Santa Lucia Bancorp
Seacoast Banking Corporation of Florida
Horizon Bancorp
Fidelity Southern Corporation
Community Financial Corporation
Berkshire Hills Bancorp, Inc.
First California Financial Group, Inc
AmeriServ Financial, Inc
Security Federal Corporation
Wintrust Financial Corporation
Flushing Financial Corporation
Monarch Financial Holdings, Inc.
StellarOne Corporation
Union Bankshares Corporation
Tidelands Bancshares, Inc
Bancorp Rhode Island, Inc.
Hawthorn Bancshares, Inc.
The Elmira Savings Bank, FSB
Alliance Financial Corporation
Heartland Financial USA, Inc.
Citizens First Corporation
FFW Corporation
Plains Capital Corporation
Tri-County Financial Corporation
OneUnited Bank
Patriot Bancshares, Inc.
Pacific City Financial Corporation
Marquette National Corporation
Exchange Bank
Monadnock Bancorp, Inc.
Bridgeview Bancorp, Inc.
Fidelity Financial Corporation
Patapsco Bancorp, Inc.
NCAL Bancorp
FCB Bancorp, Inc.
First Financial Bancorp
Bridge Capital Holdings
International Bancshares Corporation
First Sound Bank
M&T Bank Corporation
Emclaire Financial Corp.
Park National Corporation
Green Bankshares, Inc.
Cecil Bancorp, Inc.
Financial Institutions, Inc.
Fulton Financial Corporation
United Bancorporation of Alabama, Inc.
MutualFirst Financial, Inc.
BCSB Bancorp, Inc.
HMN Financial, Inc.
First Community Bank Corporation of America
Sterling Bancorp
Intervest Bancshares Corporation
Peoples Bancorp of North Carolina, Inc.
Parkvale Financial Corporation
Timberland Bancorp, Inc.
1st Constitution Bancorp
Central Jersey Bancorp
Western Illinois Bancshares Inc.
Saigon National Bank
Capital Pacific Bancorp
Uwharrie Capital Corp
Mission Valley Bancorp
The Little Bank, Incorporated
Pacific Commerce Bank
Citizens Community Bank
Seacoast Commerce Bank
TCNB Financial Corp.
Leader Bancorp, Inc.
Nicolet Bankshares, Inc.
Magna Bank
Western Community Bancshares, Inc.
Community Investors Bancorp, Inc.
Capital Bancorp, Inc.
Cache Valley Banking Company
Citizens Bancorp
Tennessee Valley Financial Holdings, Inc.
Pacific Coast Bankers’ Bancshares
SunTrust Banks, Inc.
The PNC Financial Services Group Inc.
Fifth Third Bancorp
Hampton Roads Bankshares, Inc.
CIT Group Inc.
West Bancorporation, Inc.
First Banks, Inc.
FirstMerit Corporation
Farmers Capital Bank Corporation
Peapack-Gladstone Financial Corporation
Commerce National Bank
The First Bancorp, Inc.
Sun Bancorp, Inc.
Crescent Financial Corporation
American Express Company
Central Pacific Financial Corp.
Centrue Financial Corporation
Eastern Virginia Bankshares, Inc.
Colony Bankcorp, Inc.
Independent Bank Corp.
Cadence Financial Corporation
LCNB Corp.
Center Bancorp, Inc.
F.N.B. Corporation
C&F Financial Corporation
North Central Bancshares, Inc.
Carolina Bank Holdings, Inc.
First Bancorp
First Financial Service Corporation
Codorus Valley Bancorp, Inc.
MidSouth Bancorp, Inc.
First Security Group, Inc.
Shore Bancshares, Inc.
The Queensborough Company
American State Bancshares, Inc.
Security California Bancorp
Security Business Bancorp
Sound Banking Company
Mission Community Bancorp
Redwood Financial Inc.
Surrey Bancorp
Independence Bank
Valley Community Bank
Rising Sun Bancorp
Community Trust Financial Corporation
GrandSouth Bancorporation
Texas National Bancorporation
Congaree Bancshares, Inc.
New York Private Bank & Trust Corporation
Home Bancshares, Inc.
Washington Banking Company/ Whidbey Island Bank
New Hampshire Thrift Bancshares, Inc.
Bar Harbor Bankshares/Bar Harbor Bank & Trust
Somerset Hills Bancorp
SCBT Financial Corporation
S&T Bancorp
ECB Bancorp, Inc./East Carolina Bank
First BanCorp
Texas Capital Bancshares, Inc.
Yadkin Valley Financial Corporation
Carver Bancorp, Inc
Citizens & Northern Corporation
MainSource Financial Group, Inc.
MetroCorp Bancshares, Inc.
United Bancorp, Inc.
Old Second Bancorp, Inc.
Pulaski Financial Corp
OceanFirst Financial Corp.
Community 1st Bank
TCB Holding Company
Centra Financial Holdings, Inc./Centra Bank, Inc.
First Bankers Trustshares, Inc.
Pacific Coast National Bancorp
Community Bank of the Bay
Redwood Capital Bancorp
Syringa Bancorp
Idaho Bancorp
Puget Sound Bank
United Financial Banking Companies, Inc.
Dickinson Financial Corporation
The Baraboo Bancorporation
Bank of Commerce
State Bankshares, Inc.
BNCCORP, Inc.
First Manitowoc Bancorp, Inc.
Southern Bancorp, Inc.
Morrill Bancshares, Inc.
Treaty Oak Bancorp, Inc.
1st Source Corporation
Princeton National Bancorp, Inc.
AB&T Financial Corporation
First Citizens Banc Corp
WSFS Financial Corporation
Commonwealth Business Bank
Seaside National Bank & Trust
CalWest Bancorp
Fresno First Bank
First ULB Corp.
Alarion Financial Services, Inc.
Midland States Bancorp, Inc.
Moscow Bancshares, Inc.
Farmers Bank
California Oaks State Bank
Pierce County Bancorp
Calvert Financial Corporation
Liberty Bancshares, Inc.
Crosstown Holding Company
BankFirst Capital Corporation
Southern Illinois Bancorp, Inc.
FPB Financial Corp.
Stonebridge Financial Corp.
Peoples Bancorp Inc.
Anchor BanCorp
Parke Bancorp, Inc.
Central Virginia Bankshares, Inc.
Flagstar Bancorp, Inc.
Middleburg Financial Corporation
Peninsula Bank Holding Co.
PrivateBancorp, Inc.
Central Valley Community Bancorp
Plumas Bancorp
Stewardship Financial Corporation
Oak Ridge Financial Services, Inc.
First United Corporation
Community Partners Bancorp
Guaranty Federal Bancshares, Inc.
Annapolis Bancorp, Inc.
DNB Financial Corporation
Firstbank Corporation
Valley Commerce Bancorp
Greer Bancshares Incorporated
Ojai Community Bank
Adbanc, Inc
Beach Business Bank
Legacy Bancorp, Inc.
First Southern Bancorp, Inc.
Country Bank Shares, Inc.
Katahdin Bankshares Corp.
Rogers Bancshares, Inc.
UBT Bancshares, Inc.
Bankers’ Bank of the West Bancorp, Inc.
W.T.B. Financial Corporation
AMB Financial Corp.
Goldwater Bank, N.A.
Equity Bancshares, Inc.
WashingtonFirst Bank
Central Bancshares, Inc.
Hilltop Community Bancorp, Inc.
Northway Financial, Inc.
Monument Bank
Metro City Bank
F & M Bancshares, Inc.
First Resource Bank


42 posted on 02/22/2010 7:12:47 AM PST by Tulsa Ramjet ("If not now, when?" "Because it's judgment that defeats us.")
[ Post Reply | Private Reply | To 40 | View Replies]

To: DoctorBulldog
The whole eight years that Bush was in office, he had 53 banks go belly-up.

In one year and 1 month, Obama has had 158 banks fail under his leadership. That is one bank shy of tripling Bush’s 8 year total.

I think your point is that Bush's failed policies caused Obama, our savior, to have a very difficult first year. I hear Obama plans to have better years in the future by getting rid of those pesky capitalist rules once he implements his FIVE YEAR PLANS. The world will be a better place with a strong central government controlling every part of our lives. /sarc

43 posted on 02/22/2010 7:16:37 AM PST by politicianslie (Lying got Obama elected, they don't care what you think, shut up and pay your taxes)
[ Post Reply | Private Reply | To 7 | View Replies]

To: AU72
I heard Mr. Potter is giving 50 cents on the dollar for Citigroup accounts, what are we waiting for.

What's funny about that line is it is said right after George Bailey told someone that it would take 60 days to withdraw his money because that was the agreement when he deposited it.

From http://www.script-o-rama.com/movie_scripts/i/its-a-wonderful-life-script.html

1st Customer: I got two hundred and forty-two dollars in here and two hundred and forty-two dollars isn't going to break anybody.

George Bailey: Okay, Tom. All right. Here you are. You sign this. You'll get your money in sixty days.

1st Customer: Sixty days?

George Bailey:Well, now that's what you agreed to when you bought you shares.

2nd Customer: Tom...Tom... Did you get your money?

1st Customer: No.

2nd Customer: Well, I did. Old man Potter'll pay fifty cents on the dollar for every share you got.

44 posted on 02/22/2010 7:17:56 AM PST by KarlInOhio (New Olympic tagline Shut up, Bob Costas. Shut up! Shut up! Shut up! Shut up! Shut up! Shut up!)
[ Post Reply | Private Reply | To 9 | View Replies]

To: Incorrigible
"Hopefully Uncle Billy wont screw up again when making the deposit."

I can't take much more of this.

I'm heading for Nick's Place!

45 posted on 02/22/2010 7:22:11 AM PST by SnuffaBolshevik
[ Post Reply | Private Reply | To 25 | View Replies]

To: politicianslie
"I think your point is that Bush's failed policies caused Obama, our savior, to have a very difficult first year."

Of course, for all the blame he puts on Bush, Our Dark Overlord is certainly not above taking credit for Bush's successes---like Iraq...

Cheers

46 posted on 02/22/2010 7:23:37 AM PST by DoctorBulldog
[ Post Reply | Private Reply | To 43 | View Replies]

To: Admin Moderator

Done!

(Heck I forgot it was still there. LOL)


47 posted on 02/22/2010 8:20:03 AM PST by Lazamataz ([ Tagline #1 Removed by Moderator])
[ Post Reply | Private Reply | To 41 | View Replies]

To: ding_dong_daddy_from_dumas

There is a big difference between a Money Market Account (at your local bank branch) and a Money Market (Mutual) Fund (regulated by the SEC).


48 posted on 02/22/2010 8:30:04 AM PST by 10Ring
[ Post Reply | Private Reply | To 26 | View Replies]

To: Lazamataz

“Bye Bye Citibank. There go ALL of your depositers.”

Correct. A stupider and more wrong headed policy is difficult to imagine—Oh! Wait! I just remember Obama’s health care program!


49 posted on 02/22/2010 8:43:31 AM PST by Forgiven_Sinner (If you meet people with no brain, no heart and no courage, you are not in KS-You are in the Congress)
[ Post Reply | Private Reply | To 2 | View Replies]

To: 10Ring
There is a big difference between a Money Market Account (at your local bank branch) and a Money Market (Mutual) Fund (regulated by the SEC).

That's true, but that doesn't mean they didn't use 2008 as an excuse for what they want to do.

50 posted on 02/22/2010 1:18:14 PM PST by ding_dong_daddy_from_dumas (Pat Caddell: Democrats are drinking kool-aid in a political Jonestown)
[ Post Reply | Private Reply | To 48 | View Replies]


Navigation: use the links below to view more comments.
first 1-5051-69 next last

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson