Saturday, July 26, 2008

What a Week ~ My Bank CLOSED!

Can hardly believe it's been a week since my last post. So many 'things' going on that it's been hectic to say the least.

And to top the week off (or end it may be a more accurate term) Logged into one of my bank accounts very early this a.m. and SPLAT - this notice came up on the screen:

"On July 25, 2008, First National Bank of Nevada, Reno, Nevada was closed by the Office of the Comptroller of the Currency (OCC). Subsequently the Federal Deposit Insurance Corporation (FDIC) was named Receiver. No advance notice is given to the public when a financial institution is closed."

Completely caught me off guard. I was in the 1st National Bank of Nevada earlier in the week and didn't see / hear anything amiss. Wow. We only had a small amount in that bank - we were planning on closing the account anyway - and I can still get my money out so no worries there. Mutual of Omaha is buying the bank and all the funds are completely secure (FDIC). Since I don't have over $100,000 in that, or any other bank for that matter, all is well. Wish I did!!!

Makes one wonder not only about the economy as it currently stands, but where it will lead us in the future. Kinda scary thoughts fleetingly darted through my head when I first read the notice on the screen. But I have faith. Lots of faith. Now I need to get another cup of coffee.

~ Marge ~

7 comments:

tanyBUG said...

wow thats crazy, i always picture banks as being so stable. I would be shocked!

~Marge~ said...

Me too!! I've been scouring the websites of the TV stations and it seems that defaulted biz loans and foreclosures are the big factors in the closing. Sigh.

Cindy and Matt said...

You handled it well!!! What a shock!

LazyTcrochet said...

Holy cow...that would be scary!

saffron said...

That is a shocker! And I thought we were bad off when we just found out Orowheat will no longer be delivering bread to our town! We're too small and too far up the mountain. Scary, all the crap going on these days!

GrayEyedScorpio said...

Sounds like a taste of 1929.
(I hope I never know that flavor.)

BlossomingTree said...

OMgosh I would have been pinching myself to make sure I wasn't dreaming. WOW!