Please tell me. Should I close my CPB checking account and bank elsewhere? The only account I have with CPB is an interest bearing checking account with a few thousand dollars. I've had it for 30 years. It's very active; I pay all my bills with this account, and I have automatic utility deductions and automatic payroll deposit. Needless to say, it will be a pain to close this and undo and redo everything with another bank... but of course, I'd rather go through this than lose everything.
A friend told me not to bother. She said if they do go under, their accounts will be taken over by another solvent bank. I told her, I am also concerned about a screw up in the transition from one bank to another. She felt there was potential for screw up if I closed and opened, too, and that I should just leave it as is.
What would you do? Thank you!
http://www.starbulletin.com/business...huge_loss.html
http://pacific.bizjournals.com/pacif...7/daily45.html
A friend told me not to bother. She said if they do go under, their accounts will be taken over by another solvent bank. I told her, I am also concerned about a screw up in the transition from one bank to another. She felt there was potential for screw up if I closed and opened, too, and that I should just leave it as is.
What would you do? Thank you!
http://www.starbulletin.com/business...huge_loss.html
http://pacific.bizjournals.com/pacif...7/daily45.html
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