My bank went brankrupt!

[umairejaz]

I heard it would about 5 months ago. I researched it but nothing was confirmed.

I would assume the answer is obvious but are my deposits safe? What if they were over $250,000 (lol, I wish)?

www.wgnb.com

[j0nbunklah0m]

brankrupt :)

[umairejaz]

^hehe...

[NevrNufTorq]

yes you're deposits are secure but if you had one with over 250k then the overage would be forfeit...if their branches are closed and no longer operating you should receive a notice in the mail from the fdic but i'm not sure on the time table that would be:2cents:

only know b/c it happened to my parents in florida:(

[umairejaz]

^If the branches are open then you are still safe for over 250k? That is interesting.

You don't use First National Bank of Goeriga do you?

[NevrNufTorq]

^If the branches are open then you are still safe for over 250k? That is interesting.

You don't use First National Bank of Goeriga do you?

i used to use them but not anymore, over at united community now....the fdic rate is the same if open or closed. but they got sold to another bank so you dont have to go anywhere or worry about anything. they will beusing a new name as of monday:goodjob:

[5speed]

I am not sure of the details but I do know if it is over that amount, you should always have separate accounts in case the situation rises.


http://www.fdic.gov/deposit/Deposits/insured/index.html

[BanginJimmy]

if your bank was an FDIC member then your deposits are insured up to 250k and anything over that you just lose.