Friday night at 5:00 PM, my Community Bank was raided — by the Feds. They closed it down, fired everyone, and gave it to a giant conglomerate bank. My ATM card still works, my checks are still good, but my heart’s not in it. The value of the bank’s assets had slipped to the point at which the Feds decided it was under-capitalized. I really don’t care because I loved my bank. I frequented three branches and at all three they knew my name, they gave my dogs biscuits, they helped solve problems. My four business accounts and my personal account have all been there for many years. Their logo was turquoise and black (you know how fond of turquoise I am). I am sad. I feel so badly for all the people who lost their jobs without notice; I feel badly for the investors whose stake was simply wiped out by the takeover; I feel sorry for me because I loved my bank — and now it’s part of a mega corporation.
Tomorrow I will be moving everything to my Credit Union. Poop on the big banking conglomerate.
