Monday, April 19, 2010 - 7:13 PM
I have a CD maturing 5/21/10 with Riverside National in Florida, which was closed by the FDIC on Friday, 4/16. TD Bank bought the assets of Riverside. A CSR for TD Bank told me this afternoon that the rates on all Riverside CDs will be honored until the CD reaches maturity.
Options for distribution of the funds at maturity:
1. A wire transfer can only be requested in person at a branch.
2. The bank will mail you an official check if you submit a written request to the branch where the CD was opened. and the signature on your request matches your signature card. They can overnight the check to you for an additional charge, which the CSR guesstimated was about $8-10.
3. If you have a checking account, the money can be moved to the checking account and you can do a pull from another institution, or push it from TD Bank through a scheduled online bill pay.
Hope this helps.
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May 9, 2010
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