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Any News About SFGI

Tuesday, February 2, 2010 - 10:47 AM
Any news about SFGI? I see they stopped acceptimg new accounts again. Im getting nervous even though Im covered by FDIC
1
AnonymousAnonymous2,282 posts since
May 9, 2010
Rep Points: 3,924
1. Tuesday, February 2, 2010 - 2:28 PM
To Anonymous #122: I think that getting nervous about SFGI Direct at this point is needless. I just checked the bank rating of Summit Community Bank WV (of which SFGI Direct is the online division) at bankrate.com and it is 3-stars as of 9/30/09. It was previously rated 2-stars, so the bank's overall condition has actually improved based on the latest data. It is likely that SFGI Direct has stopped accepting new accounts, again, because it is getting overwhelmed by more deposits than it can currently handle, again.
3
AnonymousAnonymous2,282 posts since
May 9, 2010
Rep Points: 3,924
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