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Steps to Take When Your Bank Merges

Friday, March 19, 2010 - 7:56 AM
Bank consolidations have always been common, but with this environment in which many banks are having financial troubles, it's even more common. This Money-Rates article has a list of some useful steps to take when your bank is merged into another bank.

One thing not mentioned is that there's a difference between a voluntary merger and a takeover after a bank fails. If your bank fails and is taken over by another bank, more changes can occur such as rate cuts on your existing CDs.
Ken TuminKen Tumin5,471 posts since
Nov 29, 2009
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