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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.
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Ken TuminKen Tumin5,471 posts since
Nov 29, 2009
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