CD Bank

Heirloom Cds

What's been happening is someone got a CD a time ago either for themself or someone else maybe for a birthday or other special event. The case I'm referring to is someone's grandma bought a kid a birthday CD in, say 1986. The said CD was $5000 for a 5 years. The CD has long ago matured and supposedly rolled a few times. FFWD to the present the beneficiary goes into the bank to get his or her cash. Much is to do about the faux parchment document with large seals and ribbons hanging from it bordered in gold which indicates a CD was instituted AD June 10, 1986. A bank teller summons another employee and together they do a quick search informing the person there is no record of a CD as such existing. The bank destroys records after 7 years. The document itself holds no cash value it merely shows that once upon a time a CD was purchased and since there is no record of it existing in the present day it must have been cashed. An in depth search waw mounted and after a time a cookie cutter letter was sent out from Minneapolis stating there is no record of a CD in their files.
The bank started out as Bank of Glacier County, then Marquette Bank, to its present First Interstate. There was no favorable recourse to these people. The bank and legal community felt there was no further action they could take that would result in a payout to the document holder.