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Peakoil.com :: View topic - Minnesota Bank Shutdown this afternoon
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Minnesota Bank Shutdown this afternoon

 
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Couve
Coal
Coal


Joined: May 30, 2008
Posts: 10

PostPosted: Fri May 30, 2008 7:13 pm    Post subject: Minnesota Bank Shutdown this afternoon Add User to Ignore List Reply with quote

Bank regulators shutter First Integrity bank: link
Anyone on this board bank with First Integrity? Whats the mood in Staples MN?
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vision-master
Fusion
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Joined: May 18, 2006
Posts: 3940
Location: Minneapolis, MN

PostPosted: Fri May 30, 2008 7:14 pm    Post subject: Re: Minnesota Bank Shutdown this afternoon Add User to Ignore List Reply with quote

http://www.peakoil.com/fortopic40679.html
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midnight-gamer
Heavy Crude
Heavy Crude


Joined: Sep 01, 2005
Posts: 259
Location: New Hampshire USA

PostPosted: Fri May 30, 2008 8:39 pm    Post subject: Re: Minnesota Bank Shutdown this afternoon Add User to Ignore List Reply with quote

There was some general speculation regarding bank closures here not too long ago. This is troubling, but expected given the state of things. The article you cited says depositors will still be able to access their accounts. That would seem to take some of the sting out this particular incident. I wonder how long it will be before the next bank goes under? Will there be enough FDIC coverage if there is a domino effect?
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