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Re: FDIC forces Wachovia to sell....
Quote:
Originally Posted by djwilbanks
Generally a new bank buys them out, and you keep your loans and your cash... its just with a new bank.
It happened here when Liberty Bank bought out MidSouth Bank, I kept my checking account and all the money, just got a new bank name on my checks.
It's essentially the same thing regardless of why the bank is bought out.
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It was a joke. Or at least I hope it was.
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