Integrity Bank; 10th U.S. Failure This Year

Choo Choo...... once one falls it hard to stop...

Are we going to get hit when we are down????????

 

Separating the wheat from the chaff that's all.

 

Let's hope it stops after that separation.........

 

there's something you should worry about as a depositor. so the FDIC will insure your account up to 100k (everyone knows this i think). now most people don't have 100k in the bank but in the rare event that you do for a 401k or IRA, you're left hanging. I read about a month ago that one of the problems with banks that are going under is that when they get bailout money from the government, they first pay back their own losses - large depositors come last.

moral of the story is to diversify your funds - different accounts, different banks. Hopefully any customer of a small bank would've realized this after Indie-mac failed in CA earlier this summer...