Comments on: Forget Stress Tests: Consider Local Banking

By: Will Your Local Bank Be Getting TARP Money? : Yielding Wealth - Personal Finance Tips - Money Management Advice

Wed, 13 May 2009 19:13:15 +0000

[...] limits on compensation are spurring many institutions to paying TARP funds back faster. Besides, local and regional banks and credit unions are in pretty good shape, compared to the big guys. Many believe it’s because most of the more local financial [...]

By: Miranda Marquit

Miranda Marquit — Mon, 04 May 2009 19:10:24 +0000

Same here. It’s all about going with a local institution that didn’t get into all that “creative” stuff. Many local banks and credit unions are in a much better place because they’ve been following tried and true “boring” banking for years.

By: sicheres onlinebanking

sicheres onlinebanking — Mon, 04 May 2009 14:56:44 +0000

I think i like to bank as usual, but it’s better to know all.

By: Carnival of Personal Finance: Birthdays Edition | Weakonomi¢s

Carnival of Personal Finance: Birthdays Edition | Weakonomi¢s — Mon, 04 May 2009 11:21:31 +0000

[...] Miranda from Yielding Wealth presents Forget Stress Tests: Consider Local Banking. [...]

By: What Happens When a Big Bank Fails? : Yielding Wealth - Personal Finance Tips - Money Management Advice

Sat, 02 May 2009 14:14:52 +0000

[...] a Comment // Earlier this week, I wrote about bank stress tests (and how useless they are for practical purposes). I got an interesting question in a comment from [...]

By: Ryan @ SpendOnLife

Ryan @ SpendOnLife — Fri, 01 May 2009 21:06:14 +0000

Many of the local and regional banks here in Texas are doing quite well in this economy as they didn’t participate in sub prime mortgages to begin with.

By: elevate your fico

elevate your fico — Thu, 30 Apr 2009 15:37:19 +0000

With FDIC coverage at $250,000, there is not a whole lot to worry about in terms of losing your money; however, if you have money at a bank that is taken into receivership by Uncle Sam, don’t think you would get a check in the mail in a week. It may take weeks, if not months to recover your money.

By: Forget Stress Tests: Consider Local Banking : Yielding Wealth … | Money Blog : 10 Dollars : Money Articles.

Wed, 29 Apr 2009 21:53:38 +0000

[...] The rest is here: Forget Stress Tests: Consider Local Banking : Yielding Wealth … [...]

By: Mary Jo

Mary Jo — Wed, 29 Apr 2009 18:42:19 +0000

I’ve banked with Bank of America for almost 20 years now, but am worried that I should be thinking about changing.

I only have basic accounts there (no investment accounts), and am not out looking for credit. Fortunately my only debt is a fixed rate mortgage, with about 10 years left. I’m thinking about retirement being around the corner, though, and wonder if I’m being naive about all this not affecting me.

How would Citi of BA going under affect people like me?

By: ObliviousInvestor

ObliviousInvestor — Wed, 29 Apr 2009 17:49:27 +0000

“While it would be awesome if Citi went down and somehow in the process my student loan debt were wiped out”

lol. Right there with you on that one.