11/14/2023 0 Comments Red dog casino bankingAnyone with a loan should continue to make payments, including escrow payments, as usual with the terms of loans not set to change. Direct deposits such as paychecks and social security benefits should continue as usual. ![]() The full balance of all deposit accounts has been transferred to Iowa Trust & Savings Bank, with the FDIC saying customers are still able to use cheques and ATM or Debit cards. READ MORE: McDonald's customer left fuming as he's charged a whopping $16 for a meal All deposit accounts and assets were assumed by Iowa Trust & Savings Bank, meaning customers should have uninterrupted access to their finances. Many customers will be wondering about the security of their money, but the FDIC has assured that there is no risk to any money held in accounts, or any loans outstanding. Citizens Bank is the fifth to fail this year, along with First Republic Bank, Signature Bank, Silicon Valley Bank, First-Citizens Bank and Heartland Tri-State Bank. ![]() Americans are facing a banking crisis as yet another regional bank has closed down, the fifth this year so far.Ĭitizens Bank was closed on November 3 by the Iowa Division of Banking due to financial issues, which led to the Federal Deposit Insurance Corporation (FDIC) taking control with no warning to the public.
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