Was there a Bank Failure Today?
If there was, the FDIC would have taken over at 5 PM or so today.
They have a list on their website: http://www.fdic.gov/bank/individual/failed/banklist.html
And yes, it looks like they closed
The Columbian Bank and Trust Company, Topeka, KS
Did you have money in the bank? Are you covered by the FDIC?
Did you know there's a hierarchy to who get's paid first?
In accordance with Federal law, allowed claims will be paid, after administrative expenses, in the following order of priority:
Depositors General Unsecured Creditors Subordinated Debt Stockholders
Now depending on your point of view, a bank failure may be a good thing.
See: http://activerain.com/blogsview/652272/My-Bank-Just-Failed
Good Times!
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Mike I looked at the list and don't see any of mine on there. So do you recommend using a local bank or a national one ?