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View Full Version : Did YOUR bank get bailout funds?




kathy88
02-02-2009, 09:37 PM
http://money.cnn.com:80/news/specials/storysupplement/bankbailout/




1/16/2009 Citizens & Northern Corporation Wellsboro Pa. $26,440,000



I'm sick to my stomache over this.



How on earth do I find out what they are doing with it?

kathy88
02-02-2009, 09:51 PM
I just found this on their website

https://www.cnbankpa.com/shareholder_info/press_releases/jan09/CN_Insures_for_Its_Future.php

here's my favorite part:

"While there has been much misinformation spread by the media and by some in Congress about the CPP, the program will provide community banks, like C&N, with the capital to assure their ability to do what they do best: lend and invest in the people and communities they serve.

In short, C&N is open for business as usual and loans are available to all qualified borrowers in our market area."

decatren
02-02-2009, 10:51 PM
demet! my name is on on t he list..fuckers:mad: :D

UtahApocalypse
02-02-2009, 11:37 PM
Nope!

I don't see the "First bank and Trust of Shoebox under the Bed"

zach
02-02-2009, 11:47 PM
Mine is.. yipee.

LibertyEagle
02-03-2009, 12:17 AM
Capital One Financial Corp. McLean Va. $3,555,199,000

I called them about it. I was told they were using the money to buy up smaller banks. :mad: You know.... THE SOLVENT ONES.

I switched banks.

Nanerbeet
02-03-2009, 03:48 AM
I don't see any credit unions on that list. Gee, maybe credit unions could have taken the place of banks when the banks failed.

kathy88
02-03-2009, 04:57 AM
I called them about it. I was told they were using the money to buy up smaller banks. :mad: You know.... THE SOLVENT ONES.

I switched banks.



GOOD FOR YOU! I don't bank there. I use a credit union. I've told a lot of people though and they are switching.

nobody's_hero
02-03-2009, 05:38 AM
Well, I see that Suntrust is on that list. So much for "live solid, bank solid™". Looks like I'm going to close out my account with them (I'm taking out the last $23.80, boo-yah! :p)

I've been a member of a credit union with a savings account for a while now, and it looks like I'll have to open up a checking account with them as well.:cool: