An “outside the box” look at banking through the eyes of an
experienced Banker, Bank Examiner, and Entrepreneur
Bankeroverboard.com is a look behind the scenes of the banking industry
with incites on how to get the most out of your banking relationships
while minimizing risk. Please scroll down to learn more.
Did you know Banks fail every year?
Every year Banks fail or get bought out and most go unnoticed unless you live in the community that’s affected. Usually only big Bank failures get noticed in the national print or broadcast media or social media such as SVB or Signature Bank (two of the largest in history), but you should know it could happen to your Bank. The good news you are insured up to $250,000 per covered FDIC account. The bad news if you or your organization has more than this, you run the risk of losing it. This is why you should be aware of how well your Bank is doing. All Banks are not alike.
Below is the link to your Bank Risk Grade. Being informed of your bank’s performance is crucial, regardless of insurance coverage. Internal issues at a bank can influence loan interest rates, deposit rates, and the standard of customer service.
Search for Your Bank THEN Search Free Bank Risk Grade for an objective Bank Rating based on an A-D letter grading scale (just like in school).
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