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?

Priority of Claims

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!