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They won’t need to. They’ll be taken over in orderly course and all depositors will be made whole by the normal acquiring institution. Like the 500 or so bank
by kasey_junk 4y ago
They won’t need to. They’ll be taken over in orderly course and all depositors will be made whole by the normal acquiring institution. Like the 500 or so banks they’ve done that for in the last 20 years.
Depositors don’t typically lose money in FDIC receivership situations no matter what their balance is.