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The title seems ambiguous (and, oddly, does not match the blog post title). Did Chase bank hand over all Massachusetts assets (all assets in a MA account) to t
by chimeracoder 14y ago
The title seems ambiguous (and, oddly, does not match the blog post title).
Did Chase bank hand over all Massachusetts assets (all assets in a MA account) to the state, or did they hand over non-Massachusetts assets to the state of Massachusetts? The opening of the article implies the latter, since the account was opened in Illinois, though it's possible that the account qualified as an MA account.
Even if the address on the account is listed as a California address, the account may still be a Massachusetts account (use an MA routing number, etc.).
I'd be very interested to know if Chase handed over assets from an Illinois account to the state of Massachusetts.
- largesse 14y agoI suspect that there's no such thing as an Illinois or Massachusetts account to Chase. They are all just accounts held by clients who are US citizens.
- rdouble 14y agoBank of America in NYC is a different entity from B of A in California. Same with Wells Fargo. The accounts are geographically tied to the state in which they were opened. Chase is probably set up the same way.