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#1047088 - 09/22/08 04:25 PM Bank failure question
Comply Offline
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Joined: Oct 2003
Posts: 291
In the event that a bank should fail and be taken over, would customers still have access to their safe deposit boxes. Since those contents are not FDIC insured?

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#1047136 - 09/22/08 04:50 PM Re: Bank failure question Comply
Plain Old Tom Offline
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#1047599 - 09/22/08 09:41 PM Re: Bank failure question Plain Old Tom
KC Danimal Offline
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KC Danimal
Joined: Sep 2005
Posts: 923
Kansas City
I was employed at a bank that failed back in the early 90s. We were closed at 5pm Friday and re-opened at 9am Saturday morning under a new owner. Safe Deposit access was not affected. Customers never lost access to their box or the box's contents. The FDIC did an inventory of keys for un-rented boxes, but spent no time at all on any issues involving rented boxes.
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#1047790 - 09/23/08 04:58 AM Re: Bank failure question KC Danimal
cbinder63 Offline

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cbinder63
Joined: Dec 2001
Posts: 674
Colorado
If you read the press releases on the banks involved, it shows the following (example from the most recent):
You may continue to use the services to which you previously had access, such as, safe deposit boxes, night deposit boxes, wire services, etc, as normally available at each branch.
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