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Truist Bank, others #3962982
08/22/23 03:36 PM
08/22/23 03:36 PM
Joined: Aug 2001
Posts: 65,529
Luverne, AL
Skinny Offline OP
GUVNER
Skinny  Offline OP
GUVNER
Joined: Aug 2001
Posts: 65,529
Luverne, AL
Truist Bank could be in trouble. Folks are rumbling about it possibly going in the sh1tter.
HSBC also is getting some negative attention.
Schwab's banking side may also be in serious trouble.
Regions is also getting stressed.

One or two of those may go tits-up soon, some are saying September.


Never Trust Government

"You can be broke but you cant be poor." Ruthie-May Webster
Re: Truist Bank, others [Re: Skinny] #3962992
08/22/23 04:11 PM
08/22/23 04:11 PM
Joined: Jan 2013
Posts: 19,773
Pelham
B
Ben2 Offline
Old Mossy Horns
Ben2  Offline
Old Mossy Horns
B
Joined: Jan 2013
Posts: 19,773
Pelham
Lets hope they all survive

Re: Truist Bank, others [Re: Skinny] #3962996
08/22/23 04:13 PM
08/22/23 04:13 PM
Joined: Jun 2015
Posts: 14,112
Some Marriott/Auburn
A
AU7MM08 Offline
Booner
AU7MM08  Offline
Booner
A
Joined: Jun 2015
Posts: 14,112
Some Marriott/Auburn
Isn’t Regions HQ’ed in Bham?

Re: Truist Bank, others [Re: AU7MM08] #3962997
08/22/23 04:14 PM
08/22/23 04:14 PM
Joined: Dec 2007
Posts: 4,199
alabama
B
BigEd Offline
10 point
BigEd  Offline
10 point
B
Joined: Dec 2007
Posts: 4,199
alabama
Originally Posted by AU7MM08
Isn’t Regions HQ’ed in Bham?


Yes

Re: Truist Bank, others [Re: Skinny] #3963010
08/22/23 04:31 PM
08/22/23 04:31 PM
Joined: Oct 2001
Posts: 25,682
Tampa
B
Beer Belly Offline
Freak of Nature
Beer Belly  Offline
Freak of Nature
B
Joined: Oct 2001
Posts: 25,682
Tampa

Great; auto pay most everything is set up thru them


--------------
For what it is worth: I still agree with me!
A big man will stand up for himself; a great man will stand up for others.
Processor Map: https://www.google.com/maps/d/u/0/edit?mid=1OTDcvGoo3puyO-CV10he3pH97IE
Re: Truist Bank, others [Re: Skinny] #3963012
08/22/23 04:32 PM
08/22/23 04:32 PM
Joined: Aug 2001
Posts: 65,529
Luverne, AL
Skinny Offline OP
GUVNER
Skinny  Offline OP
GUVNER
Joined: Aug 2001
Posts: 65,529
Luverne, AL
Regions should be fine, but they do have some stress. It really look like Truist and Schwab could have some trouble. They owe a lot in short term interest and may not have the liquidity to pay it.


Never Trust Government

"You can be broke but you cant be poor." Ruthie-May Webster
Re: Truist Bank, others [Re: Skinny] #3963024
08/22/23 04:37 PM
08/22/23 04:37 PM
Joined: Dec 2013
Posts: 22,743
Lickskillet, AL
Irishguy Offline
a.k.a. Dingle Johnson
Irishguy  Offline
a.k.a. Dingle Johnson
Joined: Dec 2013
Posts: 22,743
Lickskillet, AL
"Always look on the bright side of life..."

My favorite Skinny quote.

Re: Truist Bank, others [Re: Skinny] #3963050
08/22/23 05:13 PM
08/22/23 05:13 PM
Joined: Sep 2011
Posts: 7,697
Tenn
W
woodduck Offline
14 point
woodduck  Offline
14 point
W
Joined: Sep 2011
Posts: 7,697
Tenn
We use truist

Re: Truist Bank, others [Re: woodduck] #3963059
08/22/23 05:23 PM
08/22/23 05:23 PM
Joined: Jun 2015
Posts: 14,112
Some Marriott/Auburn
A
AU7MM08 Offline
Booner
AU7MM08  Offline
Booner
A
Joined: Jun 2015
Posts: 14,112
Some Marriott/Auburn
Originally Posted by woodduck
We use truist


12 months from now that might be reading
We used truist

Re: Truist Bank, others [Re: Skinny] #3963060
08/22/23 05:23 PM
08/22/23 05:23 PM
Joined: Jan 2020
Posts: 1,719
Marshall County
Wapiti55 Online content
8 point
Wapiti55  Online Content
8 point
Joined: Jan 2020
Posts: 1,719
Marshall County
There’s a lot of people who’s in the State retirement plan that are praying Regions will be fine.

Re: Truist Bank, others [Re: Skinny] #3963064
08/22/23 05:27 PM
08/22/23 05:27 PM
Joined: Sep 2011
Posts: 7,697
Tenn
W
woodduck Offline
14 point
woodduck  Offline
14 point
W
Joined: Sep 2011
Posts: 7,697
Tenn
I’m not as knowledgeable as many of y’all when it comes to banks stocks all that chit. Wish I was but not my forte. Y’all have any sources I could read on this or is my money safe for now?

Re: Truist Bank, others [Re: Skinny] #3963069
08/22/23 05:36 PM
08/22/23 05:36 PM
Joined: Jan 2012
Posts: 742
Chelsea
Floorman1 Offline
4 point
Floorman1  Offline
4 point
Joined: Jan 2012
Posts: 742
Chelsea
So if you had an account at said bank, where would you move it to?

Re: Truist Bank, others [Re: Skinny] #3963070
08/22/23 05:36 PM
08/22/23 05:36 PM
Joined: Aug 2001
Posts: 65,529
Luverne, AL
Skinny Offline OP
GUVNER
Skinny  Offline OP
GUVNER
Joined: Aug 2001
Posts: 65,529
Luverne, AL
So long as you are under $250k your fine. Anything over that could be in trouble.


Never Trust Government

"You can be broke but you cant be poor." Ruthie-May Webster
Re: Truist Bank, others [Re: Skinny] #3963079
08/22/23 05:56 PM
08/22/23 05:56 PM
Joined: Aug 2006
Posts: 9,030
Andalusia, Covington County, A...
TexasHuntress Offline
14 point
TexasHuntress  Offline
14 point
Joined: Aug 2006
Posts: 9,030
Andalusia, Covington County, A...
Originally Posted by Skinny
So long as you are under $250k your fine. Anything over that could be in trouble.


That is the max that can be FDIC insured at one bank (chain) for one person, correct? I always assumed that if people had more than that amount that they would have multiple accounts with other bank (chain) so as to keep their behind covered. But I guess there are some people who move such large amounts that it wouldn't be feasible to do that. I am certainly not one of them though.


If you live to be a hundred, I want to live to be a hundred minus one day, so I never have to live without you.---Winnie the Pooh
Re: Truist Bank, others [Re: Skinny] #3963080
08/22/23 05:57 PM
08/22/23 05:57 PM
Joined: Apr 2000
Posts: 16,281
Elmore County
Frankie Offline
Old Mossy Horns
Frankie  Offline
Old Mossy Horns
Joined: Apr 2000
Posts: 16,281
Elmore County
I left them after the last merge.

Re: Truist Bank, others [Re: Wapiti55] #3963086
08/22/23 06:07 PM
08/22/23 06:07 PM
Joined: Jan 2014
Posts: 6,645
Lake View, AL
Joe4majors Offline
14 point
Joe4majors  Offline
14 point
Joined: Jan 2014
Posts: 6,645
Lake View, AL
Originally Posted by Wapiti55
There’s a lot of people who’s in the State retirement plan that are praying Regions will be fine.


Why is that?

Re: Truist Bank, others [Re: Skinny] #3963087
08/22/23 06:07 PM
08/22/23 06:07 PM
Joined: Nov 2014
Posts: 13,119
Montgomery, Alabama
jaredhunts Offline
Puts sugar in his cornbread!
jaredhunts  Offline
Puts sugar in his cornbread!
Joined: Nov 2014
Posts: 13,119
Montgomery, Alabama
Meh(tm).


It be's that way sometimes.

www.sunpoolcompany.com
Re: Truist Bank, others [Re: Skinny] #3963088
08/22/23 06:07 PM
08/22/23 06:07 PM
Joined: Jan 2017
Posts: 3,665
Lower Alabama
Andalusia Offline
10 point
Andalusia  Offline
10 point
Joined: Jan 2017
Posts: 3,665
Lower Alabama
$250,000 for single acct, $500,000 for joint acct


"If you are the smartest person in the room, you're in the wrong room"

"How you do Anything, is how you do Everything"

"It is the mark of an educated mind to be able to entertain a thought without accepting it"
Re: Truist Bank, others [Re: TexasHuntress] #3963122
08/22/23 06:55 PM
08/22/23 06:55 PM
Joined: Feb 2007
Posts: 19,396
colbert county
cartervj Offline
Old Mossy Horns
cartervj  Offline
Old Mossy Horns
Joined: Feb 2007
Posts: 19,396
colbert county
Originally Posted by TexasHuntress
Originally Posted by Skinny
So long as you are under $250k your fine. Anything over that could be in trouble.


That is the max that can be FDIC insured at one bank (chain) for one person, correct? I always assumed that if people had more than that amount that they would have multiple accounts with other bank (chain) so as to keep their behind covered. But I guess there are some people who move such large amounts that it wouldn't be feasible to do that. I am certainly not one of them though.



Those folks in California didn’t lose anything. Biden said he covered everyone


“Socialism only works in two places: Heaven where they don't need it and hell where they already have it.” ― Ronald Reagan
Re: Truist Bank, others [Re: Skinny] #3963126
08/22/23 07:03 PM
08/22/23 07:03 PM
Joined: Oct 2014
Posts: 409
Helena
N
NoHuntin Offline
4 point
NoHuntin  Offline
4 point
N
Joined: Oct 2014
Posts: 409
Helena
Regions has 5% one year CDs if you are interested.

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