Mourning The Loss of A Financial Institution That's Been Around Since 1853

Today was the first official day of the merger of what was a really good banking institution to one that has some really bad reviews. A lot of the former customers of the bank that was merged with this new/old banking institution are very unhappy. I can't say that I blame them. We've all gotten used to the old bank and are a bit steamed at being railroaded into this new/old banking institution. I won't name names here.

There are some things to be thankful for in the transition. The new/old banking institution is giving us until March before they start instituting their fees. I hope that they stick with this. I do believe even with this waving of fees there will be at least half of the customers leaving for "greener" pastures. I can tell them truthfully that there really are no "greener" pastures. I've been through this at least three times already. I can still remember all three times.

I hung on that first time when the bank that I had been banking with changed names. The second time something happened and I had to change banks. The third time the bank merged with a foreign entity which made me uncomfortable, so I switched banks. This time around I may go with a credit union. I am grateful that I have this opportunity to discover what a new bank can do for me.

I learned the hard way not to tie up my money with direct deposits to my account. It takes at least three weeks for everything to be straightened out. That was a while ago, so things may have changed. I do have to change a few things now as I get used to this new/old banking institution. My prayer is that my personal information is still safe and my accounts haven't been touched. It is very nerve wracking when you hear stories about people who used this institution having serious issues.

I am hanging on for now waiting for the dust to settle before I make any changes. I do mourn the loss of that financial institution as I feel like I'm on shaky ground. I am praying for security and wisdom as I research financial institutions that will suit my needs. I pray for all those that are affected by this transition as well. I know some employees of that financial institution are mourning with me.