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What To Expect From Your Failed Bank

Bankrate.com
For customers with insured balances, expect that you may have no access or limited access to funds for a few days while the FDIC completes the takeover of the bank. ‘This can be disconcerting, but the FDIC keeps it to a minimum,’ says Kenneth Alverson, managing director at New York-based Novantas LLC, a consulting firm to the banking industry.

Read more: What To Expect From Your Failed Bank

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