TheStreet.com : Another Missouri Bank Fails TheStreet.com Ratings: "When asked about the likelihood of the depositors recovering a significant portion of uninsured balances, Mr. McClure said he was 'not optimistic in this case.'
TheStreet.com provides conservative, objective financial strength ratings for all U.S. banks and S&Ls. While you may feel no need to worry about your bank's health if you have deposits of less than the FDIC's standard $100,000 limit, chances are that you or someone you know is associated with a business, school district or other entity with large deposits in a local bank.
You can quickly check your institution's rating using the ratings screener."
This is the second bank failure of 2008. It's not a bad idea to check your bank's rating.
Monday, March 10, 2008
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