Company Bank – No Change

By Edwin

calbank_seizedOver the weekend, Solon Enterprises’ corporate bank was seized by the FDIC. This post is to inform our clients that this DOES NOT CHANGE ANYTHING.

In the 1930′s, this would have been a disaster. Today, it’s simply a news item. US Bank has taken over California National’s operations, and none of the customers will see any changes or notice any difference. This has happened to us in other areas (non-corporate bank accounts and insurance) over the last year or so, and we have every expectation that this will be the same.

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