[4RE KLR]

Joe,
I would stay away from BOA. (personal opinion)

You are fine right where you are right now. Don't loose sleep over this.

How can you tell if a bank is in trouble?
Well they are required by law to make public a counter statement. When you go into the lobby you will see a tri-fold paper laying in the counter with the banks name and logo and information in it. It is the latest PUBLISHED information they have made available to the public.

Here are the concerns.
1) You have to know how to read it. Not that you don't know how to read OK. But I mean the financials of the banks itself.

2) Usually for it to make any sense you need several previous statements for comparison.

3) It is only good as of the day it is dated. Meaning if it is dated yesterday, that is what the condition of the bank was yesterday, NOT today.

4) These counter statements have been know to be slightly misleading to the public.

5) Make sure it is dated, as of the last "quarter" of the banks year.



As mentioned the smaller banks right now will be your best bet. They tend to be more conservative in the exotic lending practices. They still have board members that bank there and have their own families deposits there. If they are publically traded, look them up and perform a "insider trades" search. CNN.com is a good easy one to operate. If the insiders are selling in large numbers and often RUN!

Right now you are OK. Like I said. If the bank sells, the new owners will keep your money available to you. They DO NOT want a run on the deposits. If that happens they will loose their investments.

Just sit tight, and get a counter statement every time you go in the bank and learn how to read it. If you have problems reading it, ask to visit with a Senior Bank Officer. Set down and spend ten minutes and get the low down on the bank financials.

Piece of cake.