Bad News For Banks

[Cobrabill]

Colonial is huge back east.They've spent the past twenty years gobbling up all the "mom & pop"banks.In the city i grew up in,there are no surviving banks from when i was a kid.Every last one has been taken over.

[Ron61]

Bill,

That sounds like around here. Years ago they started a small bank with just offices in Shasta Lake and Redding. Then another one bought it and then it was sold again and on and on and all that remains of it is they kept the original name, but it is owned by some big corporation that has banks all over the West.

Ron

[Silverback51]

All of this consolidation was supposed to benefit the consumer. All it seemed to do was benefit the CEO's.