Seattle Times: Frontier Bank closed: Union Bank of SF will take overPosted: April 30, 2010
This is somewhat surprising: Frontier Bank closed: Union Bank of SF will take over. Frontier Bank is a pretty big bank — I know I’ve seen quite a few branches in and around Seattle. I’ve worked with Union Bank before — they’re not bad, but there’s a reason why I keep my money at a credit union instead of a bank.
There was a story on All Things Considered last year about what happens when the FDIC takes over a bank. It’s pretty cool: check it out.