checking

Your bank's been acquired: Should you stay?

Lending rules
Next
4 of 8
Back
text

Customers who have typically done business with a community bank could face the biggest shock when their bank is acquired. The process will be different when they want to borrow money or refinance, but the changes will be particularly evident if they need to restructure a loan when cash flow problems hit.

"A community bank is a lot more flexible," says Paul G. Merski, senior vice president of the Independent Community Bankers of America. "It can restructure the terms of the loan with you. It's different when you're dealing with a corporate policy that comes out of New York."


 

 

advertisement

Show Bankrate's community sharing policy
          Connect with us
advertisement
CD & INVESTING NEWSLETTER

Learn the latest trends that will help grow your portfolio, plus tips on investing strategies. Delivered weekly.

Ask Dr. Don

How often to compound interest?

Dear Dr. Don, Is it better to have interest compounded on your money daily, monthly or quarterly? Which gives you the most for your money invested? Thanks, -- Jan Juxtapose Dear Jan, With all else being equal, the more... Read more

advertisement
Partner Center
advertisement

Connect with us