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DapperButch · 03-12-2011, 09:02 PM

I have been with the same local bank since (well, whatever age it was my father took me as a kid).

I have my checking and regular savings there. The only credit card I have is through this bank. I have used my local credit union for my car loans.

My mortgage is through Wells Fargo.

My non 403(b) investments (Roth Ira, rollover IRA) are in Vanguard. Vanguard is essentially client owned and the fees (which are the lowest around) are pretty close to what it costs to manage the funds.

My community bank doesn't really offer much in the way of investing. If it did, I would go with it.

Recently, my bank was taken over by a larger comapny (not one of the "big" ones, though). 750 of the 3,000 employees were let go. The people that were let go were evidently those who worked in the local branches. The folks who weren't in the day to day banking were kept as supposedly the reason why this bank wanted to take over my bank was b/c they weren't good at x, y, z (but of course they were good at the day to day stuff, so the branch people were let go!). The bank has been around for many years. Many folks have been there for 30 years. It is sad.

(I didn't see this thread until today!)

03-12-2011, 09:02 PM	#10
DapperButch Roadster Guy How Do You Identify?: FTM, Stone Butch Preferred Pronoun?: He Join Date: Nov 2009 Location: Northeast Posts: 7,745 My Photo Gallery Thanks: 26,545 Thanked 26,892 Times in 5,770 Posts Rep Power: 21474858	I have been with the same local bank since (well, whatever age it was my father took me as a kid). I have my checking and regular savings there. The only credit card I have is through this bank. I have used my local credit union for my car loans. My mortgage is through Wells Fargo. My non 403(b) investments (Roth Ira, rollover IRA) are in Vanguard. Vanguard is essentially client owned and the fees (which are the lowest around) are pretty close to what it costs to manage the funds. My community bank doesn't really offer much in the way of investing. If it did, I would go with it. Recently, my bank was taken over by a larger comapny (not one of the "big" ones, though). 750 of the 3,000 employees were let go. The people that were let go were evidently those who worked in the local branches. The folks who weren't in the day to day banking were kept as supposedly the reason why this bank wanted to take over my bank was b/c they weren't good at x, y, z (but of course they were good at the day to day stuff, so the branch people were let go!). The bank has been around for many years. Many folks have been there for 30 years. It is sad. (I didn't see this thread until today!) __________________ -Dapper Are you educated or indoctrinated?