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Watch The FDIC Seize A Bank

Posted By Jim On 03/10/2009 @ 3:25 pm In Banking | 8 Comments

Want to see the FDIC seize a bank? This thirteen minute video has 60 Minutes following the FDIC as they seize and close down the five branches of Heritage Community Bank, a Chicago bank that failed on February 27th, 2009, and was acquired by MB Financial Bank. Closed on a Friday, all branches were open on Saturday.

If you want to skip the build up and want to see what happens when they take over, it starts at around 5 minutes. People freaking out happens a little later on.

All your bank are belong to US.

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