21 Sure Signs Your Bank Is About To Fail

by Ron Haynes

Bank failure is a serious concern nationwide. But how do you tell if your bank is on the brink? There are many “financial” signs, but I think there are some more reliable indications:

1. They have an incessant need to lower expenses by chaining pens to the desk.

2. The bank’s vault door is open, but the front door is still locked at 9:13AM.

3. The branch manager has a water bottle and a squeegee waiting on you in the drive through.

4. Their “security” question asks how many toes are on your left foot.

5. There are no withdrawal slips available anywhere but plenty of deposit slips.

6. The branch manager is wearing a tie that has another bank’s logo.

7. All teller lanes are closed but one.

8. There are 597 FDIC signs in the lobby.

9. You’re charged a $12 fee to make a deposit, a $9 fee to open their door, and a $27 fee to breath their oxygen for 3 minutes.

10. When you tell them you’d like to open a CD, they hand you a complimentary copy of Barry Manilow’s Greatest Hits still wrapped in cellophane.

11. Toasters? Out. Valet parking? In. Oddly enough, there’s a used car lot just next door…

12. When you cash your check, they give you Euros.

13. The drive through window now allows deposits AND serves burgers and fries.

14. They demand 100% down on your mortgage.

15. The tellers have signs that say, “Will count money for food.”

16. There’s a new banner over the front door that reads, “We LOVE Congress!”

17. The bank president is on vacation in North Korea.

18. There’s an auction going on in the back parking lot. Lots of desks and filing cabinets…

19. The FDIC answers the customer service phone line.

20. The security guard carries a gun with a little orange tip on the barrel.

21. The Commercial Loan department wants to know how much YOU can lend THEM.

[tags]bank failure, business, bank, banking, FDIC, insured deposits[/tags]

About the author

Ron Haynes has written 987 articles on The Wisdom Journal.

The founder and editor of The Wisdom Journal in 2007, Ron has worked in banking, distribution, retail, and upper management for companies ranging in size from small startups to multi-billion dollar corporations. He graduated Suma Cum Laude from a top MBA program and currently is a Human Resources and Management consultant, helping companies know how employees will behave in varying situations and what motivates them to action, assisting firms in identifying top talent, and coaching managers and employees on how to better communicate and make the workplace MUCH more enjoyable. If you'd like help in these areas, contact Ron using the contact form at the top of this page or at 870-761-7881.