There have been over 100 instances of bank failures in 2010. The Federal Deposit Insurance Corp, or FDIC, recently closed several banks in California, Virginia, and Chicago. How will you know if your bank fails? What happens to your money? There are a few ways to learn if your bank has been closed by the FDIC. You may hear about it on the news, which can be shocking. The FDIC does not like to make public announcements about banks that are on the verge of failing. Instead, you can find a list of banks that have recently been closed on … Continue reading →