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Originally Posted by OrangeBlossomBaby
All this talk about how it's only accounts in small banks has me wondering: we have Citizens First Bank - there's also Truist, which is pretty small. There's also Vystar.
I don't "invest" in any banks, our annuities are with the Knights of Columbus, which has been and likely will always be stable. As long as there are Catholics, there will be the Knights.
But I am considering opening a Citizens First account to deposit my social security checks when they start coming in July so - should I just stick with Bank of America?
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Truist is the 7th largest bank in America, It is also one of the 20 D-SIB banks. Bank of America is the 2nd largest bank in America and 1 of 8 US G_SIB banks. You are correct about Citizens First bank - community bank - small potatoes.