Quote:
Originally Posted by TomPerry
OP, I don’t understand why you have “small amount” in CFB! Is it just in case! That required the bank to incur administrative expense to comply with state dormant account laws. The small fee is there way of dealing with small PITA accounts. Perhaps these PITAs is why “The Villages” are selling the bank.
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One reason is ready cash access at many ATM's. They probably make up the cost via relatively low interest rates on deposits.
Wondering what the odds for so many brick and mortar locations and ATM's at every Rec Center surviving under a new owner with a different business model?