Going going gone
 

Last month they got rid of villages insurance and today’s article in the sun the bank is next. Taken over by Seacoast bank. They have 79 locations and the villages bank 19. Next maybe villages golf cart stores.

Eastport costing a lot more than anticipated, and more cash is needed. . .

Gone
 

What about selling the Morse Daily News? One can hope.

My local bank is Citizens First, and I was shocked when I logged in this morning. I know this is the early stages of the merger, but I'm wondering if the name change will affect my direct deposits and other online banks I have connected to Citizens First.

I am having nightmares about contacting all the bill pays, including IRS for estimated tax quarterly payments and Social Security. Further, even though I use few checks, I ordered extra last time just to avoid the inconvenience of another order. Ugh!

Mergers and acquisitions happen frequently in the banking world. Account numbers and routing numbers probably won't change for years, if ever. No worry.

More likely the current generation taking some gains before they retire and hand it over to the next generation.

Changes
 

Expect a lot of changes, not just the name. During my career, I was involved with mergers. One reason for them is consolidation of duplicated operations for expense reduction. Put another way, some people will lose their jobs. Seacoast's PR piece doesn't address this issue. On the upside, maybe Seacoast will update Citizen's electronic banking capabilities.

This is going to be scary for those of us who were born with one last name, eventually got married and took our spouse's last name. The new laws require more forms of ID now than just a REAL ID, if you change banks for your monthly social security deposit.

But what if the bank changes itself? Will we have the same account and routing number? If not, this could get messy. I know my birth certificate has my first, middle, and last name at birth. My REAL ID Drivers License has only my first and last name at marriage, and so does my social security card. I'm not sure where my marriage certificate is, but if I need a new copy it involves more paperwork and fees, plus Connecticut requires a postal money order only and not a personal check, and they don't take credit cards for payment. So that means more fees.

All this to prove that I am the person I was when I first filled out my Social Security deposit information, and all because I'm a married woman who took my husband's name when I got married, and that last name doesn't match the last name on my birth certificate. Which - they knew, because they gave me that Real ID, which required all that information back when I still lived in Connecticut.

Same here in the 1990s, I would not be worried about the routing checking account numbers, etc. for quite a while. We centralized back office functions, but migrating banking accounting software should not happen for several years, and is a separate back office system. my checking account is with Bank of America, and i have had it since the 1980s 3-4 maybe 5 banks ago.


good luck to us!

No surprise...............The Villages is a land developer......They DEVELOP.

Land developers are not interested in banking, newpapers, radio stations, water treatment facilities, local government, etc., etc., etc.

:oops:

Went through this when BB&T became Truist, no problems.

Talk about borrowing trouble, i suggest relaxing and deal with things as they come along. We've gone through banks being absorbed by other institutions and there were no issues.

The laws were different then. The new laws only affect people who have a different last name than the name that was on their birth certificate, or people who never had a birth certificate (some families in the Appalachians had their kids at home and never registered their births, for instance - there are other examples but that's the one I know of most).

It's not "borrowing trouble." It's "being prepared" for changes in laws that have recently been passed.

/// Never mind. Can't convince the world that they key to not panicking is preparation for reasonably foreseeable events.