Changing from a big bank to a local bank
![]() A long time ago, in what seems like a galaxy far, far away, I commenced a banking relationship with a local bank called Standard Federal. At the time my then employer worked out a pretty good for employees if they switched over. I liked the bank, liked the service, and liked that fact that it had a long history in Southeastern Michigan. Sometime thereafter, Standard Federal was re-branded to become LaSalle Bank, and in 2007, Bank of America bought LaSalle Corporation and took over its banks. I didn't think about it in terms of anything other than a name change until the financial crash, reports of financial shenanigans and wrongdoing at Bank of America, and my own experience with an obnoxious and annoying BofA employee. Meredith and I no longer have the level of comfort patronizing BofA than we did before these things happened. I love the online bill paying system, but that is not enough of a reason to continue to patronize a large national bank that exhibits little appreciation for ethical and moral business practices, and at times shows contempt for its customers. We are now thinking of switching over to a local bank. The question is, which one? What local/regional bank do you use? Why? Let us know who you think we should switch to in the comment section of this post. |







Comments on "Changing from a big bank to a local bank"
-
cmadler said ... (12:52 PM) :
-
designated conservative said ... (3:45 PM) :
-
Anonymous said ... (10:34 AM) :
-
Anonymous said ... (10:53 AM) :
-
Kate said ... (3:20 PM) :
post a commentSkip the banks altogether and go for a credit union. Ypsilanti Federal Credit Union is good, but really almost any credit union is better than almost any bank.
The credit union is the place to be.
Credit Union. We use Ypsi's, plus what used to be the State Employees CU out of Lansing.
- Amy
I keep my money in my mattress ....
this let's me loan it to whoever I want to ....
the banks have a bad habit of loaning money based soley on what they call exposure to risk , in some cases they know the borrower will default and they will have a controlling interest or finger in another pie . In other cases the banks will loan to them what's got a political agenda ...and we end up with our own money being loaned to circumvent our personal interests ...
I'm with the others: go with a credit union. I've been a member of the University of Michigan Credit Union since 1976 and have nothing but pleasant experiences to relate. As a member, you vote for your CU's board of directors, among other things. If you don't like what's going on, you have a voice and they do listen.
I have also had experience with Bank of America and they are, in my not-so-humble opinion, a huge pile of jerks. Flee! Find a CU and have a say in how your money is used.