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Posted on June 30 at 1:13 p.m.
I do not know if the bank is being seized, but neither does the bank's management. The FDIC does not notify a bank's management that they are going to seize a bank. Management finds out when the FDIC team arrives at a bank to take it over, typically on a Friday night. This bank or any bank has no clue if they are being taken over. (Note, I am not saying that SBBT is being taken over, just that this bank's management, like any bank, does NOT know in advance of any FDIC action.)
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