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Comments by annacappa

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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.)

On Pacific Capital Bancorp Refutes Takeover Gossip

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