Doral Bank taken over by Popular Community Bank?
I have a CD in Doral Bank matured on May 2015, recently Doral Bank was taken over by Popular Community Bank forced by FDIC. Please advise whether I wait for the mature date or withdraw now, any penalty if I have early withdraw. Thank you.
- Anonymous6 years agoFavorite Answer
Your account will be assumed by the new bank - the account terms remain unchanged. There's no reason to withdraw now.
- rivesLv 66 years ago
the new one could take over the account but sometimes you are forced to withdraw the old bank to cash out talk to bank before they go out