FWIW, I asked my wife, who is a regional manager for what I would describe as a very small regional bank, if they were seeing a lot of deposit withdrawals and she said no.
This really explains your reaction to my comment earlier in the thread where I suggested people/businesses keep larger sums of money (greater than 250k) in larger, more established banks.
No, I already explained my response. Your position is based in not understanding how FDIC Insurance works. It is pretty much that simple.
But, since you want to infer that I am making statements because of.... I don't know.... protecting my wife's job I guess, let's address that. I have absolutely no problem admitting my disdain for larger, "more established" whatever that means, banks. Why? I have worked for big banks and I have worked for smaller banks. As you might imagine, I have a number of friends and contacts in the industry after spending short of 20 years working in banking. I have first hand experience and plenty of second hand information about how banks work when it comes to the consumer. Big banks are horrible for the consumer. Absolutely horrible. They make decisions basically coming down to "how can we get away with sucking our customers life savings out of them the most" on a consistent basis. I have seen it. Lived it. Smaller banks actually do tend to have people making decisions more based in "how can we deliver value to our clients and be fair while making money". It would be an absolute horrible for this country if there was further consolidation of banks being fed to the "too big to fail" behemoths that have very little interest in the American consumer.
I am actually the biggest fan of Credit Unions for most banking needs. I have no family connections of employment to any CU. I left banking completely and I am a Mortgage Broker now because it is the best option for mortgage lending for most consumers. I am a consumer advocate at heart. If I could do that as my full time job then I would. But the next best thing is for me to work in an area where I believe I can help the most people do the most good for their lives versus the people slinging mortgages in these big banks that when the door is closed and it is just us Mortgage Loan Officers talking brag about how they "don't sell price, they sell service" which is code for, I screw my clients over while making them feel like they are getting some sort of value for it because I am such a great salesman- look at me!
Happy to dig into this more for you if you want. Whether it is explaining how FDIC Insurance works or how the large "most established" banks are absolutely horrible for you as a consumer... or anything else you wish.