Riverside Bank Closed, Accounts Transferred to TD Bank
The Office from the Comptroller with the Currency has closed the Riverside Bank (Riverside National Bank of Florida). Yesterday, the FDIC (Federal Deposit Insurance Corporation) informed the closure by means of a press release.
TD Bank has acquired the banking operations of Riverside Bank, this contains all deposit accounts, “excluding particular brokered deposits”. According to the information propelled through the FDIC website:
“The FDIC has assembled useful information regarding your relationship with this institution. Besides a checking account, you may have Certificates of Deposit, a car loan, a business checking account, a commercial loan, a Social Security direct deposit, and other relationships with the institution. The FDIC has compiled the following information, which should answer many of your questions.”
This signifies that if you might have an account with Riverside Bank, you should be safe simply because they’ve been protected from the FDIC.
