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October 28, 2003

My Money Rides The Crazy Train

I'm really sick of bank mergers. I've lived in New England for a little over 13 years now. During that time, I've been:

  • a BayBank customer

  • a Bank of Boston customer, and

  • a Fleet Bank customer

    all without my account number ever changing. Each and every time the banks sold the merger with a lot of talk about economies of scale and service quality improvements. And each and every time bank fees have gone up and customer servince has gotten worse. Isn't it possible that we don't need another inter-regional banking giant, but rather a number of large regional banks competing for consumers' business?

    Posted by Dan at October 28, 2003 10:01 AM

    Comments

    I'd be wary of a bank that was named after an enema....

    Posted by: h-ed at October 29, 2003 03:14 AM

    Funny, they didn't mention anything about that in the brochures...

    Posted by: Dan at October 29, 2003 02:02 PM

    Whatever you do, don't ask about THAT penalty for early withdrawals.

    Posted by: jug at October 29, 2003 02:09 PM

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