Apalachicola Seafood Festival a Success
By: Jessi Chapin
Tropical Storm Ida *7pm EST Update
Source: National Hurricane Center
Sheriff Bobby Haddock Speaks Out About Baby Shannon Search
By: Erin Hawley
Fishermen Rally Against Strict Regulations
By: Elizabeth Cate
House Fire a Reminder of Cold-Weather Danger
By: Jessi Chapin
Bay County Health Department Continues School H1N1 Flu Vaccination Clinics
Source: Bay County Health Department
Man Charged with Aggravated Battery With a Motor Vehicle
Source: Marianna Police Department
Franklin County Shellfish Area Closed
Source: The Florida Department of Agriculture and Consumer Services
Modern Medicine: Pancreatic Cancer
By: Jessica Foster
Bay County Health Department Delivers H1N1 Flu Vaccine to local OBs and Pediatricians
Source: Bay County Health Department
For Additional Headlines - go to our News Section »
- Apalachicola Seafood Festival a Success
made by zebrat - Boyd Introduces Legislation to Protect Gulf Coast Oyster Industry
made by gator - Boyd Introduces Legislation to Protect Gulf Coast Oyster Industry
made by protectfloridajobs.com - Panama City's Future: Boom or Bust?
made by protectfloridajobs.com - Panama City's Future: Boom or Bust?
made by gator@work - Panama City's Future: Boom or Bust?
made by Don - Boyd Introduces Legislation to Protect Gulf Coast Oyster Industry
made by gator@work - Panama City's Future: Boom or Bust?
made by protectfloridajobs.com - Boyd Introduces Legislation to Protect Gulf Coast Oyster Industry
made by protectfloridajobs.com - Panama City's Future: Boom or Bust?
made by wcrider153
- Sheriff: Baby Found Alive Under Babysitter’s Bed
- UPDATE: Missing Child Alert Issued for Infant in Chipley
- Update: Babysitter Under Investigation in Missing Infant Case
- Mother and Aunt Charged in Disappearance of Baby Shannon
- Person of Interest in Baby Disappearance
- Missing Child Update
- Neighbors React To Child’s Disappearance
- Four Arrests Made in Connection to Weight Loss Clinics
- Tropical Storm Ida *7pm EST Update
- Search Continues for Missing Infant
The tenacity of Americans is tested Monday as Wall Street plunges 800 points. It’s four year low.
The future of many troubled banks remains in question. Through the first nine months of the year, 13 banks, savings and loans were taken over by the Federal Deposit Insurance Corporation, according to the Associated Press. That’s more than the previous five years combined. More than 100 banks nationwide are expected to fail next year.
While People’s First officials say the bank is not in trouble, it is feeling the effects of a troubled economy.
“We built our business by putting people in homes,” says Steve Bornhoft, People’s First Bank Senior Vice President of Marketing. “Loss of business results in people not being able to make payments.”
Bornhoft says there are 33 People’s First branches statewide, with $1.8 billion in assets.
He says banking with People’s First is still safe.
“We stayed away from sub-prime lending so we’re fortunate.”
People’s First may stay, but local branches of Wachovia expect a change. Citigroup and Wells Fargo are in a bidding battle over the bank. Summit Bank President Andy Stein says account holders will have full access and coverage no matter what the outcome.
“If the FDIC were to close a bank, they close it on Friday, open it on Monday morning. It doesn’t have any effect on customers at all.”
The $700 billion “Bailout Plan” will increases insurance coverage on your money. The FDIC now covers you $250,000 instead of $100,000. Stein says loopholes allow a five person family to ensure $2.5 million under one account.
“Sit down with your banker and they can council you on how to best maximize the insurance on accounts.”
In the midst of an economic meltdown, Stein says the last thing you should do is cancel your account.
“The depositor needs to have total confidence in their local banks. All local banks are well run companies. Some have problems, but it’s not severe. These banks are going to be around for a while.”
First, we are not being sneaky and gathering your email or other information to sell to telemarketers or e-mail spam companies.
Registration on this site is required simply to allow us to keep people who would post discriminatory, threatening and harassing messages and comments from doing it again.
By having user registration, we hope to provide you with a better user experience. Please view WMBB.com's full Terms & Conditions














