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they will go on with their lives as always, funds were never at risk the bank was sold before any issues came up
Nothing. It is business as usual according to Chase.
They'll live their life how they usually would until they die. Then, they'll die.
Nothing. They will be renamed at a later date. They are insured up to $100K by the FDIC. At least, that is what we are being told. :)
Their bank will now have a different name, no other changes...business as usual.
In any case, bank deposits are insured by the FDIC up to, I believe, $200,000.
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