determining
  • Report: #943175

Complaint Review: First Citizens Bank

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  • Submitted: Tue, September 18, 2012
  • Updated: Tue, September 18, 2012

  • Reported By: Tom Rider — Hendersonville North Carolina United States of America
First Citizens Bank
Main Street Hendersonville, North Carolina United States of America

First Citizens Bank Are Banks Above the Law Hendersonville, North Carolina

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First Citizens Bank has stated that they have no fiduciary duty to me their borrower. If you are looking for a construction loan bypass this bank. They gave our money away to an unlicensed contractor. Though state law in North Carolina states that contractors must be licensed to enter into a contract, this bank states that there is nothing in their contact with us that forbids them from paying an unlicensed contractor which is exactly what they did. They advise that their inspections of the building process are for the banks benefit and not for the benefit or protection of the borrower. They are not out to protect you, they have your name on the note so that is all that matters.

Due dilligence? Whats that?

See my blog at tarider1.blogspot.com

This report was posted on Ripoff Report on 09/18/2012 04:51 PM and is a permanent record located here: http://www.ripoffreport.com/r/First-Citizens-Bank/Hendersonville-North-Carolina-28792/First-Citizens-Bank-Are-Banks-Above-the-Law-Hendersonville-North-Carolina-943175. The posting time indicated is Arizona local time. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year.

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