ED Magedson – Founder
Centennial Bank of Conway, ArkansasConway , Arkansas USA
Centennial Bank of Conway, Arkansas aka Centennial Bancorp, Home BancShares, Inc. and Liberty Bancshares, Inc. Fee Grabbing, Replacing Policies Conway Arkansas
The bank I'd used for years in Tallahassee, FL was bought out this year (2013) by a bank called Centennial Bank out of Conway, Arkansas. Immediately, our free checking account began having a $10 new bank fee taken out every month. The ATM where we always had free checking withdrawals began charging $2 for each transaction. Yesterday and today, I have learned that the local branch managers have no power to refund more than ONE overdraft fee according to the new Centennial policies.
What happens is whenever you make a deposit or debit card purchase, the bank can delay it to their benefit, so the bank taps into your overdraft "protection" (really a fee grabbing mechanism for Centennial Bank and BOA types) Multiple Times by manipulating the timing on what cleared and what they hold back.
Centennial is manipulating my overdraft into SEVEN (7) overdraft fees at $30 each. [continued below]....
This report was posted on Ripoff Report on 09/12/2013 08:39 AM and is a permanent record located here: http://www.ripoffreport.com/reports/centennial-bank-of-conway-arkansas/conway-arkansas/centennial-bank-of-conway-arkansas-aka-centennial-bancorp-home-bancshares-inc-and-lib-1083905. 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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