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Report: #46755

Complaint Review: Cross Country Bank - Wilmington Delaware

  • Submitted:
  • Updated:
  • Reported By: San Diego California
  • Cross Country Bank www.crosscountrybank.com Wilmington, Delaware U.S.A.
  • Phone: 302-467-4600
  • Web:
  • Category: Banks

Cross Country Bank rip-off corruption Wilmington Delaware

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Usefull Information:

I have been involved with Cross Country Bank since 1998, as a customer, and after funds were not paid on one of their checks written by me I followed the usual course of action to find out why. Two weeks after this incident, I received a letter from Cross Country Bank admitting their mistake, however their action to take care of this mistake did not follow legal form at all.

Too make a very long story short, I am still fighting this case. Upon many hours of research and correspondence from March of 2002, to date involving the bank commissioners office in Delaware who only handled cases involving Cross Country Bank until May 14, 2002, due to the fact that the chief regulatory agency of this bank, FDIC issued a cease and desist order May 15, 2002 with some very strict guidelines set forth for the board of directors of the bank to follow which is available for view at www.fdic.gov.

Although I am not a lawyer, after reading this court order, it was apparent to me that the bank was basically taken over by the FDIC, focusing all moves of the bank to be sent to the regional director of the FDIC for approval. THE BANK HAS BASICALLY BEEN DISABLED FROM

MAKING ANY REAL DECISIONS AND POSSIBLY LIMITING ALL

LIABILITY OF THE BANK FOCUSING ALL EFFORTS ON MAKING

SURE THAT THE CAPITAL MAINTENANCE PLAN SET FORTH BY THE

FDIC IS MET PURSUANT TO THEIR LISTED GUIDELINES.

As sad as it may be, and believe me, I'm sure they're few customers that have been adversely affected by this bank as I have, as long as the FDIC has their hands in this and forcing the bank to the conditions that it should have been operating under in the first place, pending cases are going to stay, until the bank can regain capital.

If it doesn't there is a good possibility that it will be dissolved or acquired by another bank.

Also, there has been some uncertainty as to whether or not Cross Country Bank is a real bank or not. Fact.

Cross Country is licensed as an Insured State non-member bank, Which means that is a bank, non-member of the Federal Reserve Board, headquartered in Wilmington Delaware.

Read the facts for yourself at www. fdic.gov/individual/enforcement/11932.html. Docket# FDIC-02-035b (5-15-02).

Good Luck.

Brandon
San Diego, California
U.S.A.

This report was posted on Ripoff Report on 02/24/2003 02:32 PM and is a permanent record located here: https://www.ripoffreport.com/reports/cross-country-bank/wilmington-delaware-19801/cross-country-bank-rip-off-corruption-wilmington-delaware-46755. 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. Ripoff Report has an exclusive license to this report. It may not be copied without the written permission of Ripoff Report. READ: Foreign websites steal our content

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