FCNB, First Consumers National Bank rip-off Portland Oregon

I have two credit cards from FCNB: one is a MasterCard which is a secure credit card, on which I have deposited $200 in order to get it, it has been with me for about two years, and I have been paying it without any delays, the other card is a SPIEGEL card, and I have been using it for about three years, I have been paying it with no delays, or any other problems.

Last month I received a letter from FCNB regarding the MasterCard, they said it is closed, and I must pay the remaining balance on a monthly basis, as usual. Also they said on this letter that their decision was based on a Business Problem they have and not because of my credit rating....(where is my $200 deposit?, where is my interest earned on this deposit?)

Today, I received a similar letter from the same bank, about my SPIEGEL Charge card, the account is closed because Spiegel has decided not to honor any card from FCNB....

I decided to come to the internet today, and search, just to find out what is going on with this FCNB bank, and here I am, with some other customers with the same problem!!!!

My question is: is the FCNB in bankrupcy? chapter 11? should we pay?

Jesse
Siloam Springs, Arkansas
U.S.A.