Move Your Money


Today was the dawn of a new day for me. It was the day I said something with the money that I have. I took the leap and left my big bank for a hometown community bank.

Now your probabaly saying to yourself now hold on Mike, why would you do that and why are you here talking about it? Well for a couple reasons really and I’m here to talk about it simply because I feel this message needs to be spread. We all can take action with our money, no matter how much or how little we have.

I have been a big bank customer for seven years. For the most part, I’ve never really had any problems. Easy access to my bank twenty four seven is one of the many reasons I opened my accounts there in the first place. However, in most recent years, they have decided thier not going to appreciate my business. Any problems I had, I simply had to live with.

Well, I wasn’t going to stand for this. Not a minute longer. The thoughts kept racing through my head how even more recently the execs that asked for taxpayer money to help bail thier bank out, just raked in some pretty hefty profits, not to mention bonuses. I kept thinking to myself “My hard earned taxpayer money, the money I worked for, went to go help someone else who in turn just put it in their own pockets and became richer??” Oh, that was the last straw for me.

I happily walked into the big bank today to close out my accounts. When I walked in I went to go see a branch manager. I simply asked her if I would be able to close out my account. Do you know what her response was? “Sure not a problem!” with a smile too!!!! I was absolutely appauled. I couldn’t believe a bank I’ve been so loyal too would just have no problem closing my accounts, not even asking me why! Then, if that wasn’t enough, once they were closed out, here was the last response I got “Thanks, have a great day!” again with a smile!!!

Well, of course thier smiling. Thier raking in millions of dollars from hard working taxpayers like us who are helping to bail them out, only for them to go ahead and pocket that money. I’m happy to be with my community bank. It’s not run by any shareholders. Only a board of directors with less than 10 branches. Sure, the conviences I’ve come to expect from the larger bank aren’t all there, but here’s what it really boils down to: Do I want my money going to greedy people or do I want it representing the people who live where I live and are looking to actualy help out the community rather than be extremely greedy. I have voted with my money…

I’m keeping you in suspense about all the positives that happened when I walked into my community bank. Keep your eyes out for part two!

-Michael A. Valletta
Follow Mike on Twitter! @MikeValletta

Comments
2 Responses to “Move Your Money”
  1. Pablo says:

    Hmmm nice post, was all new to me this but started reading a little more on it with the trusty google, interesting :)

    I also run a good site, the Money Blog at ntgworld, its a way to make money online and share your experiences with others. We also cover things like SEO, wordpress, tutorials, savings and so on… oh and did I mention it was all free?

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  1. [...] with many people trading info and stories about local banks. Ditto Twitter. Here’s one post we found there from the blog “Through the Eyes of Mike Anthony.” Today was the dawn [...]



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