The Friday April 23 Obituary Notices page in the San Jose Mercury News contained the names and descriptions of the lives of the departed whose ages ranged from thirty-five to ninety-three. In the lower right-hand corner, there was a two-column by five-inch-deep advertisement that described another death — that of the Innovative Bank of Oakland, California. It seems they, too, got into trouble with their home loans and on April 16 the California Department of Financial Institutions closed them down and appointed the FDIC as receiver. To protect depositors, the FDIC entered into a Purchase and Assumption Agreement with Center Bank of LA. Seemingly so far, so good for depositors, and that’s how it usually ends up with former customers of one bank becoming customers of the new bank for as long as they like. However, Center Bank adds in their ad ”You must take some action to claim ownership of your deposits by October 16, 2011” or “your deposits will be returned to the FDIC.” LA — the City of Angles.
The Secret to a Long Life
Adam Cintz, the remarkable man who is approaching his 100th birthday (see April 17 post), was recently asked, “What is your secret to living a long life?” Without hesitation he replied, “Don’t die.”