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Home >> Checks/Money Orders >> Checks You Received
Bank Takeover Causes Problem with Check
How can I get payment on an old uncashed bank-issued check? The bank has been taken over by another bank, which claims no responsibility for paying the check from the previous bank. Funds are not in unclaimed funds from the state. How can I get these funds?
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 As a general rule, when one bank takes over another, whether it's through merger or other types of acquisition, the combined institution assumes all of the liabilities of the acquired bank. A definitive answer cannot be given without knowing more about the check, the circumstances of its issuance, how old it is, and the reason that the surviving bank believes it has no responsibility for paying it. You can find out which of the federal financial institution regulatory agencies is the bank's primary federal regulator and file a complaint, or talk to an attorney who can advise you on whether you have a legal claim against the surviving bank.
To find out which regulator to contact, use the FDIC's Bank Find webpage. When you have found the bank in question, you'll see on its description the name of the regulator and a link where consumers can lodge a complaint with that regulator.
Published on BankingQuestions.com 4/20/09
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