With all of the financial turmoil in the credit markets, how can I evaluate how susceptible my bank is to failure?
If you have financial and analytical skills, you can evaluate any insured bank based on information they file every quarter with the FDIC. Any bank you are looking at should offer deposit insurance, so it will be listed.
The FDIC allows you to input some information to narrow down the exact bank. You do this at BankFind, on the FDIC's website. The result will allow you to click on a link taking you to the financial history for the bank. If you are not comfortable analyzing the financials, contact a CPA. You wouldn't be the first to do this.
While on the FDIC's website, you can verify the status of your deposits to verify that they are all insured. There is an Electronic Deposit Insurance Estimator (EDIE) to assist you. If you have uninsured deposits, determine if you want to keep them there (referring to the analysis above) or move them to another institution. Each separate chartered bank is individually insured.
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If you have financial and analytical skills, you can evaluate any insured bank based on information they file every quarter with the 