What happens if, in this economy, the bank closes? Can I get my stuff out of the safe deposit box?
In most of the recent bank failures, the closed banks were taken over by stronger banks, and safe deposit access continued just as it did under the former bank ownership. There have been a couple of exceptions, and in those cases the FDIC (insured banks) or NCUA (insured credit unions) contacts the safe deposit box renters to notify them of dates and times that boxes can be accessed. Their goal in such cases is to get the owners' property removed before the bank real estate is sold.
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In most of the recent bank failures, the closed banks were taken over by stronger banks, and safe deposit access continued just as it did under the former bank ownership. There have been a couple of exceptions, and in those cases the 