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Article #21300

Re: Fight B of A grab for more money

#21300
From: Robert L. McMillin
Date: Sat, 01 Oct 1994 15:39
54 lines
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On 30 Sep 1994 14:09:22 PST, helfman@aerospace.aero.org (Robert S. Helfman) said:

> In article <RLM.94Sep30092425@helen.surfcty.com> rlm@helen.surfcty.com (Robert L. McMillin) writes:
>> ... Unfortunately, thanks to contractions and mergers in
>> financial services, BofA is frequently the only bank available in many
>> neighborhoods.  I don't use them.  I recommend to anyone in search of a
>> good place to put their money that they put their money elsewhere.

> God, Robert, we finally agree on something. I was a Sec.Pac. customer 
> 'till they got swallowed. I gave up on BofA  when I kept finding more
> and more Versatellers closed at preposterously early hours - like 7 pm
> on La Brea near Beverly (in the heart of the Orthodox Jewish neighborhood -
> not exactly your basic dangerous area), 10 pm at the Baldwin Hills
> Crenshaw Plaza mall near my house, etc. etc. 

Well, I would have placed the Orthodox Jewish neighborhood closer to
Fairfax and Melrose, but that's neither here nor there, as it were.

> I've been very happy with Wells Fargo, thank you. Damn I never thought
> I'd miss a BANK, but I miss SecPac.

Yeah, well... I belong to a credit union, and only wish I could tell
others to join, but thanks to the rules, I can't...  I've had, on the
whole, great service from them, something I cannot say for anyone I
know who uses BofA.  My parents didn't like BofA when I was a kid --
Mom had a short-lived account there at one time, I recall.  Each time
I hear something about BofA's treatment of their customers, it only
confirms that low opinion.  BofA continues to exist because it
attracts so much in the way of commercial deposits.

One odd thing is that, for a bank that has all this money coming in
and going out, they can't keep their branches looking spiffy.  An
example of what I mean is the Torrance Hawthorne/Sepulveda branch:
it's the only bank office I've ever seen that looks just plain shabby
and worn out, dirty carpet everywhere, banged up desks with chips of
cheap laminate broken off revealing naked particleboard, office chairs
with a noticeable starboard list, and on.

My girlfriend is looking to change from BofA, too... the headaches
just keep growing.  She would like to put her money into a small,
well-run bank (like Long Beach's Farmers & Merchants, which only buys
high-grade government paper and hardly makes loans to its depositors
at all), but it seems to me better to go to someone like Wells Fargo
or a Home Savings that has a few branches... F&M only has three
offices, so unless you spend a lot of time in Long Beach, it doesn't
make sense.  Any suggestions?
-- 
Robert L. McMillin  | rlm@helen.surfcty.com | Netcom: rlm@netcom.com
      Ein Volk, Ein Reich, Ein Bubba!  |  Jail to the Chief!

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References: <creemerCwwIDA.EBo@netcom.com> <RLM.94Sep30092425@helen.surfcty.com> <36i2ai$pf1@news.aero.org>

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From: rlm@helen.surfcty.com (Robert L. McMillin)
Subject: Re: Fight B of A grab for more money
In-Reply-To: helfman@aerospace.aero.org's message of 30 Sep 1994 14:09:22 PST
References: <creemerCwwIDA.EBo@netcom.com> <RLM.94Sep30092425@helen.surfcty.com>
 <36i2ai$pf1@news.aero.org>
Sender: rlm@helen.surfcty.com (Robert L. McMillin)
Organization: Surf City Software/TBFW Project
Date: Sat, 1 Oct 1994 15:39:33 GMT
Message-ID: <RLM.94Oct1083933@helen.surfcty.com>
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