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<p>[QUOTE="Good Cents, post: 8410509, member: 100720"]The courts will not give the contents of the safe deposit boxes to the failed bank's creditors. That said, if your bank goes under, it's probably a good idea to clear out the contents of your safe deposit box and find another one. Or you can wait to find out if another bank will take over that location, which is what usually happens. The court administering the closing of the defunct bank will mail you a notice informing you of your deadline for clearing out your safe deposit box. It will not take the contents even if the bank goes under.[/QUOTE]</p><p><br /></p>
[QUOTE="Good Cents, post: 8410509, member: 100720"]The courts will not give the contents of the safe deposit boxes to the failed bank's creditors. That said, if your bank goes under, it's probably a good idea to clear out the contents of your safe deposit box and find another one. Or you can wait to find out if another bank will take over that location, which is what usually happens. The court administering the closing of the defunct bank will mail you a notice informing you of your deadline for clearing out your safe deposit box. It will not take the contents even if the bank goes under.[/QUOTE]
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