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About a year ago I became co-trustee of a trust and a Southern Pacific Bank CD is one of the holdings. Since the CD is maturing this month I was looking on bankrate.com for good yields and I did notice SPB had a low star rating. Since the account was under 100k(but close) I wasn't worried about it, then I see this...

http://www.latimes.com/business/la-fi-rup8.2feb08,1,2894907.story?coll=la%2Dheadlines%2Dbusiness

What a shock! Well now I see the value of not going over the insurance limit!
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