Our Bank Bought Out

[Anonymous]

Hi folks. So we just recieved notice in the mail today. One of our primary banks, Northwest Savings Bank (maryland branches) were bought out buy Shore United Bank. I've never heard of this bank, but went to the website and it does not make me feel confident is staying with them. Does anyone here have any knowledge or experience with them? Either to ease my mind or start moving things now. Just trying to to get more info.

It should be noted, finding a new primary won't be too hard, I have separate accounts at penfed and navy as well as ally which is already a joint account.

Thanks for replys.

[Guyatthebeach]

When my bank got bought out years ago, I switched banks because they closed the branch by my house.

i have had no dealing with Shore United, but I have heard good things about their mortgage department. A friend of my has his mortgage with them. When his wife passed away, he got a mortgage modification lowering his interest for the life of the loan. They were very helpful to him through out the entire mod process.

Give them a try and see how it goes. If you're not happy, find a better bank.