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From: tplee@sftig.UUCP (T.P.Lee)
Newsgroups: net.followup
Subject: Re: WARNING!!! - Lincoln Federal Savings
Message-ID: <583@sftig.UUCP>
Date: Wed, 4-Sep-85 12:10:57 EDT
Article-I.D.: sftig.583
Posted: Wed Sep  4 12:10:57 1985
Date-Received: Thu, 5-Sep-85 09:48:26 EDT
References: <750@sabre.UUCP>
Distribution: net
Organization: AT&T Bell Laboratories, Summit, NJ
Lines: 16

NJ is one of those states that still have many relatively small
financial institutions around town.  The process of deregulation in
this financial service industry makes these smaller outfit difficult
to survive.  Imagine that these S&L has to serve many "small" accounts
while big money gets attracted by the Big institution, some from other
states.
Many people have predicted half of these banks/S&L will disappear through
buy-out and mergers in the next five years to achieve better scale of
economy.  It is unfortunate to see that we have to pay so much for many
small services.  Good old days are going away...
I am paying $3.00 for my finanicial institution (originally a brokerage
house) for their services including direct deposit of payroll and many
other goodies.

I guess $5.00 charge is a clear message to ask people
to put up more money or to get out.