On December 1999 my 18 year old daughter's savings account was closed at First Bank, McComb MS. She accidentally destroyed the check that was issued for the account balance. First Bank was notified of the incident and a branch manager informed her they could re-issue the check pending completion and return of an affidavit they would provide. Ten days later she was informed that the bank requires a 'Lost Instrument Bond' in exchange for the re-issuance. I've since spoken with a V.P. who insists this is their standard policy. I'm not convinced. I assert that the bond requirement has racial overtones. I charge that their is no such bank policy. Also, I find no reason why my child went from being a valued customer to being someone who is less than trustworthy. The bank confirms that the check has not been cashed. In addition, the V.P., Diane Griffin, has outright refused to pay interest on the monies being held by First Bank while this issue is being settled.
My daughter is being ripped off by First Bank in the form of costs associated with purchasing a bond they insist protects them from her and in lost interest on monies obtained from a life insurance policy for her fathers death.