I wanted to write more about the problems a financial institution faces when using a name similar to someone else. Even when you’re on opposite sides of the country, who wants to explain that “It wasn’t us who got seized.” But I decided against it because, ultimately, what is a financial institution supposed to do? Change names just because there’s a chance that a similarly-named FI might be seized? Just not enough relevance there. But it’s an interesting story just the same.

Thanks for your suggestion.

[Editor's Note: The headline on the last link at the bottom of this article was changed from "Mistaken Identity" to "Similar Name, Different Bank" per Mark's suggestion. See comment (below).]