Frontier Bank, Brad's employer, ceased to exist at 6:00 yesterday evening. Reborn at 6:01 as Union Bank, thanks to the FDIC, it feels a little bit like the government believes in reincarnation. Think about it: one moment a struggling, local community bank gasps for breath, making every conceivable attempt to save itself, and the next it's suddenly part of a huge, multi-billion dollar, interstate financial corporation with ties to Tokyo.
OK, maybe that's not technically reincarnation. I don't think the Buddhists believe that one soul is merged with a larger, more powerful soul to become someone exponentially greater. But you can see how it feels a little like a reincarnation, can't you?
Now Brad is an "interim employee" of Union Bank for around 90 days while he waits to see if he's offered a permanent position. Fortunately his salary will stay the same for now, but he'll have no vacation or sick time. We should hear about health insurance in a conference call today.
To be honest, we're both glad this finally happened. Ever since the "great recession" began, banks have been either bailed out or forced out. Frontier did not receive any money from T.A.R.P. so we knew a bail out wasn't going to happen. It's been a waiting game ever since, always with the hope that an investor would step in, but with the growing suspicion that a take over was imminent.
Now that episode of the waiting game is over, and hopefully the next will be short. I'm really not that worried, maybe because I try not to think about it too much, but I know we've always made it in the past. Brad's very smart and good at what he does and he's always been able to provide for our family. We know that we're doing what we need to on our end, paying tithing, serving, trying to be good parents, preparing for the future, all that good stuff, so as long as we do our best, the rest is in God's hands (or Union Bank's, hopefully with some divine intervention!).
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