From CNN:
The FDIC said the takeover of the failed banks was the least costly resolution and all depositors --
including those with funds in excess of FDIC insurance limits -- will switch to Mutual of Omaha with "the full amount of their deposits."
So seems no money is lost, chargeback reserves could have been a problem for a lot of merchant account holders!
I would suggest merchants with CB reserve accounts with 100K or more to look for some additional insurance or at least verify how you are coverred!
It is typical smaller banks that goes down, it is also typical smaller banks that give out high risk merchant accounts
