Anyone else use Humboldt Bank - GoFuckYourself.com

venus · 07-25-2008, 10:47 PM

ANyone using Humboldt bank?
they were just seized by the Feds and sold to mutual of omaha....I know alot of people use them for merchant accounts

Robbie · 07-25-2008, 10:51 PM

Where are you getting this information?

Robbie · 07-25-2008, 10:52 PM

I just searched CNN.Com and couldn't find anything.

venus · 07-25-2008, 10:53 PM

Humboldt Merchant Services (HMS) is wholly owned and backed by First National Bank Holding Company. First National Bank is a premier, privately owned bank holding company with Midwest values and work ethics. The entire First National Bank organization celebrates its accomplishments and looks forward to building a "heritage" history based on dedication, service and loyalty to customers, associates and to the communities in which they do business.

--------------

On July 25, 2008, First National Bank of Nevada, Reno, Nevada was closed by the Office of the Comptroller of the Currency (OCC). Subsequently the Federal Deposit Insurance Corporation (FDIC) was named Receiver.No advance notice is given to the public when a financial institution is closed. On June 30, 2008, First National Bank of Arizona, Scottsdale, Arizona, merged with First National Bank of Nevada and is included in this action.

All deposit accounts have been transferred to Mutual of Omaha Bank, Omaha, Nebraska. For more information on Mutual of Omaha Bank visit us atwww.mutualofomahabank.com

The FDIC has assembled useful information regarding your relationship with First National Bank. Besides a checking account, you may have Certificates of Deposit, a business checking account, a Social Security direct deposit,and other relationships with the institution. Please select the link below to read more about this event:

FDIC Bank Closing Information for First National Bank of Nevada

Continue on to the former First National Bank of Arizona

BobG · 07-25-2008, 10:54 PM

http://news.google.com/news?q=mutual...-revision&cd=1

venus · 07-25-2008, 10:54 PM

go to humboldt merchant services site, then click on the link for their parent bank.. you will get the Fed notice
http://www.hbms.com/

Robbie · 07-25-2008, 11:14 PM

Uh-oh I'm screwed.

SteveLightspeed · 07-25-2008, 11:16 PM

Quote:

Originally Posted by Robbie

Uh-oh I'm screwed.

Our merchant account is with Humboldt also, I'd love to hear what Mitch from NetBilling has to say about this before I start to worry.

venus · 07-25-2008, 11:23 PM

I ICQ'd Mitch but have not heard back from him yet... I am going to just watch and see if my deposits are being made from my humboldt account to my bank of america business account as usual...the website says things will operate as if it was not closed or something to that effect.

Quote:

Originally Posted by SteveLightspeed

Our merchant account is with Humboldt also, I'd love to hear what Mitch from NetBilling has to say about this before I start to worry.

Robbie · 07-25-2008, 11:32 PM

Quote:

Originally Posted by SteveLightspeed

Our merchant account is with Humboldt also, I'd love to hear what Mitch from NetBilling has to say about this before I start to worry.

and of course they did it on Friday so nobody can do anything until monday

MikeB · 07-25-2008, 11:43 PM

Quote:

Originally Posted by Robbie

and of course they did it on Friday so nobody can do anything until monday

That's how takeovers are done.

Robbie · 07-25-2008, 11:47 PM

Well, I guess on Monday I'll either breath a sigh of relief or blow my fucking brains out. What the hell...I guess I better do some heavy drinking this weekend. I'm gonna need it either way.

DateDoc · 07-25-2008, 11:53 PM

It looks like the bank was taken over by the FDIC and immediately bought buy Mutual of Omaha. It says on the popup notice that all accts have been transfered to Mutual of Omaha but it does not look like it went into a full on receivership by the FDIC which would have only insured acct holders to 100k.

DateDoc · 07-25-2008, 11:57 PM

This is what they say about 1st natl of NV, which is also 1st national of AZ as they merged, on the mustual of omaha site:

Quote:

What will happen to my account?
Nothing. Every dollar you have on deposit at this bank is still here, still available to you at any time.

http://www.mutualofomahabank.com/nevada/faqs.html

Evil E · 07-25-2008, 11:58 PM

I hope that everything is ok for you guys!

Robbie · 07-26-2008, 12:02 AM

Too late I already committed suicide. Damn it. If I had only waited...

spunkmaster · 07-26-2008, 04:14 AM

The odds are that Mutual of Omaha Bank will be sending out the "We Cannot Process for You Anymore" letters to the high risk merchants soon.

BluMedia · 07-26-2008, 04:17 AM

Was anyone else missing their daily eft from Humboldt on Friday? I only got reserves and Discover on Friday.

Thanks,
Mark

Tat2Jr · 07-26-2008, 04:19 AM

Hope everyone is ok, and don't have to scramble for new accounts.

After Shock Media · 07-26-2008, 04:28 AM

For a long time they really were the "it" or only bank you could deal with in the US. Not sure how many more have opened up since then either.

This has me very worried and has ruined my weekend and more than likely then some until we all know for sure.

BluMedia · 07-26-2008, 04:59 AM

Not sure if he knows about this but I left Mitch a voice mail, email and icq.

Mark

After Shock Media · 07-26-2008, 05:01 AM

Quote:

Originally Posted by BluMedia

Not sure if he knows about this but I left Mitch a voice mail, email and icq.

Mark

Oh I am fairly sure all those methods have been blown up by now

He may actually awake tomorrow by someone knocking on his door.

BluMedia · 07-26-2008, 05:05 AM

Quote:

Originally Posted by After Shock Media

Oh I am fairly sure all those methods have been blown up by now

He may actually awake tomorrow by someone knocking on his door.

Hehe very true. This news was posted maybe 2 hours ago, is that correct? I am sure he would of posted something about it if he knew.

Mark

BluMedia · 07-26-2008, 05:07 AM

Here is the message from Mutual Of Omaha bank....

We want you to know that this transition will be seamless and effortless for you. There's nothing for you to do right now - none of your accounts or benefits have changed. All locations will be open for regular business hours on Monday and you can continue to use your ATM card and online banking services.

After Shock Media · 07-26-2008, 05:10 AM

Quote:

Originally Posted by BluMedia

Hehe very true. This news was posted maybe 2 hours ago, is that correct? I am sure he would of posted something about it if he knew.

Mark

Actually about 10:30pm (pst) yesterday to be more on point which is closer to 7 hours ago. Though I am sure even if he knew then he could not post much of anything as I doubt even he would have any more info than what we have now, nor will I expect anything until monday at the earliest.

cherrylula · 07-26-2008, 05:15 AM

ouchie, crossing my fingers on this one

Due · 07-26-2008, 05:49 AM

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

webmasterchecks · 07-26-2008, 06:08 AM

Quote:

Originally Posted by BluMedia

Hehe very true. This news was posted maybe 2 hours ago, is that correct? I am sure he would of posted something about it if he knew.

Mark

if anyone in this biz will take care of you, its mitch and netbilling, give him some time, its very early on a sat, although i obviously understand the concern, there is a reason you guys went with somebody trustworthy.

what i heard happened with humbolt, at least the catalyst, was they were over the % limit of high-risk transactions in their portfolio, and that started their problems. banks can only have a certain % of high risk transactions compared to their lower risk (point of sale terminals for restaurants, for instance)

Barefootsies · 07-26-2008, 06:34 AM

Quote:

Originally Posted by DateDoc

It looks like the bank was taken over by the FDIC and immediately bought buy Mutual of Omaha. It says on the popup notice that all accts have been transfered to Mutual of Omaha but it does not look like it went into a full on receivership by the FDIC which would have only insured acct holders to 100k.

Interesting.

.... and I wonder just WHICH connected people to the government own part of Mutual of Omaha. I am sure there are some sweet back alley deals rolling on this shit.

NETbilling · 07-26-2008, 08:33 AM

Hi,

We are awaiting details and will let everyone know. However, right now things are operating as usual.

Mitch

DateDoc · 07-26-2008, 08:34 AM

Quote:

Originally Posted by Barefootsies

Interesting.

.... and I wonder just WHICH connected people to the government own part of Mutual of Omaha. I am sure there are some sweet back alley deals rolling on this shit.

I think it has more to do with the fact that Mutual of Omaha Bank is backed by the Mutual of Omaha Insurance Company which gives it more solvency than other choices. Besides if the FDIC had wanted to it could have just shut it down and then everyone with more than 100k would be screwed.

NETbilling · 07-26-2008, 08:52 AM

I just had a phone meeting with HBMS.

Business is as usual right now and Mutual of Omaha is the sponsoring bank at this time for HBMS. I will post more details later.

Mutt · 07-26-2008, 09:02 AM

CCBILL and Epoch have accounts with Humboldt?

GetSCORECash · 07-26-2008, 09:06 AM

Quote:

Originally Posted by NetBilling

Hi,

We are awaiting details and will let everyone know. However, right now things are operating as usual.

Mitch

That's good to know, but do keep an ear on this, if Merchant accounts need to be changed over.

corvette · 07-26-2008, 09:11 AM

Quote:

Originally Posted by Mutt

CCBILL and Epoch have accounts with Humboldt?

humbolt is not one of ccbills banks

After Shock Media · 07-26-2008, 09:12 AM

Quote:

Originally Posted by Mutt

CCBILL and Epoch have accounts with Humboldt?

I seem to recall my ccbill checks drawn on BOFA accounts. Though I know that can very well mean jack shit when it comes to who the merchant account holding bank is.

This shit has me so damn nervous. Must force myself to get some sleep.

After Shock Media · 07-26-2008, 09:13 AM

Quote:

Originally Posted by corvette

humbolt is not one of ccbills banks

One small sigh of relief. Ok a large one, yet I know I have many sponsors who do use humbolt and I have lots of rebills with them.

Biggy · 07-26-2008, 09:14 AM

Is everyone getting their daily payments?

I'm pretty sure we are, so that at least has to get a good sign, but I will need to confirm with my bookkeeper come Monday.

Jon Clark - BANNED FOR LIFE · 07-26-2008, 09:52 AM

This whole industry will be on its knees very soon!

IllTestYourGirls · 07-26-2008, 10:09 AM

Quote:

Originally Posted by Barefootsies

Interesting.

.... and I wonder just WHICH connected people to the government own part of Mutual of Omaha. I am sure there are some sweet back alley deals rolling on this shit.

The failing of these banks will show which banks/companies are closest to the FED. We already knew JP was now we know Omaha is. Transfer of wealth before our eyes.

Panic of 2008.

NETbilling · 07-26-2008, 10:50 AM

Quote:

Originally Posted by SCORE-Cash

That's good to know, but do keep an ear on this, if Merchant accounts need to be changed over.

Hi,

I just had a meeting with Ken Musante - The President of HBMS. He assured me it is business as usual. I will be releasing a newsletter to all of our merchants today.

Processing, settlements and deposits are going through as normal.

Thank you

tranza · 07-26-2008, 10:55 AM

Never heard about them before...

mailman · 07-26-2008, 11:02 AM

business as usual or not its still uneasy when changes like this go down!..

Defiance Inc · 07-26-2008, 11:03 AM

Same thing happened to First National Bank of Arizona

http://www.azcentral.com/news/articl...ional0726.html

sltr · 07-26-2008, 11:16 AM

any merchant account holders reading this thread have a cb reserve?

just curious.

i know i don't.

MediumPimpin · 07-26-2008, 12:56 PM

Quote:

Originally Posted by sltr

any merchant account holders reading this thread have a cb reserve?

just curious.

i know i don't.

I do 75k

pornguy · 07-26-2008, 01:31 PM

This could get damn nasty.

Humboldt Denise · 07-26-2008, 02:20 PM

I know everyone is panicing....

I can not express enough "BUSINESS is as USUAL"

Please feel free to contact me directly or email me at
[email protected] or [email protected]

Your merchant account will not be affected. Your reserves are fine, your processing is fine and your deposits will remain fine.

Later today there will be there will be a press release posted on our site.

Once again your merchant account is not affected.

Denise Cassatt
VP/Director of High Risk Sales
Humboldt Merchant Services

BluMedia · 07-26-2008, 02:27 PM

Thanks Denise for the post.

Mark

frankfortuna · 07-26-2008, 02:29 PM

Mutual of Omaha is not known for carrying a high risk portfolio. If I were a Humboldt customer, I would make a move ASAP.

07-25-2008, 10:47 PM	#1
venus Confirmed User Industry Role: Join Date: Jan 2003 Location: Phoenix, Az Posts: 3,112	Anyone else use Humboldt Bank ANyone using Humboldt bank? they were just seized by the Feds and sold to mutual of omaha....I know alot of people use them for merchant accounts __________________ Muscle/Fitness Adult Affiliate Program Since 1997 www.venuscash.com

07-25-2008, 10:51 PM	#2
Robbie Leaner, Meaner, Faster Industry Role: Join Date: Aug 2002 Location: Vegas Posts: 20,958	Where are you getting this information? __________________ -Robbie ClaudiaMarie.Com

07-25-2008, 10:52 PM	#3
Robbie Leaner, Meaner, Faster Industry Role: Join Date: Aug 2002 Location: Vegas Posts: 20,958	I just searched CNN.Com and couldn't find anything. __________________ -Robbie ClaudiaMarie.Com

07-25-2008, 10:53 PM	#4
venus Confirmed User Industry Role: Join Date: Jan 2003 Location: Phoenix, Az Posts: 3,112	Humboldt Merchant Services (HMS) is wholly owned and backed by First National Bank Holding Company. First National Bank is a premier, privately owned bank holding company with Midwest values and work ethics. The entire First National Bank organization celebrates its accomplishments and looks forward to building a "heritage" history based on dedication, service and loyalty to customers, associates and to the communities in which they do business. -------------- On July 25, 2008, First National Bank of Nevada, Reno, Nevada was closed by the Office of the Comptroller of the Currency (OCC). Subsequently the Federal Deposit Insurance Corporation (FDIC) was named Receiver.No advance notice is given to the public when a financial institution is closed. On June 30, 2008, First National Bank of Arizona, Scottsdale, Arizona, merged with First National Bank of Nevada and is included in this action. All deposit accounts have been transferred to Mutual of Omaha Bank, Omaha, Nebraska. For more information on Mutual of Omaha Bank visit us atwww.mutualofomahabank.com The FDIC has assembled useful information regarding your relationship with First National Bank. Besides a checking account, you may have Certificates of Deposit, a business checking account, a Social Security direct deposit,and other relationships with the institution. Please select the link below to read more about this event: FDIC Bank Closing Information for First National Bank of Nevada Continue on to the former First National Bank of Arizona __________________ Muscle/Fitness Adult Affiliate Program Since 1997 www.venuscash.com

07-25-2008, 10:54 PM	#6
venus Confirmed User Industry Role: Join Date: Jan 2003 Location: Phoenix, Az Posts: 3,112	go to humboldt merchant services site, then click on the link for their parent bank.. you will get the Fed notice http://www.hbms.com/ __________________ Muscle/Fitness Adult Affiliate Program Since 1997 www.venuscash.com

07-25-2008, 10:54 PM	#5
BobG Confirmed User Join Date: Nov 2003 Location: San Diego Posts: 4,274	http://news.google.com/news?q=mutual...-revision&cd=1

07-25-2008, 11:14 PM	#7
Robbie Leaner, Meaner, Faster Industry Role: Join Date: Aug 2002 Location: Vegas Posts: 20,958	Uh-oh I'm screwed. __________________ -Robbie ClaudiaMarie.Com

07-25-2008, 11:47 PM	#12
Robbie Leaner, Meaner, Faster Industry Role: Join Date: Aug 2002 Location: Vegas Posts: 20,958	Well, I guess on Monday I'll either breath a sigh of relief or blow my fucking brains out. What the hell...I guess I better do some heavy drinking this weekend. I'm gonna need it either way. __________________ -Robbie ClaudiaMarie.Com

07-25-2008, 11:53 PM	#13
DateDoc Outside looking in. Industry Role: Join Date: Feb 2005 Location: To Hell You Ride Posts: 14,243	It looks like the bank was taken over by the FDIC and immediately bought buy Mutual of Omaha. It says on the popup notice that all accts have been transfered to Mutual of Omaha but it does not look like it went into a full on receivership by the FDIC which would have only insured acct holders to 100k. __________________

07-25-2008, 11:58 PM	#15
Evil E Confirmed User Join Date: Apr 2005 Location: Lazyness is a lifestyle Posts: 3,201	I hope that everything is ok for you guys! __________________ A girl once told me "Give me 8 inches and make it HURT". So, I fucked her twice and hit her with a brick.

07-26-2008, 12:02 AM	#16
Robbie Leaner, Meaner, Faster Industry Role: Join Date: Aug 2002 Location: Vegas Posts: 20,958	Too late I already committed suicide. Damn it. If I had only waited... __________________ -Robbie ClaudiaMarie.Com

07-26-2008, 04:14 AM	#17
spunkmaster Confirmed User Join Date: Jan 2004 Posts: 2,052	The odds are that Mutual of Omaha Bank will be sending out the "We Cannot Process for You Anymore" letters to the high risk merchants soon. __________________

07-26-2008, 04:17 AM	#18
BluMedia Confirmed User Industry Role: Join Date: Dec 2002 Location: Colorado Posts: 3,972	Was anyone else missing their daily eft from Humboldt on Friday? I only got reserves and Discover on Friday. Thanks, Mark __________________ IntenseCash - If you can't convert us then you might want to look for a new job . BrokeStraightBoys.com converting 1:124 stats counted by Nats

07-26-2008, 04:19 AM	#19
Tat2Jr Confirmed User Join Date: Feb 2001 Location: Sunny California Posts: 4,882	Hope everyone is ok, and don't have to scramble for new accounts. __________________ NICHE MONEY >> Ass Worship • Panties • Solo Teen • Pantyhose Serving up exclusive fetish sites since 1997!

07-26-2008, 04:28 AM	#20
After Shock Media It's coming look busy Join Date: Mar 2001 Location: "Ph'nglui mglw'nafh Cthulhu R'lyeh wgah'nagl fhtagn". Posts: 35,299	For a long time they really were the "it" or only bank you could deal with in the US. Not sure how many more have opened up since then either. This has me very worried and has ruined my weekend and more than likely then some until we all know for sure. __________________ [email protected] ICQ:135982156 AIM: Aftershockmed1a MSN: [email protected]

07-26-2008, 04:59 AM	#21
BluMedia Confirmed User Industry Role: Join Date: Dec 2002 Location: Colorado Posts: 3,972	Not sure if he knows about this but I left Mitch a voice mail, email and icq. Mark __________________ IntenseCash - If you can't convert us then you might want to look for a new job . BrokeStraightBoys.com converting 1:124 stats counted by Nats

07-26-2008, 05:07 AM	#24
BluMedia Confirmed User Industry Role: Join Date: Dec 2002 Location: Colorado Posts: 3,972	Here is the message from Mutual Of Omaha bank.... We want you to know that this transition will be seamless and effortless for you. There's nothing for you to do right now - none of your accounts or benefits have changed. All locations will be open for regular business hours on Monday and you can continue to use your ATM card and online banking services. __________________ IntenseCash - If you can't convert us then you might want to look for a new job . BrokeStraightBoys.com converting 1:124 stats counted by Nats

07-26-2008, 05:15 AM	#26
cherrylula lol Industry Role: Join Date: Jan 2002 Posts: 15,969	ouchie, crossing my fingers on this one

07-26-2008, 05:49 AM	#27
Due Confirmed User Industry Role: Join Date: Mar 2001 Location: Murrieta, CA Posts: 3,620	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 __________________ I buy plugs Skype: Due_Global /Due

07-26-2008, 08:33 AM	#30
NETbilling Confirmed User Industry Role: Join Date: Jan 2002 Location: Huntington Beach, CA Posts: 8,573	Hi, We are awaiting details and will let everyone know. However, right now things are operating as usual. Mitch __________________ Mitch Farber CEO - NETbilling, Inc. Email / Phone: 888-357-8166 / 661-252-2456 Transaction processing & 24/7 call center services with exceptional rates and flexibility, since 1998!

07-26-2008, 08:52 AM	#32
NETbilling Confirmed User Industry Role: Join Date: Jan 2002 Location: Huntington Beach, CA Posts: 8,573	I just had a phone meeting with HBMS. Business is as usual right now and Mutual of Omaha is the sponsoring bank at this time for HBMS. I will post more details later. __________________ Mitch Farber CEO - NETbilling, Inc. Email / Phone: 888-357-8166 / 661-252-2456 Transaction processing & 24/7 call center services with exceptional rates and flexibility, since 1998!

07-26-2008, 09:02 AM	#33
Mutt Too lazy to set a custom title Industry Role: Join Date: Sep 2002 Posts: 34,431	CCBILL and Epoch have accounts with Humboldt? __________________ I moved my sites to Vacares Hosting. I've saved money, my hair is thicker, lost some weight too! Thanks Sly!

07-26-2008, 09:14 AM	#38
Biggy Confirmed User Join Date: Jul 2001 Posts: 1,595	Is everyone getting their daily payments? I'm pretty sure we are, so that at least has to get a good sign, but I will need to confirm with my bookkeeper come Monday.

07-26-2008, 09:52 AM	#39
Jon Clark - BANNED FOR LIFE North Coast Pimp Join Date: Dec 2005 Location: 304-534-757 Posts: 9,395	This whole industry will be on its knees very soon!

07-26-2008, 10:55 AM	#42
tranza ICQ: 197-556-237 Join Date: Jun 2003 Location: BRASIL !!! Posts: 57,559	Never heard about them before... __________________ I'm just a newbie.

07-26-2008, 11:02 AM	#43
mailman Confirmed User Industry Role: Join Date: Mar 2001 Location: Ontario, Canada Posts: 6,311	business as usual or not its still uneasy when changes like this go down!..

07-26-2008, 11:03 AM	#44
Defiance Inc Confirmed User Industry Role: Join Date: Apr 2008 Location: Phoenix Posts: 142	Same thing happened to First National Bank of Arizona http://www.azcentral.com/news/articl...ional0726.html __________________

07-26-2008, 11:16 AM	#45
sltr Confirmed User Join Date: Dec 2002 Posts: 3,191	any merchant account holders reading this thread have a cb reserve? just curious. i know i don't.

07-26-2008, 01:31 PM	#47
pornguy Too lazy to set a custom title Industry Role: Join Date: Mar 2003 Location: Homeless Posts: 62,912	This could get damn nasty. __________________ PornGuy skype me pornguy_epic AmateurDough The Hottes Shemales online! TChicks.com \| Angeles Cid \| Mariana Cordoba \| MAILERS WELCOME!

07-26-2008, 02:20 PM	#48
Humboldt Denise Registered User Join Date: Jan 2007 Posts: 7	Humboldt Merchant Services I know everyone is panicing.... I can not express enough "BUSINESS is as USUAL" Please feel free to contact me directly or email me at [email protected] or [email protected] Your merchant account will not be affected. Your reserves are fine, your processing is fine and your deposits will remain fine. Later today there will be there will be a press release posted on our site. Once again your merchant account is not affected. Denise Cassatt VP/Director of High Risk Sales Humboldt Merchant Services __________________ Humboldt Merchant Services Denise Cassatt VP/Director of High Risk Sales 877-318-6722[FONT="Arial Black"][/FONT]

07-26-2008, 02:27 PM	#49
BluMedia Confirmed User Industry Role: Join Date: Dec 2002 Location: Colorado Posts: 3,972	Thanks Denise for the post. Mark __________________ IntenseCash - If you can't convert us then you might want to look for a new job . BrokeStraightBoys.com converting 1:124 stats counted by Nats Last edited by BluMedia; 07-26-2008 at 02:29 PM..

07-26-2008, 02:29 PM	#50
frankfortuna Confirmed User Join Date: Aug 2002 Posts: 1,504	Mutual of Omaha is not known for carrying a high risk portfolio. If I were a Humboldt customer, I would make a move ASAP.