Living in the Napa Valley, one can easily become lost in its charm and lose track of all the events that are taking place elsewhere in the United Sates and the world, for it is a true enclave we live in here. As I sit in my office and look outside at the vineyards surrounding Domaine Chandon, the brilliant sunlight reflecting off the lingering frost from a very chilly night, it is easy to think you are close to heaven. But, then an article in our local paper, The Napa Register, sure brings reality of the times back into focus.
The headline read, “Regulators shut down Charter Oak Bank“. Here are some paragraphs from the story:
State regulators closed Charter Oak Bank on Friday evening and appointed the Federal Deposit Insurance Corp. as receiver.
“Charter Oak Bank was declared insolvent at 5:05 p.m. today,” Edith Gray, spokeswoman with the FDIC said Friday, as she stood outside the bank’s Trancas Street office.
On Friday afternoon, more than 60 FDIC representatives wearing FDIC name tags and carting large plastic cases entered Charter Oak Bank to process the transition. FDIC staff will be matched with former Charter Oak bank employees to help complete the transition, Gray said.
I truly appreciate living here but one of the most important things to remember, we are all fortunate in many ways and how vital it is to live the present and be thankful for what we have. Carpe Diem