Hat Tip Americablog - Countrywide Bank in LA is experiencing a run.

Anxious customers of Countrywide Bank jammed its phone lines, branches and website after the nation's largest mortgage lender -- which owns the bank -- announced it was facing problems from a credit meltdown.

"Countrywide Financial Corp., the biggest home-loan company in the nation, sought Thursday to assure depositors and the financial industry that both it and its bank were fiscally stable," wrote the LA Times Friday. "And federal regulators said they weren't alarmed by the volume of withdrawals from the bank."

"The rush to withdraw money -- by depositors that included a former Los Angeles Kings star hockey player and an executive of a rival home-loan company -- came a day after fears arose that Countrywide Financial could file for bankruptcy protection because of a worsening credit crunch stemming from the sub-prime mortgage meltdown," the paper continued.

Y'know, the FDIC only insures the first $100,000 in a bank. If you have more, you'll lose the excess if the bank goes under. And it can take some time to get the money, even if you are fully insured. Bank runs aren't entirely irrational, even today, for all that I'm sure Bernanke will run the presses hot rather than allow any major bank to fail.