I understand that EBS are in the process of looking for a buyer.
Can layman's terms anyone tell me what happens to my savings in EBS in the event of this happening considering it is not really a bank and it's "owned" by it's customers?
i.e - is the buyer obligated to to honour all deposits at full value or could I end up losing some money?
Obviously since the buyer is not yet know I'm just looking for a general-type answer