They may have not known a thing. Over Easter weekend heard the tale on a smaller scale. Family member has a $15M line at a Harris Bank (BMO) after they bought M&I. Been there for 20 years, good credit, no issues. Line is used for payables and they just increased him from $10M three months ago due to expansion in his business, plan to double in size.
Guy he deals with called him on Friday, appologizing but they were pulling the entire line not just the expansion but their risk guys called and wanted it in. Not due to his fault, issue, etc, he had just signed with contrustion company and was shopping for new trucking equipment. Spent all weekend freaking out.
For most small companies I cannot figure out why anybody does business with these big guys. I rather be in a community bank at a slightly higher rate but with similar fees and a less liklihood of some guy 1000 miles away cutting me off at the knees.