Rumors that swirled back in August that troubled bank National City was shopping its Allegiant funds were all but forgotten recently as firms with bigger problems stole the spotlight, buts times are changing.

Now with the all the other larger banks and investment firms with rumored problems all but wiped out, regional banks like National City have nowhere left to hide. As the Dow plunged to the bottom Monday afternoon, National City's shares plunged more than 50 percent, setting off rumors that it was the next bank to fail.

If the bank is taken over by the FDIC as Wachovia was earlier on Monday, Allegiant may be sold off. 

Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE