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Recession put banks at forefront, but despite tough times, local community banks are still faring well


WILLMAR -- When the Federal Deposit Insurance Corp. issued its first-quarter report last month on bank performance, some of the news was concerning.

The number of banks in distress is on the rise, and some analysts predict that a handful of community banks in Minnesota might fail by the end of 2009.

Despite tough times in the banking industry, however, the majority of the state's community banks -- including those in this region -- are faring relatively well.

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Anne Polta

Anne Polta covers health care, business/economic development and general assignment. Her HealthBeat blog can be found at Follow her on Twitter at @AnnePolta.

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