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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