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Research: N.D. has 13 of safest banks in U.S.

Published 08/15/2012, The Jamestown Sun

North Dakota has 13 of the nation’s safest banks, a financial research and publishing company said. StreetAuthority LLC, which has offices in Austin, Texas, and Gaithersburg, Maryland, said it evaluated more than 7,300 banks nationwide using a measuring tool that considers a bank’s reserves against loan losses and the number of loans it has that aren’t being repaid. The tool has been used to predict bank failures, the company said.

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