Oil Patch banks scrambling as deposits outpace lending
Published 11/25/2012, Forum Communications
Lakeside State Bank was founded with $35,000 in capital when it opened in 1952 to serve a new town created to replace communities flooded by Garrison Dam’s reservoir. Flash forward 55 years, to 2007, when the bank’s deposits had grown, along with farming and energy in western North Dakota’s Mountrail County, to $47 million.Word count: 1257
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