Harry's gang: How safe is your money?

 

March 17, 2023



Nothing strikes fear in a banker’s heart more than the words, “run on the bank.” It conjures up images of the Great Depression, the Great Recession, and Jimmy Stewart convincing his customers to believe in his savings and loan and stop taking all their money out, thus saving the bank and making a memorable classic movie.

Mark Lanigan, president of Cloquet-area Frandsen Bank and Trust, is one of our local Jimmy Stewarts (or, maybe more appropriately, one of our George Baileys). I had a chat with him after last week’s SVB bank failure, when just about every news story sought to explai...



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