Sections

Weather Forecast

Close
Advertisement
Midwest Bank President Stephen Daggett says that local banks are doing well amidst the financial crisis that has led to the collapse of several prestigous financial institutions.

Local banks doing well

Email News Alerts

The recent financial crisis was exacerbated over concerns that a $700 billion financial rescue package that would allow the federal government to buy mortgage-backed securities would not be passed by Congress.

Advertisement

Despite several large banks going under or being sold off, banks in Detroit Lakes are healthy, said one local bank president.

Midwest Bank's Stephen Daggett said that his institution has received calls from those worried about their deposits.

Are you a newspaper subscriber but you don't have a Digital Access account yet? https://secure.forumcomm.com/?publisher_ID=40&event=subscriber/lookup.

You will need your subscription account number and phone number. Not sure if you have an account? Email us at subscriberservices@forumcomm.com and we can help you.

Advertisement
Advertisement
randomness