If This Story Doesn't Catch Your Attention, Nothing Will -- A Banking Story, Not a Bakken Story

Link here.

This bank is voluntarily closing its doors because the federal government feels its loans are too risky: to hometown dentists, small businesses, etc. Whether you like banks or hate banks, this story has a message.

The bank wrote off 1.25% of its loans last year, well below the industry average. This "small" bank made $11 million last year. But the Feds thought it too risky. Read the story. You may agree. Not.

The good news: the "bank" will open its doors under new business plan, won't call itself a bank, and will get backing from one of the founders of Microsoft.

Interesting story. Thank goodness for the internet.