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Deputy Commissioner Kevin Murphy of the Minnesota Commerce Department tells a Minnesota Senate committee Tuesday that 71 banks in the state are being watched closely to make sure they remain viable. Don Davis/Minn. State Capitol Bureau

71 Minnesota banks closely watched

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ST. PAUL -- Regulators are working with 71 of 426 Minnesota-based banks to make sure they do not fail, but bank and credit union officials say they are not risking customers' money.


"It's just a matter of prudent lending and risk management," Noah Wilcox Tuesday told the state Senate Commerce and Consumer Protection Committee.

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Don Davis
Don Davis has been the Forum Communications Minnesota Capitol Bureau chief since 2001, covering state government and politics for two dozen newspapers in the state. Don also blogs at Capital Chatter on Areavoices.