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De Omnibus Dubitandum - Lux Veritas

Tuesday, February 12, 2013

The Bakken Shale Oil Boom Floods Rural Banks With Cash

By Anastasia Ustinova on February 07, 2013
In his office on the second floor of a glass-encased building on North Main Street in Watford City, N.D., Stephen Stenehjem rolls out a map of a proposed multimillion-dollar residential development and shakes his head in disbelief. “My dad would have been very pleased,” says Stenehjem, a third-generation banker and the chief executive officer of First International Bank & Trust. “For 25 years, our focus as a community bank was to help keep our small town alive. So it has been really fun to see this oil come back.”  To Read More….

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