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Justin Pritchard

Follow Up on a Failed Bank

By , About.com Guide   March 30, 2010

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About a year ago, the FDIC took control of the Bank of Clark County in Washington.

Chana Joffe-Walt painted a picture of the process and described what it's like for employees at the bank.  Last week, the Planet Money team revisited the story.

They catch up with a few characters from the Bank of Clark County.  We hear touching stories about building bonds while unwinding the bank and how a former employee landed on his feet.  It's a refreshing reminder that there are a variety of "bankers" out there.

We also learn that the Bank of Clark County did not just get dragged under due to a sour economy.  There were signs of trouble well before the failure, but employees allegedly created a separate set of records to keep problems hidden.

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