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ND's banking boom: Oil Patch banks scrambling as deposits outpace lending

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FARGO -- Lakeside State Bank's origins trace back to a three-bedroom home with an attached vault in newly organized New Town on the shore of Lake Sakakawea.

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The bank was founded with $35,000 in capital when it opened in 1952 to serve a new town created to replace communities flooded by Garrison Dam's reservoir.

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