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Chairman says Hancock bank in sound fiscal shape

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By Katie Erdman

Hancock Record

Mark Leighton, Chairman of 1st American State Bank in Hancock, responded to an article published in the July 26 Minneapolis Star Tribune that focused on small banks in Minnesota that have a high percentage of bad Commercial Real Estate loans.

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In the article the Hancock bank was ranked No. 2 in the state with a 13.1 percent CRE loans to assets ratio.

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