Alaska banks appear to have avoided the crisis

Alaska Public Media

Published October 3, 2008 at 10:22 PM AKDT

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Banking officials in Alaska say their institutions are sound. Despite the national economic crisis, there have been no recent failures among Alaska banks. Industry representatives say, that’s because their companies have largely stayed away from the risky practices that have caused huge problems elsewhere in the country.Matt Lichtenstein, KFSK - PetersburgDownload audio