Flooding Destroys All Wisconsin Bank's Cash

Bank's president says the Fed has to replace it
By Newser Editors and Wire Services
Posted Jul 19, 2017 1:17 AM CDT
Flooding Destroys All Wisconsin Bank's Cash
Flooding left the Fox River bank with an undisclosed amount of cold, wet cash.   (AP Photo/Alexandre Meneghini)

Flooding last week destroyed all the cash in the vault of a southeastern Wisconsin bank. Fox River State Bank president Keith Polleck won't disclose exactly how much money was ruined, but he says the Federal Reserve will have to replace every dollar, the AP reports. Polleck toells WISN-TV that the vault at the bank in Burlington, 35 miles southwest of Milwaukee, is water-resistant but not waterproof. As the Fox River rose above flood stage, water flooded the bank, rising up to 21 inches deep inside the facility. Now that the river is back below flood stage, restoration crews have started to clean up. The bank's documents are drying, though most are backed up electronically. (More flooding stories.)

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