Brief rebellion led back to banking

In 1991, Paul Hoffmann was almost five years into his banking career ― and waist deep in a pile of Federal Reserve cash. The freshly hired Fed account manager was on an orientation tour of the old Fed building in Minneapolis when a transport stacked with bundles of currency tipped and nearly entombed the touring party. “We heard a guard saying ‘raise your hands and wade out through the money’ and I thought, is this really happening?”

Hoffmann recounted the experience from his office in Monona, Wis., where he is now president and CEO of Monona State Bank. This NorthWestern Financial . . .

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