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One Person at the Branch
Answer by Jim Bedsole, BOL Guru
Guru Bios
Question: Is it legal to leave one person to run a branch with the door open?
Answer: Legal? Maybe, maybe not. Safe? Absolutely NOT!
Let's deal with legal first. You might want to look at provisions of the Bank Protection Act of 1968 which require banks to adopt appropriate security procedures to discourage robberies, burglaries, and larcenies, and to assist in the identification and prosecution of persons who commit such acts. This statute is the basis for each of the regulatory agency's requirements regarding bank security programs.
Let's talk about safety. In May, 2003, a branch of Blue Ridge Savings Bank in Greer, NC, was robbed and the single employee of the branch and two customers who were present were all shot and killed during the robbery. Additional information, and information about subsequent lawsuits against the bank, the holding company, and the NC legislator who owned the holding company can be found here.
First published on BankersOnline.com 4/21/08
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