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Saturday, June 15, 2013

How refusing a $0.50 parking validation cost a bank a $1M depositor

In 1989, a bank-teller at the Old National Bank in Spokane, WA refused to validate the $0.50 parking stub of a shabbily dressed man who'd come in to cash a check. That shabbily dressed man was John Barrier, a 30-year customer of the bank with more than $1 million on deposit; which he promptly withdrew and took to Seafirst Bank, down the street.

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