From Butch Cassidy to Bonnie and Clyde, bank robbers have always had a pop culture mystique. But bank robberies are no Hollywood story for bank employees and customers, whose safety and even lives are put at risk when a thief robs a bank branch.
But before the advent of the FBI and robust state police forces, bank robberies were often handled by sometimes ill-equipped local law enforcement. In Indiana in the 1920s, bankers took the protection of their banks into their own hands. In the latest episode of the ABA Banking Journal podcast – sponsored by IntraFi network — Josh Myers of the Indiana Bankers Association discusses:
- The challenge that robbery posed to banks in the 1920s.
- How the IBA provided bank employees with weapons, as well as training on how to use them safely.
- The partnership between the “Indiana Militia” and law enforcement.
- Stories and anecdotes from this unusual chapter in banking history.
If you don’t see the audio player above, Click here to listen to this week’s episode.
This episode is sponsored by IntraFi network.
In this episode: