Cash Contents of Wisconsin Bank Vault Destroyed in Flood

Recent flooding destroyed all the cash in the vault of a southeastern Wisconsin bank.

Fox River State Bank president Keith Polleck refused to disclose how much money was ruined, but said the Federal Reserve will have to replace every dollar.

Polleck told WISN-TV that the vault at the bank in Burlington, 35 miles (55 kilometers) 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 (53 centimeters) deep inside the facility.

Now that the river is back below flood stage, restoration crews have started to clean up. Carpets have been ripped out. Drywall is being replaced. The bank’s documents are drying, though most are backed up electronically.