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Iowa bank is fifth failure this year

American Banker

Months prior to its failure, Citizens Bank in Sac City had entered into a consent order with the Federal Deposit Insurance Corp. and the Iowa Division of Banking due to problems in its portfolio of commercial trucking loans.

Iowa 87
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Community Banks Debut FinTech Alliance

PYMNTS

Alloy’s Julieann Thurlow, CEO of Reading Cooperative Bank, said, “Community banks play a special role in the lives of our customers, but we don’t have the same IT and innovation budgets as the big banks to capitalize on that relationship.” This time around, Sweetbridge is using blockchain in a lending context.

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Who were ICBA’s Top Lenders of 2022?

Independent Banker

The Peoples Bank helped the Jones family of Legacy Dairy in Hiseville, Ky., From left, Ally Jones; bank chairman, president and CEO Terry L. Last year, community bank loan producers were faced with both record-low interest rates and a glut of deposits. Ag lending in the South: Relationships matter. By Ed Avis.

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Podcast: Supporting Small Business Cashflows in the COVID Recovery

ABA Community Banking

Iowa Superintendent of Banking Jeff Plagge offers ideas for long-term solutions to get struggling businesses back on their feet after the lockdown. The post Podcast: Supporting Small Business Cashflows in the COVID Recovery appeared first on ABA Banking Journal.

Iowa 64
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CFPB announces new appointments to advisory groups

CFPB Monitor

The CFPB has announced the appointment of new members to its Consumer Advisory Board, Community Bank Advisory Council, Credit Union Advisory Council, and Academic Research Council. Community Bank Advisory Council Members. Ballard, Vice President and Director, First Iowa State Bank, Albia, IA.

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Agricultural Alert!

Independent Banker

million farms and the community banks that lend to them each growing season, Scanlan points out. Community banks also are likely to see increased regulatory scrutiny of agricultural loans this year. Other changes in rural loan programs are affecting community banks. Ongoing concerns. Mitchell, Ky.

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Banking's Top 5 in Total Return to Shareholders: 2019 Edition

Jeff For Banks

It is the Mountlake Terrace, Washington holding company for 1st Security Bank, a $1.7 billion in assets community bank with 22 branches that encircle the Seattle Sound. It is the $888 million holding company for Plumas Bank. The bank operates thirteen branches, eleven in northern California and two in Nevada.

Indiana 78