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Iowa bank is fifth failure this year

American Banker

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

Iowa 87
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Community Bank Consolidation Accelerates: Simmons First National in $277M Double Buy in Tennessee

Banking Exchange

Two community banks snapped by Simmons, while Illinois’ Heartland Bank looks to push into Iowa Community Banking Feature3 Feature Management M&A.

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Iowa Bank Regulator Blocks Credit Union Acquisition of Bank Assets, Branches

ABA Community Banking

The Iowa Division of Banking on Monday blocked the sale of First American Bank’s remaining Iowa-based assets and branches to Green State Credit Union, a $5.8 billion institution based in Iowa City. The post Iowa Bank Regulator Blocks Credit Union Acquisition of Bank Assets, Branches appeared first on ABA Banking Journal.

Iowa 97
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Market your community bank with first-party data

Independent Banker

Community banks own an enviable amount of data, but not all are leveraging it to its fullest extent. By Mindy Charski People share important data about themselves with their community bank in myriad ways. Data about existing customers can even help community banks improve their efforts to find new customers.

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Community Banks Debut FinTech Alliance

PYMNTS

To that end, news came earlier this week in the United States that a dozen community and regional banks have formed a group aimed at exploring the opportunities amid FinTech offerings. Among the names joining up are Citizens & Northern Bank (based in Pennsylvania), Inland Bank (Illinois) and Lincoln Savings Bank (Iowa).

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A community bank-fueled payments rail

Independent Banker

A secure, open-loop, cost-saving, customer-accessible, multiplatform P2P payments network might sound too good to be true, but community bank consortium Alloy Labs Alliance hopes to achieve just that with the CHUCK payment rail. A different kind of peer-to-peer payment service is now available, “built by community banks for community banks.”.

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Dupaco Community Credit Union Has Competitive 15-Month CD Rates

BankDeals

The 15-month Jumbo Share Certificate Special offered by Iowa-based Dupaco Community Credit Union has been part of the product line for three years, albeit periodically.