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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 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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Credit union membership, lending up in Q2

Abrigo

Last week the NCUA reported that the total number of credit union members had surpassed the 101 million mark, and overall lending was up as of the close of Q2. Total lending at federally-insured credit unions reached $745.2 Auto lending has been an area of growth for credit unions over the last several quarters. billion, up 3.9

Lending 150
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Cornerstone CU in Iowa Partners with Marketplace Lender

American Banker

Cornerstone Community Credit Union in Des Moines, Iowa, has partnered with the online marketplace lender LendingPoint to provide loan products for its members that struggle to qualify for traditional financing.

Iowa 28
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Sizzle Or Fizzle: Facebook, Online Lending, Cash – And The Twilio Surge

PYMNTS

This week it was Minnesota, and then yesterday Walmart really got warmed up and announced the expansion of their new payments service in: Michigan, Virginia, the Carolinas, Indiana, Iowa, Kentucky, Nebraska, North Dakota, South Dakota, Tennessee, Louisiana, Missouri, Mississippi and Washington, D.C. Online lending .

Lending 101
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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. Memorial Day signified the beginning of summer in many parts of the country, and the slow but steady reopening of business activity in the wake of the coronavirus pandemic.

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.