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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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Settlement in Iowa resolves dispute over bank-credit union branch deal

American Banker

First American Bank agreed to cover costs incurred by the Iowa Division in Banking, while the regulator made it clear that the accord would not set a precedent for future credit union-bank deals.

Iowa 39
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Iowa regulators put the kibosh on credit union's bank branch purchase

American Banker

This is the second time this year regulators have halted a credit union-bank deal. The state's Division of Banking, led by a former bank CEO and trade group chief, blocked GreenState CU's move to buy seven branches from First American Bank.

Iowa 31
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Community Banks and Our Retirement Problem

Jeff For Banks

I recently read a report by the US Senate Committee on Health, Education, Labor and Pensions titled The Retirement Crisis and a Plan to Solve It , led by Senator Tom Harkin (D: Iowa). government controlled or heavily regulated. government controlled or heavily regulated. that reads. that reads. The only other sharing (i.e.

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First, Walk In My Shoes

Independent Banker

It’s yet another fiasco of meddlesome overregulation that could have been avoided, says Becky Miller, vice president and compliance officer for the $90 million-asset Farmers Trust and Savings Bank in Williamsburg, Iowa. Whoever proposes any new regulations should first have to personally apply their proposals in a real-world bank setting.