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FDIC OIG says lax lending, poor risk management led to Iowa bank failure

American Banker

MARCH 22, 2024

The FDIC Office of Inspector General attributed the downfall of Citizens Bank in November 2023 to lax lending practices and risk mismanagement by the Lange family, causing a $14.8 million loss to the regulator's Deposit Insurance Fund. The OIG saw no grounds for a more extensive review.

FDIC 41
FDIC Risk Management Iowa Lending 41
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Who were ICBA’s Top Lenders of 2022?

Independent Banker

JUNE 30, 2022

Using FDIC data for 2021, we calculated a lender score out of 100 for each community bank. Iowa State Bank. Iowa Falls. United Bank of Iowa. But as they always do, they came through for individuals and businesses in their communities with a combination of personalized service and prudent risk management practices.

Community Bank 172
Community Bank Community National Philadelphia 172
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