Iowa - Community Banking Brief

Iowa bank is fifth failure this year

American Banker

NOVEMBER 6, 2023

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

Iowa Community Bank Community Lending

VizyPay carves out a niche catering to rural America

Payments Dive

MAY 11, 2022

Austin Mac Nab, the CEO and cofounder of Waukee, Iowa-based payments processing firm VizyPay, said the company aims to disrupt the payments landscape by catering to small town businesses.

Iowa

Iowa Austin America Payments

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

ABA Community Banking

MARCH 4, 2020

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

Iowa Regulation Community Bank Policies

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Breaking New Ground: Managing Innovation Fatigue With Effective Automation

Top 3 Secrets to Staying Relevant with Gen Z

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Iowa State Fair will require vendors to accept both cards and cash

Payments Source

FEBRUARY 19, 2019

In the tug-of-war over merchants refusing either cash or cards embroiling local governments in New Jersey, New York City and Philadelphia, the Iowa State Fair is taking the middle ground. Beginning next year, all fair vendors will be required to accept cash, cards and contactless payments through First Data’s Clover devices.

Iowa

Iowa New York City New Jersey Philadelphia

Plagge Appointed Superintendent of Iowa Division of Banking

ABA Community Banking

JULY 1, 2019

Kim Reynolds announced today that former ABA Chairman Jeff Plagge, president and CEO of Northwest Financial Corporation in Arnolds Park, has been appointed superintendent of the Iowa Division of Banking. The post Plagge Appointed Superintendent of Iowa Division of Banking appeared first on ABA Banking Journal.

Iowa

Iowa Leadership Community Bank Policies

Libertyville Savings Bank Offers Kasasa Products In SE Iowa

BankDeals

MARCH 5, 2021

Libertyville Savings Bank offers its competitive checking accounts (Kasasa Cash,and Kasasa Cash Back) and Kasasa Saver savings accounts in southeast Iowa.

Iowa

The Secret History of a Small Town Gas Station and the Lifelong Fintech Lesson It Taught Me

Jack Henry

DECEMBER 21, 2020

If you find yourself in Cedar Falls, Iowa, head to First Street and pop into The Music Station. And yes, if you're a Jack Henry customer, you might find yourself in Iowa. After all, Cedar Falls is the birthplace of the Banno Digital Platform. So what is this mysterious gas station?

Iowa

Iowa Maine Fintech

One year after SVB collapse, updates on the 5 bank failures of 2023

American Banker

MARCH 12, 2024

Silicon Valley Bank, Heartland Tri-State and Citizens Bank in Sac City, Iowa, were among bank failures in 2023. What's changed since?

Iowa

Iowa Fintech

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

American Banker

MARCH 9, 2020

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

Iowa Regulation Community Bank Community

Dwolla to Exit Consumer Space, Focus on API Offerings

Bank Innovation

NOVEMBER 11, 2016

As the Des Moines, Iowa-based company put it in a blogpost: Dwolla is no longer Read More. Dwolla, one of the elder statesmen of the fintech startup world, announced today it will leave the consumer space and focus on its offerings for businesses. The change will take place soon — Dec.

Iowa

Iowa Fintech Company Online

MidWestOne to exit Florida by selling branches to credit union

American Banker

SEPTEMBER 25, 2023

The Iowa-based bank says its two branches in Naples and Fort Myers were too small a presence to be competitive, so it decided to sell them to DFCU Financial.

Iowa

Iowa Florida

CEO of Iowa's largest credit union retires

American Banker

SEPTEMBER 13, 2023

Jeff Disterhoft, 56, has left GreenState Credit Union after 24 years as its chief executive.

Iowa

Iowa bank names a New York banker as CEO

American Banker

DECEMBER 20, 2023

Lincoln Savings Bank has tapped Sean Willett, chief administrative officer at Financial Institutions, as its next leader after a six-month search.

Iowa

Iowa New York Community Bank Community

Iowa Banks CBI, MidWestOne Strike Branch Deal

American Banker

MAY 10, 2016

CBI Bank & Trust in Muscatine, Iowa, said Tuesday that it has agreed to buy a branch in Davenport, Iowa, from MidWestOne Bank in Iowa City.

Iowa

Iowa Community Bank Community Strategy

Dwolla adds debit push payments, years after faster-ACH push

Payments Source

SEPTEMBER 16, 2020

Iowa-based fintech Dwolla, which spent most of the last decade touting various alternative ACH-powered faster payments approaches, is adding the more mainstream option of debit push payments in its latest iteration.

Iowa

Iowa Payments Fintech Cards

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

FDIC Risk Management Iowa Lending

GreenState Credit Union pledges $500M toward racial equity efforts

American Banker

JANUARY 25, 2021

The Iowa-based institution hopes the funds can help narrow the racial homeownership gap in the state, which is believed to be among the worst in the nation.

Iowa

Iowa National

Peoples Bank's Kasasa Cash Available In Iowa And Missouri

BankDeals

JUNE 26, 2020

Peoples Bank's (IA/MO) Kasasa Cash currently earns 3.505 APY on qualifying balances up to $20k. Kasasa Saver earns 1.00% APY on qualifying balances up to $20k.

Missouri

Missouri Iowa

First State Bank Nebraska Offers Multi-State Rewards Checking Account

BankDeals

SEPTEMBER 4, 2020

First State Bank Nebraska offers its First Rate Checking with competitive rates to residents of Colorado, Iowa, Kansas, Missouri, Nebraska, South Dakota, and Wyoming.

Nebraska

Nebraska South Dakota Wyoming Iowa

How a Small Iowa Institution Became The Bank Powering Big Fintech Apps

The Financial Brand

APRIL 22, 2019

The post How a Small Iowa Institution Became The Bank Powering Big Fintech Apps appeared first on The Financial Brand. A 117-year-old community bank serves as the back-end for fintechs like Square Cash and Acorns, fueling growth while keeping its roots intact.

Iowa

Iowa Fintech Community Bank Community

SENB Bank's Kasasa Cash Available in IA, IL, and WI

BankDeals

DECEMBER 11, 2020

SENB Bank offers its Kasasa Cash checking account and the companion Kasasa Saver savings account to residents of Illinois, Iowa, and Wisconsin.

Iowa

Iowa Wisconsin Illinois

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

Banking Exchange

JUNE 10, 2021

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

Community Bank

Community Bank Community Iowa Tennessee

Farmers Bank Offers Top-Rate Kasasa Cash In 7 States

BankDeals

JUNE 25, 2020

Farmers Bank's (IA) Free Kasasa Cash (3.00% APY, up to $25k) is available to residents of Illinois, Iowa, Minnesota, Missouri, Nebraska, South Dakota, and Wisconsin.

South Dakota

South Dakota Nebraska Iowa Wisconsin

Cornerstone CU in Iowa Partners with Marketplace Lender

American Banker

FEBRUARY 23, 2016

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

Iowa Community Online Lending

BaaS Specialist Moov Lands $5.5m Investment

Banking Exchange

AUGUST 25, 2020

Iowa-based fintech Moov Financial is to expand its engineering team and accelerate product development after landing $5.5 million from investors Management Feature Feature3.

Iowa

Iowa Fintech Management

Heartway to Buy Peoples State Bank in Iowa

American Banker

JUNE 6, 2016

in Wayland, Iowa, has agreed to buy Peoples State Bank in Winfield, Iowa. Heartway Bancorp.

Iowa

Iowa Community Bank Community Strategy

First National Bank (IA) Has Competitive Rewards Checking

BankDeals

JULY 27, 2020

Available in nine northeast Iowa counties. First National Bank's Premier Rewards checking account currently earns a competitive rate on qualify balances up to $20k.

National

National Iowa

Iowa credit union buying community bank to enter Minnesota

American Banker

DECEMBER 6, 2022

(..)

Iowa

Iowa Minnesota Community Bank Community

Ascentra Credit Union CEO dead at 52

American Banker

NOVEMBER 17, 2020

Dale Owen began his career at the Bettendorf, Iowa-based institution in 1999 and took over as chief executive in 2013.

Iowa

Heartland in Iowa to Buy Founders in California

American Banker

OCTOBER 31, 2016

Heartland Financial in Dubuque, Iowa, has agreed to buy Founders Bancorp in San Luis Obispo, Calif.

Iowa

Iowa California CA Community Bank

Acquisitive Heartland in Iowa Set to Raise $54 Million

American Banker

NOVEMBER 2, 2016

Heartland Financial in Dubuque, Iowa, is looking to raise $53.5 million through a public offering.

Iowa

Iowa Community Bank Community Strategy

QCR Raises $30 Million to Help Buy Iowa Bank

American Banker

MAY 23, 2016

has agreed to buy Community State Bank in Ankeny, Iowa. QCR Holdings in Moline, Ill.,

Iowa

Iowa Community Community Bank Strategy

Heartland in Iowa Exits Small Business Lending Fund

American Banker

MARCH 17, 2016

Heartland Financial USA in Dubuque, Iowa, has exited the Small Business Lending Fund.

Iowa

Iowa Lending Regional National

Second Google Lawsuit May Be Filed Next Month By State AGs

PYMNTS

NOVEMBER 23, 2020

The states involved include Colorado, Iowa, Nebraska, New York, North Carolina, Tennessee, and Utah, according to Reuters. The group is sometimes referred to as the Colorado/Nebraska group and has said it could combine its case with the larger one from the The Department of Justice (DOJ).

Google

Google Nebraska Colorado North Carolina

1 st National Bank Offers Multi-State FNB Cash Checking

BankDeals

MAY 15, 2020

1 st National Bank offers its FNB Cash Checking (2.50% APY, up to $35k) in Iowa, Minnesota, North Dakota, South Dakota, and Wisconsin.

South Dakota

South Dakota North Dakota National Iowa

MidWestOne to buy Iowa First Bancshares

American Banker

NOVEMBER 2, 2021

(..)

Iowa

Iowa Community Bank Community

Transactions: TS Banking Group selects Temenos Banking Cloud

BankInovation

JUNE 22, 2022

Iowa-based TS Banking Group has selected Temenos Banking Services delivered on the Temenos Banking Cloud for “a complete digital transformation.” TS Banking Group will migrate “the entirety of its banking operations” to Temenos’ platform, the bank holding company said in a release.

Groups

Groups Iowa US Operations

Dupaco Community Credit Union Has Competitive 15-Month CD Rates

BankDeals

AUGUST 9, 2021

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.

Community

Community Iowa

Connecticut AG Launches Antitrust Probe Into Amazon’s eBook Business

PYMNTS

JANUARY 14, 2021

Google is also being investigated by attorneys general from several states, including California, Arizona, Colorado, Iowa, Nebraska, New York, North Carolina, Tennessee and Utah. The tech giant is also being probed by China.

eBook

eBook Connecticut North Carolina Nebraska

Iowa credit union's takeover of two banks riles industry

American Banker

MAY 25, 2021

(..)

Iowa

Iowa Industry Strategy

Frontier Bank's Big Deal Cash Checking Available In Five States

BankDeals

NOVEMBER 16, 2020

Frontier Bank's Big Deal Cash checking and its companion Big Deal Saver savings account is available online in Iowa, Minnesota, Nebraska, North Dakota, and South Dakota.

South Dakota

South Dakota North Dakota Nebraska Iowa

MidWestOne in Iowa hires outsider as next president

American Banker

JULY 7, 2020

Len Devaisher once served as a regional executive for Old National Bancorp.

Iowa

Iowa Regional National Community Bank

First State Bank of Forrest Kasasa Cash Available In IL and IA

BankDeals

JUNE 5, 2020

Available in Illinois and Iowa. First State Bank of Forrest's Free Kasasa Cash checking account currently earn 2.25% APY on qualifying balances up to $25k.

Iowa

Iowa Illinois

Here Is Some Insight If You Should Open Or Close Branches?

South State Correspondent

JANUARY 7, 2015

When it comes to states, Puerto Rico is underbanked with more than nine thousand people per branch, while Iowa is the most overbanked state at basically one branch for every thousand persons. ' China and India, of course, are very underbanked by that measuring stick, while Spain and Italy are extremely overbanked.

Puerto Rico

Puerto Rico Iowa United States Course

Iowa bank is fifth failure this year

VizyPay carves out a niche catering to rural America

Webinars

Trending Sources

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

Webinars

Iowa State Fair will require vendors to accept both cards and cash

Plagge Appointed Superintendent of Iowa Division of Banking

Libertyville Savings Bank Offers Kasasa Products In SE Iowa

The Secret History of a Small Town Gas Station and the Lifelong Fintech Lesson It Taught Me

One year after SVB collapse, updates on the 5 bank failures of 2023

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

Dwolla to Exit Consumer Space, Focus on API Offerings

MidWestOne to exit Florida by selling branches to credit union

CEO of Iowa's largest credit union retires

Iowa bank names a New York banker as CEO

Iowa Banks CBI, MidWestOne Strike Branch Deal

Dwolla adds debit push payments, years after faster-ACH push

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

GreenState Credit Union pledges $500M toward racial equity efforts

Peoples Bank's Kasasa Cash Available In Iowa And Missouri

First State Bank Nebraska Offers Multi-State Rewards Checking Account

How a Small Iowa Institution Became The Bank Powering Big Fintech Apps

SENB Bank's Kasasa Cash Available in IA, IL, and WI

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

Farmers Bank Offers Top-Rate Kasasa Cash In 7 States

Cornerstone CU in Iowa Partners with Marketplace Lender

BaaS Specialist Moov Lands $5.5m Investment

Heartway to Buy Peoples State Bank in Iowa

First National Bank (IA) Has Competitive Rewards Checking

Iowa credit union buying community bank to enter Minnesota

Ascentra Credit Union CEO dead at 52

Heartland in Iowa to Buy Founders in California

Acquisitive Heartland in Iowa Set to Raise $54 Million

QCR Raises $30 Million to Help Buy Iowa Bank

Heartland in Iowa Exits Small Business Lending Fund

Second Google Lawsuit May Be Filed Next Month By State AGs

1 st National Bank Offers Multi-State FNB Cash Checking

MidWestOne to buy Iowa First Bancshares

Transactions: TS Banking Group selects Temenos Banking Cloud

Dupaco Community Credit Union Has Competitive 15-Month CD Rates

Connecticut AG Launches Antitrust Probe Into Amazon’s eBook Business

Iowa credit union's takeover of two banks riles industry

Frontier Bank's Big Deal Cash Checking Available In Five States

MidWestOne in Iowa hires outsider as next president

First State Bank of Forrest Kasasa Cash Available In IL and IA

Here Is Some Insight If You Should Open Or Close Branches?

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