Regulator says losses on trucking industry loans led to Iowa bank’s closure

State Banking Superintendent Jeff Plagge says the Sac City bank he declared insolvent on Friday had heavy losses on some of its loans to commercial trucking firms. “This (bank) had a segment of a business line that actually was outside of not only their geographic territory of where the bank is located, but in some […]

View Full Story

Share:

More

Local News