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Iowa ranked as the healthiest banking state in the United States

Howard Hagen Iowa Banking Law Dickinson Law Des Moines, Iowa

Posted on 09/09/2016 at 02:16 PM by Howard Hagen

Money-rates.com analyzed the banks as a group in each of the 50 states. Iowa was rated #1.

As the article declared: “You may not think of Iowa as a major banking center, but with over 300 banks based in the state, it is home to the fourth-greatest number of banks of any state. Like most states, Iowa's banking market is shrinking, though at a slower rate than the national average. Iowa's tier 1 financial leverage is slightly better than the average state's, and it has the fourth-lowest percentage of non-current loans.”

It confirms what a lot of Iowa bankers  have thought for a long time. Competition and strong state & federal regulation make a positive difference. In this particular statewide contest, all of Iowa prevails.

The material in this blog is not intended, nor should it be construed or relied upon, as legal advice. Please consult with an attorney if specific legal information is needed. 

Categories: Banking Law, Howard Hagen

 

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