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.
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