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Local banker says they have the capital to weather commercial loan decline
Posted By admin On @ 5:19 am In Today's Local News | Comments Disabled
Almost a third of Iowa's banks reported two percent or more of their loans as non performing last quarter. That's a mark not seen in more than 15 years. Federation Bank President Dale Torpey says his institution is among those feeling the sting of the commercial loan market. He says while there is some trouble, they have plenty of capital to weather it. He also says Their portfolio is diverse enough to keep them protected.
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