Posted 11/3/2023 21:39 (#10468014 - in reply to #10467990) Subject: RE: You NW Iowa farmers borrowing too much money for land and
S Illinois
News reports say it was due to loan losses not previously identified by the bank from a "concentration of out-of-territory and out-of-state loans to one industry". Are you sure your not the one with some explaining to do?
I kid.
Sounds like a case of a large borrower "owning" the bank due to loan size and undisclosed losses.