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| Yup, sure looks like prior charge offs had them up against it. No question regulators would have been pushing for them to sell a year or two ago if not longer. Guessing no one was interested after looking at their loan book.
Not a lot of banks out there with less than $10 million in capital. That would be tough due to lending limits and lots of participations I bet on overlines.
A lot of small banks "for sale" are price fishing. In this environment, a merger may make more sense than an acquisition if trying to conserve capital and serious about consolidating. | |
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You NW Iowa farmers borrowing too much money for land and
