Superintendent concerned about high number of 3-4-5 rated banks
Tom Gronstal, Iowa Superintendent of Banking, said the number of 3-rated banks is growing. “At the end of June, we were up to 49 banks that were rated 3, 4 or 5 in the state, of state charters. I am hoping we are coming to the peak of these numbers,” Gronstal said. “It appears to me from what I am getting out in the field and looking at examination reports that we might be . . .
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