While the condition of Iowa banks is generally strong, regulators worry about concentrations in commercial real estate and agricultural loans, in addition to liquidity and cybersecurity issues, representatives from the State of Iowa, the Federal Reserve Bank of Chicago, and the FDIC told bankers gathered in Okoboji on July 20 at the annual meeting of the Community Bankers of Iowa.
“Ag lending is the No. 1 thing that keeps me awake at night,” said James LaPierre, the FDIC interim Regional Director for the Chicago region. LePierre said that 60 percent of the 1,500 banks . . .
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