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A small Iowa bank, Prairie Bank, under Federal Reserve scrutiny

Financial regulators are increasing scrutiny of a small bank in northwest Iowa.
The agreement includes a promise that the bank s board of directors will do a better job of staying on top of the institution s finances. In particular, the board must keep tabs on how Iowa Prairie Bank manages potentially risky investments. This will include a written plan from the board for effective and timely grading of (the) Bank s loan portfolio.
The agreement does not go into detail about what exactly went wrong at Iowa Prairie Bank.
The bank s president, Steven Harns, did not return multiple calls or an email seeking comment. Iowa Division of Banking Superintendent Jeff Plagge said regulators cannot disclose any findings, except for what is in the written agreement. ....

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Federal Reserve Board issues enforcement actions with Yellowstone Bank and Iowa Prairie Bank

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Media ownership in Australia is one of the most concentrated in the world (Learn more). Since the trend of consolidation is and has historically been upward, fewer and fewer individuals or organizations control increasing shares of the mass media in our country. According to independent assessment, about 98% of the media sector is held by three conglomerates. This tendency is not only totally unacceptable, but also to a degree frightening). Learn more here ....

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