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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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Worthington City Council takes action on airport plan, water extension work


Assistant fire chief also recognized for receiving his certification in fire service leadership development training
12:00 pm, Apr. 13, 2021
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WORTHINGTON
The Worthington City Council approved Monday night a professional services work order to update the Worthington Municipal Airport master plan, an effort that will likely be funded by the Federal Aviation Administration.
Director of Public Works Todd Wietzema said a master services agreement was approved with Bolton and Menk nearly two years ago for identified airport projects. The firm subsequently proposed an update to the airport master plan, as the most recent major planning study for the airport was completed in 2003. Since then, the airport has made numerous improvements and the FAA has revised its planning policies. ....

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