'09 Failure Total Rises to 89 After Five More Collapses

Federal and state regulators shut five banks in Iowa, Missouri, Arizona and Illinois late Friday, raising the number of failures this year to 89.

First Federal in Iowa Gets Capital Deadline

Federal regulators have given the struggling First Federal Bankshares in Sioux City, Iowa, until the end of September to raise the capital levels at its Vantus Bank unit.

Capital-Strapped Iowa Bank to Lose CEO After Short Tenure

First Federal Bankshares Inc. in Sioux City, Iowa, is running out of time to raise capital, and now it also needs to find a chief executive.

West Bancorp., Set to Post Loss, Searches for New CEO

As it prepares to report an anomalous quarterly loss, West Bancorp. Inc. in West Des Moines is searching for a new chief executive officer.

Securities Downgrades Prove Painful

Trust-preferred hits aggravating some capital requirements

The last thing a community bank suffering from bad loans needs is a downgrade on its investments. But that is exactly what many banks are getting.

Capital Next Challenge in Mending of an Iowa Thrift

First Federal Bankshares' new CEO has cut jobs and sold a branch, but still needs capital. Observers say the chance of attracting investors is not as bleak as it is for others.

Iowa's Heartland to Report Loss

Heartland Financial USA of Dubuque, Iowa, said it expects to post a loss of $2 million to $3 million for the fourth quarter, as a result of a spike in problem loans ...

First Federal of Iowa Swings to a Loss

First Federal Bankshares of Sioux City, Iowa, swung to a fiscal 4Q net loss of $19.3 million, or $5.94 a share, from earnings of $670,000, or 20 cents a share, a year earlier.

Vineyard's Ex-CEO Tweaks Director Slate

The former chief executive of Vineyard National Bancorp, who is trying to win control of its board, has added another banker to his alternative slate of directors.

Iowa's West Bancorp. Revises Earnings

A home builder's demise has forced West Bancorp. in West Des Moines to add $5M to its previously reported loan-loss provision and revise its 1Q earnings.

Liberty of Iowa Has Deal to Buy Valley

Liberty Financial Services Inc. of Sioux City, Iowa, plans to acquire Valley Bank, an Elk Point, S.D., unit of Haugo Bancshares Inc. of Sioux Falls.

Meta: Delay Could Result in Delisting

Meta Financial Group has been notified that Nasdaq Stock Market might delist its stock because it did not file a quarterly earnings report with the SEC on time.

Heartland Cites Provision

Despite gains in loans, deposits, and fee income, Heartland Financial reported a 9.3% drop in 4Q earnings from '07, to $6.8M, because of an increase in its provision for loan losses.

State Regulators Start Mortgage License Registry

In a bid to better coordinate supervision of mortgage originators and brokers, several state regulators launched the Nationwide Mortgage Licensing System this week.