For more than a decade, West Des Moines State Bank has been developing relationships with a small family of rural Iowa banks by farming out loan participations.

Now, the $470 million-asset bank is betting that it can copy its relationship style all over the state and build it into a formal correspondent banking business. Recently the bank, adding to its correspondent menu of services, put another 14 banks on its list of "downstream" loan participants, bringing the total to 29.

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