Trucking industry loans are at center of Sac City bank failure, regulators say - The Great Awakening

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Trucking industry loans are at center of Sac City bank failure, regulators say (www.desmoinesregister.com)

posted 1 year ago by Trump_astic 1 year ago by Trump_astic +17 / -0

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– sueanon2017 1 point 1 year ago +1 / -0

wish you guys could experience Sac City, to see how crazy this sounds. it’s like stepping back in time. a lot of farmers, looks like a postcard, bet the elderly citizens are shocked. It’s also real close to Fort Dodge where President Trump will be on Saturday.

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– Trump_astic [S] 1 point 1 year ago +1 / -0

Hoff said it is possible the bank got caught up in the competition for lending and overextended itself, particularly given that Sac City has three banks in a community with a population of about 2,000. “. Hmmm….

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