Posted On: July 22, 2020 by Iowa State Bank in: Press Release
Washington, D.C. (July 21, 2020)—Independent Banker, the award-winning magazine of the Independent Community Bankers of America (ICBA) and the number-one source for community banking news, recognized Iowa State Bank, as an ICBA top lender in its July issue. Iowa State Bank’s recognition is based on the strength of its competitive banking services and operational efficiencies throughout 2019.
“Through innovation, resourcefulness and an unwavering commitment to their customers and communities, these top lenders are creating a culture of success,” ICBA President and CEO Rebeca Romero Rainey said. “ICBA is proud to recognize Iowa State Bank and its staff for their outstanding efforts and wish them continued prosperity.”
The annual list is based on the strength of competitive banking services and operational efficiencies using FDIC data for 2019. Scores were determined by combining the average of the bank’s percentile rank for lending concentration and for loan growth over the past year in each lending category and asset size and adjusted for loan charge-offs at certain percentile thresholds.
“Iowa State Bank is honored to be recognized by ICBA for the growth and performance of our community bank,” said Leroy Van Kekerix, President/CEO, Iowa State Bank. “We are proud to serve our neighbors in Northwest Iowa, and strive every day to build lasting banking relationships that help our customers realize their financial goals and dreams—all while helping our local economy prosper. Our success is a testament to the faith of our customers and the hard work and dedication of our talented employees.”
About Iowa State Bank
Iowa State Bank is a locally owned financial institution with a rich history in NW Iowa that dates back to 1879. The bank has grown from the initial asset size of $35,000 to its current assets of over $600,000,000. Iowa State Bank has offices located in the Iowa communities of Hull, Ireton, Le Mars, Orange City, Paullina, Remsen, Sanborn, and Sheldon.
About ICBA
The Independent Community Bankers of America creates and promotes an environment where community banks flourish. With more than 50,000 locations nationwide, community banks constitute 99 percent of all banks, employ nearly 750,000 Americans and are the only physical banking presence in one in three U.S. counties. Holding more than $5 trillion in assets, nearly $4 trillion in deposits, and more than $3.4 trillion in loans to consumers, small businesses and the agricultural community, community banks channel local deposits into the Main Streets and neighborhoods they serve, spurring job creation, fostering innovation and fueling their customers’ dreams in communities throughout America. For more information, visit ICBA’s website at www.icba.org.
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