Summary
2009 proved to be a brutal year for some in the local financial sector, as industries and consumers around the tri-state area weathered some of the toughest economic conditions in decades.
Both East Dubuque Savings Bank and Premier Bank had net income lower than most Iowa banks last year at losses of $2.87 million and $1.26 million, respectively, according to Federal Deposit Insurance Corporation call reports tracking data through the end of 2009.See the full content of this document
Extract
Feeling the Pinch
Just two other Iowa banks had lower net income - First Bank in West Des Moines and Polk County Bank in Johnston.
Steve Bonnet, EDSB president and CEO, said 2009 was the worst year in the history of the bank. Although 2010 likely will not be a banner yea...See the full content of this document
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