Inwood State Bank Fails Amid Farm Slump in Iowa
Regulators closed Inwood State Bank in Lyon County and sold it to Security Savings Bank in Larchwood. The failure, blamed on bad farming loans, marks the third Iowa bank failure this year with more expected as regulators warn the farm economy remains weak. Deposits insured, borrowers seek new lenders, and the Larchwood bank paid FDIC a 327500 premium for the takeover.
MENTIONED IN THIS ARTICLE
Judy Daubenmier
Gazette
Des Moines Bureau
Des Moines
Iowa
Inwood State Bank
Lyon County Bank
Security Savings Bank
Larchwood
Larchwood Bank
Tom Huston
Huston
Cherokee
Woodbine
Inwood
State Bank
Iowa Bank
Federal Deposit Insurance Corp
FDIC
House
Lowell Norland
D-Kensett
Ken DeGroot
R-Doon
Inwood Bank
Dozen seek U.S. judgeship in Iowa
Twelve candidates, mostly Republicans, seek appointment to the Northern District of Iowa. Iowa District Court Judge Ralph F. McCartney and several other named judges and lawyers are listed as hopefuls as interviews near. Senator Grassley aims to send three names to President Reagan within 30 days.
MENTIONED IN THIS ARTICLE
Ateve Statt
U.S. District Court
District of
Iowa
the Gazette
Ralph F. McCartney
Charles City
Iowa House of Representatives
U.S
Charles Grassley
Grassley
Washington
Reagan
Edward McManus
Northern District Court
Cedar Rapids
Newt Draheim
Clarion
Albert L. Habhab
Fort Dodge
Charles H. Pelton
Clinton
David B. Hendrickson
Keokuk
Liquor Agency Nominee Heads Toward Senate Confirmation
Des Moines Patrick D Cavanaugh moved closer to Senate confirmation as director of the Iowa Beer and Liquor Control Department. The 37 year old appeared before a Senate subcommittee Tuesday after being nominated by Gov Branstad. He has served as deputy commissioner of the Iowa Department of Human Services for five years.
MENTIONED IN THIS ARTICLE
Des Moines
Patrick D. Cavanaugh
Senate
Rolland Gallagher
Iowa Beer and Liquor Control Department
Cavanaugh
Terry Branstad
Patrick Delahery
Davenport
Senate State Government Committee
Delahery
Liquor Department
Iowa Department of Human Services
State workers to vote on 5 percent hike over two years
Gov Branstad and AFSCME leader announce a 5 percent salary increase for state employees over two years. One percent effective January 1, 1986, and four percent on January 1, 1987 plus merit raises. Cost to the state is 4.3 million the first year and 16.6 million the second. Ratification by employees expected within ten days.
MENTIONED IN THIS ARTICLE
Gazette
Des Moines Bureau
DES Moines
Terry Branstad
Don McKee
American Federation of State, County
UltraSavers Travel Bargains From Ozark Airlines
See how far your travel dollars go with one way fares based on a round trip. Pay up to 14 days after reservation if done 30 days before departure. Return as early as Sunday or stay up to 21 days. UltraSavers are non refundable but can be exchanged for equal or greater value. Some fares rise after May 23 1985. Seats limited.
MENTIONED IN THIS ARTICLE
Ozark
Las Vegas
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E David R. Hansen
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2Nd Ave
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Muscatine Ave
AAA
Gateway Travel Agency
Brenton Financial Center
Universal Travel
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