IIB Convention Sets Theme A Strong Economy Needs Banks
The Iowa Independent Bankers annual convention at Lake Okoboji will run Thursday through Saturday under the banner A strong economy needs strong community banks. Topics include banking legislation regulation and economic conditions with speakers David Allardice of the Federal Reserve Bank of Chicago and U S Representative Jim Leach. The event spotlights top state and federal banking figures.
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Norand unveils large Cedar Rapids R D center downtown
A 32,000 square foot Norand R D facility is under construction in Cedar Rapids, with 115 engineers to move in by mid November. Officials from Noland Ryan Cos OPN Architects the cityPriority One and Ryan D S L C break through a wall at 318 Sixth Ave SE to mark the rebirth of the former Peter Pan Bakery building. The project aims to attract talent and spur redevelopment south of Fourth Avenue SE with additional renovations planned on nearby buildings.
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Co-signing a loan risks and repayment questions
A reader warns co signing a $200000 real estate loan carries real liability. Before agreeing, examine borrower repayment plans, land ownership, loan terms, potential equity participation, and impact on your own borrowing. Consider the developer’s equity and project completion risk, then decide carefully.
E. Iowa man picked for U.S. pork board
Jim Ledger of Washington Iowa is named among six new appointees to the National Pork Board by U S Secretary of Agriculture Mike Espy. Ledger, former Iowa Pork Producers Association president, runs a 300 sow farrow to finish operation and farms 1300 acres with his son Mark, plus a 120 cow beef herd.
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United States
Stocks Fall Amid Flood of Quarterly Earnings Reports
The market ended lower in sluggish trading as banks and tech shares declined on disappointing earnings. The Dow dropped 7.12 points to 3748.31 while Eastern Iowa stocks showed mixed results with Eastman Kodak, Quaker Oats, United Fire, General Electric, and Norand among notable movers.
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Eastman Kodak
Quaker Oats
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