Regulator: banks in Iowa, Nebraska, S.D., healthy

By: AP
By: AP

The regulator of nationally chartered banks says community national banks and federal savings associations in Iowa, Nebraska and South Dakota have recovered from the effects of the financial crisis and economic downturn.

The Office of the Comptroller of the Currency says in a statement released Tuesday the vast majority of the 87 institutions it supervises in the three states have received the agency's highest ratings.

Bank composite ratings run on a scale of 1-to-5 with 1 being the healthiest.

Kay Kowitt, District Deputy Comptroller for the region says 97 percent of national banks and federal savings associations in the three states earned a composite rating of 1 or 2 in 2013. In 2011 just 82 percent received those ratings.

She says bank earnings have improved and capital levels are satisfactory.

Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.


Comments are posted from viewers like you and do not always reflect the views of this station.
powered by Disqus
KGWN-TV 2923 E. Lincolnway Cheyenne, Wyoming 82001 307-634-7755 KSTF-TV 3385 N. 10th Street Gering, Nebraska 69341 308-632-7535
Gray Television, Inc. - Copyright © 2002-2014 - Designed by Gray Digital Media - Powered by Clickability 247111971 - kgwn.tv/a?a=247111971