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Community banks rally to support Iowa flood recovery

September 18, 2024 | Small Business and Entrepreneurship: Senate Committee, Standing Committees - House & Senate, Congressional Hearings Compilation, Legislative, Federal


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Community banks rally to support Iowa flood recovery
In a recent government meeting, a prominent Iowa community banker emphasized the critical role of community banks in supporting rural small businesses, particularly in the aftermath of natural disasters. Highlighting the recent severe flooding in Northwest Iowa, the banker underscored the importance of local financial institutions in providing essential resources and guidance during crises.

Drawing from personal experience, the banker reflected on the devastating floods of 1993 and other natural disasters that have historically impacted Iowa, including tornadoes and droughts. These events have not only affected the agricultural landscape but have also tested the resilience of local communities. The banker noted that the recent flooding in Rock Valley has left lasting damage, with the region still in recovery.

The message was clear: community banks are vital in disaster recovery efforts, offering support and comfort to families, farms, and small businesses during challenging times. The banker expressed gratitude for the opportunity to share this perspective, reinforcing the belief that local solutions are often the most effective in addressing the needs of affected communities.

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