Friday, May 4, 2012

Liberty Bank Sells Three Branches to Heartland Financial

Heartland Financial USA is buying three branches from West Des Moines' Liberty Bank, and combining them with Dubuque Bank and Trust. Liberty sold two branches earlier this year to Ames National. American Banker reports Liberty's been ordered by regulators to cut its volume of problem loans and raise its capital levels, which have shriveled under steep losses on real estate loans.

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