Iowas banks under pressure: Entrepreneurs see opportunities despite challenges!
Iowas banks under pressure: Entrepreneurs see opportunities despite challenges!
In Iowa, it looks dark for agriculture: According to the prominent banker Jeff Plagge, who worked for 44 years in the banking industry and most recently worked as a deputy Bank superintendent, the rising interest and falling raw material prices press the agricultural economy. Cargill has already released five percent of his staff, while John Deere deleted over 1,700 jobs in his Iowa works. These challenges put economic stability to the test, although plague emphasizes that the overall economy has so far been quite resistant. Plagge is a respected member of a state committee for the forecast of tax income and brings many years of experience from various banks, including the Northwest Iowa Banking Corporation, into the discussion, such as kiwa radio reported.
The career of Jim Plagge
But the economic emergency falls at a time when another plague, Jim Plagge, has just designed an impressive career. He began his bank career as an agricultural loan clerk in Minnesota before working for 26 years at Northwestern Bank in Orange City and Sheldon, where he finally became president. Jim Plagge took over the role of President and CEO at Bank Iowa in 2012, which today has $ 1.3 billion in assets and is considered the second largest agricultural loan under Iowas banks. Under his leadership, the deposits exceeded the billion border for the first time and he emphasizes the importance of community and community services, where Bank Iowa employed employees almost 9,000 hours for charitable purposes and donated over $ 400,000 to local organizations. He emphasizes all of this in order to make it clear that the success of a bank ultimately depends on the joint efforts of all employees, as iowa State University reports.
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Ort | Des Moines, Iowa, USA |
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