Federal Regulators Issue Cease-and-Desist Order to Iowa Bank

September 1, 2021

Associated Press, Sept. 1, 2021
Federal bank regulators have issued a cease-and-desist order to Luana Savings Bank. accused of risky practices that threaten the stability of the 113-year-old, family-owned bank. It also faces accusations from the Federal Home Loan Bank of Des Moines involving hundreds of millions in home loans.
https://www.kcci.com/article/feds-cease-and-desist-order-luana-savings-bank-iowa/37455028