Heavy loan losses linked to the trucking industry were
enough to cause a nearly 100-year-old Iowa bank to shut its doors this month,
according to information released by federal and state agencies, as well as
various media reports.
Citizens Bank, Sac City, Iowa, became the fifth U.S. bank to
fail this year, when the Iowa Division of Banking directed the institution,
which had served the area since 1929, to surrender all its assets.