United Bank of Iowa

I recently came across an article about check fraud stating the number one way checks are stolen is mail theft. That seems a bit antiquated in today’s high tech and fast-paced world. There are many methods criminals use to steal checks, and subsequently, the stolen checks are sold via various ill-intentioned means either digitally or physically. How can you protect against this?   

 

In today’s environment, these steps will help you safeguard your checks.  

 

There has been a great deal of discussion in the news about tariffs and speculation over possible price increases – what does all of this mean for you? The unknown has probably created a sense of unease, making you cautious about your spending. While understandable, the apprehensiveness of consumers could create a slight economic slowdown. Keep in mind, these economic conditions can and have changed rapidly. On a more positive note, we are starting to see some costs ease up a bit – especially fuel and gas – which can be a large expense for many households. 

I’m proud to share that UBI has been named Iowa’s #1 Ag Bank for the 21st consecutive year. This recognition is based on a report of Top 100 Farm Lenders Ranked by Dollar Volume published by the American Bankers Association using data provided by the FDIC. Of course, we are very proud of this honor, but more important is what it means for our customers – peace of mind knowing they are working with a lender that has the capacity, expertise and knowledge to handle all their lending needs. Building relationships in ag lending means being there to finance that first 4-H project to supporting generations of some of Iowa’s top producers. We appreciate our loyal customers and will continue our strong commitment to rural Iowa. 

Our Ida Grove, Arthur and Odebolt offices recently hosted the 31st annual Whitey Thompson Hike-Bike-A-Thon on May 7. This was the 30th year that United Bank of Iowa has sponsored this event as a tribute to Whitey Thompson, a former bank director, as a way to honor his commitment to the youth in our communities. This year 577 students participated and donations were over $86,700. All proceeds go to OABCIG Dollars for Scholars to fund scholarships for OABCIG students. Every year, the generous donations and support of this event from the communities, families and friends continues to amaze us.   

Congratulations to Lance Moore who recently retired from the board of directors at United Bank of Iowa and Ida Grove Bancshares, Inc. Lance served as a director for the past 19 years, as well as serving on several committees. Lance’s dedication and contributions will be greatly missed.

On a somber note, former Director Larry Hultgren passed away in mid-April. Larry was a United Bank of Iowa and Ida Grove Bancshares, Inc. director for 28 years. He supported many community functions throughout our trade area and really understood the importance of a community bank. Our deepest sympathy to his family, friends, and community.

We extend our congratulations to Carolyn Hoelscher, who recently retired after a 42-year career in banking, of which the last 31 years were with United Bank of Iowa, serving in both the Odebolt and Ida Grove offices. We will miss Carolyn and wish her the best in retirement.