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Banks selected for Small Business Lending Fund

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Three additional community banks in Iowa have been selected by the U.S. Treasury Department in the final funding round for the Small Business Lending Fund (SBLF), a $30 billion program designed to encourage community banks to increase their lending to small businesses. Heartland Financial USA Inc. in Dubuque will receive $81.7 million; Commercial Financial Corp. in Storm Lake will receive $18 million; and Liberty Financial Services Inc. in Sioux City will receive $7 million, according to a Treasury Department release. Earlier this month, Two Rivers Financial Group Inc., based in Burlington, received $23.2 million from the fund.