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Newsweek names 5 Iowa financial institutions to lists of top 250 in the US

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Newsweek has announced its findings of the top 250 regional banks and the top 250 credit unions in the United States. Two Iowa-based regional banks earned a five-star rating: Manufacturers Bank & Trust Co in Forest City and Fidelity Bank & Trust in Dubuque. Three Iowa-based credit unions also earned perfect scores: Veridian in Waterloo, Dupaco Community Credit Union in Dubuque, and Community 1st Credit Union in Ottumwa. Nearly 10,000 institutions nationwide were ranked on the basis of overall health, risk exposure, profitability and stability, using data from 35,000 customer surveys, 1.3 million social media reviews and 148 million Apple App and Google Play store reviews. Nationwide institutions such as Bank of America and JPMorgan were excluded to keep the focus on regional banks and credit unions, according to the report. An additional 10 institutions in Iowa earned 4.5 or 4 stars and are listed below. Click here for more information on the Newsweek study, including a full list of the winners and research methodology.

  • Bankers Trust Co., Des Moines, 4.5 stars
  • Cedar Rapids Bank & Trust Co., Cedar Rapids, 4.5 stars
  • Central State Bank, State Center, 4.5 stars
  • Citizens Community Credit Union, Fort Dodge, 4.5 stars
  • Clear Lake Bank & Trust Co., Clear Lake, 4.5 stars
  • Farmers State Bank, Marion, 4.5 stars
  • First Citizens Bank, Marion, 4.5 stars
  • Northwest Bank, Spencer, 4.5 stars
  • CBI Bank & Trust, Muscatine, 4 stars
  • Central Bank, Storm Lake, 4 Stars