DES MOINES, Iowa (KCAU) — A northwest Iowa bank has closed after suffering heavy losses on loans not previously identified, according to Iowa banking officials. The Citizens Bank, Sac City was closed Friday by the Iowa Division of Banking (IDOB), the organization said in a release. As part of the closure by IDOB Superintendent Jeff Plagge, the bank was placed into the receivership of the Federal Deposit Insurance Corporation (FDIC).

The release states that bank examiners “identified significant loan losses that had not previously been identified by the bank” while conducting an examination of the bank. Officials said Citizens Bank had a “concentration of out-of-territory and out-of-state loans to one industry” and then suffered heavy losses from some of those loans. The bank has since been declared insolvent.

All deposit accounts have been purchased and transferred to Iowa Trust & Savings Bank, Emmetsburg. It also purchased all available loans. On Monday, Citizens Bank’s main office and drive-up facility will reopen as a branch of Iowa Trust & Savings Bank. Citizens Bank was established in 1929. The bank reported $65,558,000 in total assets and $58,930,000 in total deposits as of its third-quarter call report.

The FDIC established a toll-free number for customers of Citizens Bank for any questions and concerns. The number is 866-314-1744 and will be in operation Friday until 9 p.m., Saturday from 9 a.m. to 6 p.m., Sunday from noon to 6 p.m., Monday from 8 a.m. to 8 p.m., and thereafter from 9 a.m. to 5 p.m. The FDIC also has more information on its website. The FDIC insures qualified deposits to $250,000.

GLIDDEN, Iowa — [KCCI] – Carroll County Sheriff Kenneth Pingrey didn’t hold back in his message to the public after his department responded to multiple calls about a man carrying a backpack and walking around in Glidden “carrying what appeared to be an AR-style rifle.”

According to a news release, deputies who responded to the calls Thursday afternoon on the town’s south side found 38-year-old Jerry Lee Webb Jr., of  Kansas City, Missouri, in possession of a “loaded 12-gauge shotgun that looked similar to an AR-style rifle.”

Jerry Webb

Webb, also allegedly had a loaded 9mm pistol in a backpack that he left at the NEW Cooperative. Webb was arrested on a no-contact order violation unrelated to the initial calls Thursday, but that charge was dropped for lack of probable cause, according to court documents.

An investigation involving out-of-state law enforcement as well as the Bureau of Alcohol, Tobacco, Firearms and Explosives continues.

Sheriff Pingrey said in the news release, “The mere fact that Webb was in possession of two loaded, uncased weapons is not a crime under Iowa laws. It is, however, extremely stupid to walk around town carrying firearms in this fashion. This will not only spark fear in a community, and rightfully so, but will also generate a vigorous response from law enforcement.”

Pingrey concluded by saying “I am a huge proponent of the Second Amendment and the NRA but I firmly believe in safe and responsible gun ownership, this was neither safe nor responsible.”

(Radio Iowa) – A jury has found the Chairman of the Kossuth County Board of Supervisors guilty of misdemeanor assault this week, following an incident with another board member back in July. Seventy-six-year-old Roger Tjarks (Tarks) was convicted on the single count of assault, a simple misdemeanor, following a one-day trial on Tuesday.

A criminal complaint filed on August 10th states that Tjarks pushed Supervisor Kyle Stecker, poked him in the chest and made verbal threats of wanting to physically harm the 26-year-old at the Kossuth County Courthouse around 9:30 a.m. on July 11th.

The supervisors had a regular meeting that morning that started at 8 a.m. A video recording of the meeting shows that a closed session was requested around 9:20 a.m. and it was during this closed session that the alleged altercation took place. Jurors heard from witnesses for both the state and the defense, as well as an audio/video recording of the incident.

The case was prosecuted by the Winnebago County Attorney’s Office due to a potential conflict of interest for the Kossuth County Attorney.

(Radio Iowa) – A survey commissioned by a travel agency that specializes in family travel ranks three Iowa communities among the county’s top 150 underrated winter vacation destinations. Wyoming-based Family Destinations surveyed three-thousand people considered experienced travelers to come up with a list of underrated places for families to visit in the winter.

Lesser known spots in Hawaii and Florida and Colorado made the list, but Pella, Iowa, also made the list, at number 15. Outdoor activities and eating Dutch pastries in Pella were mentioned. Elkader registered at number 136 on the list and Bentonsport in southeast ranked 139th.