Iowa First Bancshares Inc of Muscatine is the holding company for First National Bank in both Muscatine and Fairfield. The bank holding company reported a record first quarter this year with a net income of $1.04 million up from last year's $981,000.
The company also had a higher loan losses provision at $270,000 in the first quarter, compared to $78,000 in the same period of last year. The company is enjoying prosperous growth even in the current economy.
If you ar in need of business litigation, contact the Des Moines business attorneys of LaMarca Law Group, P.C., PC at (877) 327-2600.
On Monday, the Iowa House of Representatives approved a measure to allow consumer fraud lawsuits by a 95-1 vote. This measure would allow victims of consumer fraud to sue for damages.
Currently, 49 other states have similar laws, making Iowa the only state without it. Unfortunately, the bill must now go to the Senate where it has an uncertain future. If the bill is passed, it will put a 2 year statute of limitations on cases and will not apply retroactively.
If you have been a victim of fraud or unfair trade, contact the Des Moines business attorneys of LaMarca Law Group, P.C., PC at (877) 327-2600.
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