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A comment on Dream First Bank Assumes All of the Deposits of Heartland Tri-State Bank. Parent comment

Re:Dream First Bank Assumes All of the Deposits of Heartland... by SoftTalker on Friday July 28, 2023 @09:41PM (#36915898)
Crop loans that went bad due to storm damage? Seems possible in that part of the country. Though I'd presume those are insured?
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Re:Dream First Bank Assumes All of the Deposits of Heartland... by dylan604 on Friday July 28, 2023 @10:01PM (#36916046)
It wouldn't surprise me if insurance weasels out of payouts either though which would leave the farmers no way of paying the note.
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Re:Dream First Bank Assumes All of the Deposits of Heartland... by User23 on Friday July 28, 2023 @10:04PM (#36916062)
Crop insurance isn't an economically viable thing for any of the small farmers that I personally know anymore. It might still be feasible if you qualify for the beginner subsidies.
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Re:Dream First Bank Assumes All of the Deposits of Heartland... by landemva on Friday July 28, 2023 @10:25PM (#36916189)
Rural does not mean crop loans, and that does not seem to be in the press release. Loans against property is different than a planting loan.
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