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Jun 16, 2011 5:35 PM by AP Posted by James H Egbert

Midwest, Plains bankers worry about flood effects

OMAHA, Neb. (AP) - Rural bankers in 10 Midwest and Plains states worry that Missouri River flooding will hurt the region's economy.

Their concerns were included in the monthly Rural Mainstreet survey released Thursday.

Larry Winum, president of Glenwood State Bank in Iowa, said flooding will hurt the agriculture and business sectors and have a negative impact on riverside communities.

Meanwhile, the Rural Mainstreet Index rose to 56.0 from May's 54.9. Anytime the index, which ranges from 0 to 100, is over 50, it suggests the economy will expand over the next six months.

Bankers in rural parts of Colorado, Illinois, Iowa, Kansas, Minnesota, Missouri, Nebraska, North Dakota, South Dakota and Wyoming are surveyed. Creighton University professor Ernie Goss oversees the survey.


(Copyright 2011 by The Associated Press. All Rights Reserved.)

 

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