Hawkeye Bancorp put 17 of its banks up for sale.
The Des Moines, Iowa, bank holding company said that losses linked to the poor farm economy had forced it to sell the banks to satisfy a $100-million debt to creditors. Hawkeye owns 36 banks. The move was announced by Hawkeye President Paul Dunlap, who late last year said the bank holding company would not sell off individual assets to escape its financial woes.
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