Ernie Goss address economy & banking

OMAHA, N.E.(KELO)- Our regional economy is improving slightly according to a new survey of 10 Midwestern states.

Creighton Unversity economist Ernie Goss says the farm sector remains steady and strong…but other areas are starting to suffer.

Regional Bankers are facing some stiff challenges, but the farm customers they serve are doing well.

A new survey of bankers shows agriculture on top of other sectors of the economy.

Creighton University Economist Ernie Goss.

Rural Main Street businesses are having difficulty due to higher interest rates.

Large regional banks are big enough to get government bailouts.

Community Banks like the ones we see in rural America are probably on their own…

Goss says that seems to be the message following the recent failure of larger regional banks on the coasts.

The U.S. lost half of its banks in the 2008 recession.

Are we headed for a repeat performance?

Creighton University Economist Ernie Goss isn’t going that far, but says area banks are having difficulties.

Goss just released a survey of bankers in our 10-state region.

Three-fourths of those bankers say they’re opposed to the bailouts of Silicon Valley and Signature Banks.

Two-thirds of them say they’re opposed to ALL bank bailouts.