Posted in improvements

County Bancorp, Inc. Observes Improvements in Status of Loan Payment Deferrals

Total loan balances under customer support relief program down 50% during the fiscal third quarter-to-date

MANITOWOC, Wis., Sept. 14, 2020 (GLOBE NEWSWIRE) — County Bancorp, Inc. (NASDAQ: ICBK), the parent company for Investors Community Bank (collectively “the Company”), today announced an improvement in customers under payment deferrals related to COVID-19.  

    September 11, 2020     June 30, 2020  
    Customers in payment deferral     Customers on interest only     Principal Balance     Customers in payment deferral     Customers on interest only     Principal Balance  
                    (dollars in millions)                     (dollars in millions)  
Agriculture     10       81     $ 77.6       9       83     $ 84.9  
Commercial     5       9     $ 23.1       35       54     $ 115.5  
     Total     15       90     $ 100.7       44       137     $ 200.4  

“In March, we evaluated the potential impact of COVID-19 on the communities we serve, and our team quickly mobilized to help our customers through this crisis,” said Tim Schneider, CEO of Investors Community Bank. “While we have a variety of capabilities

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Posted in home

Peloton Founder Hits Billionaire Status on Home-Exercise Frenzy

(Bloomberg) — Peloton Interactive Inc. founder John Foley is now a billionaire, thanks to a stunning rally in his home-fitness company’s shares since the pandemic began.

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After posting a video to Kickstarter in 2013, Foley, a cycling enthusiast, raised $307,000 to help get his fledgling in-home exercise startup off the ground.

The former e-commerce president at Barnes & Noble wanted to bring the indoor cycling classes like those he was taking at New York boutiques SoulCycle and Flywheel into people’s homes. He had high hopes for Peloton, comparing its approach of creating both hardware and software to Apple Inc. in the Kickstarter video.

But Foley couldn’t have predicted the pandemic seven years later that would shut down gyms and spur a home exercise boom not long after his company’s IPO. Since mid-March, Peloton shares have rallied about 350%, sending Foley’s net worth to $1.3 billion, according to the

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