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Iowa First Bancshares Corp. Achieves National Recognition

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^{Published in Business and Finance on Friday, June 18th 2010 at 9:11 GMT by Market Wire}  

MUSCATINE, Iowa--([ BUSINESS WIRE ])--Iowa First Bancshares Corp. (OTCBB: IOFB), the parent company of First National Bank of Muscatine, Iowa, and First National Bank in Fairfield, Iowa, has gained national recognition for superior financial performance. The banking industry magazine, USBANKER, named Iowa First Bancshares Corp. in its June 2010 issue as one of the top two hundred community banks in the country ranked by three-year average return on equity. All community banks with less than two billion dollars in assets were included in the analysis and ranking by USBANKER. Specifically, Iowa First Bancshares Corp. was ranked number seventy in the nation for its outstanding achievement level of three-year average return on equity. Only one other banking organization in the state of Iowa was included in the top 200 community banks in the nation using this important financial benchmark. aOur team of dedicated bankers focuses everyday to meet and exceed the expectations of our customers, thereby maximizing shareholder value by efficiently and effectively deploying the capital entrusted to us by our shareholders,a said Kim Bartling, Executive Vice President, Chief Operating Officer and Treasurer. aWe are pleased to be recognized for our financial success, especially in these trying times for the banking industry,a added D. Scott Ingstad, Chairman, President and Chief Executive Officer.

"Our team of dedicated bankers focuses everyday to meet and exceed the expectations of our customers, thereby maximizing shareholder value by efficiently and effectively deploying the capital entrusted to us by our shareholders"