My aunt deceased in oct 09 . My uncle had deceased prior in 06 and in the reading of her will we found out that he had set up in his will for his investments with a certain bank to be divided upon her death which is separate to her will and monies which will be divided also. My question is how long does the bank that controls his $$ have to contact and distribute his portfolio to us. This is taking place in Iowa

Once the executor of the will provides the appropriate documentation to the bank that has your uncle's money, they should distribute that money quite quickly (assuming the assets are in liquid investments).