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Banking and Finance

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Bankers Trust names new CFO

Brett Hartema

Bankers Trust has hired Brett Hartema as its next chief financial officer, succeeding Kip Albertson, who is retiring from the role on Wednesday.

Albertson was honored as the Business Record’s 2025 Deloitte CFO …

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Iowa Society of CPAs selects new CEO

Carrie Steffen

The Iowa Society of CPAs announced Carrie Steffen will become its next CEO, starting May 19. A committee of current and past ISCPA executive committee board members used a local executive search company …

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‘Office property is deteriorating,’ West Bancorporation official says

An official at West Bancorporation Inc. this week raised concerns about the office market, joining others who have noted the increased weakening in the sector.

“Office property is deteriorating,” Harlee Olafson, the bank’s chief risk …

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Bill in Iowa Legislature would crack down on crypto ATM fraud

A bill making its way through the Iowa Legislature would regulate what’s known as digital financial asset transaction kiosks, or cryptocurrency automatic teller machines, limiting the monetary transaction amount consumers can make on a daily …

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Family Credit Union announces new CEO

The Family Credit Union, a nonprofit financial cooperative headquartered in Davenport, announced today the appointment of Michael Brandt as its new CEO. Brandt will begin April 28. Brandt has more than 24 years of experience …

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NCMIC and Shazam announce merchant services transition

NCMIC Finance Corp., a Des Moines-based payment processing company, has acquired Johnston-based Shazam’s merchant services business. According to a news release, NCMIC’s Professional Solutions Financial Services division is now responsible for Shazam’s merchant services portfolio, …

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What to watch as US stock markets fall

After weeks of tariff talks, President Donald Trump this week announced the tariff percentage he would assign to each trading partner. China, one of the U.S.’s largest trading partners, responded by matching Trump’s tariff rate on …

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SBA restores lender fees to 7(a) loan program

The U.S. Small Business Administration has restored lender fees to its 7(a) loan program. The 7(a) program, the SBA’s primary business loan program, provides loan guarantees to lenders that allow them to provide financial help …

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Iowa bankers group launches anti-fraud awareness campaign

The Iowa Bankers Association has launched an anti-fraud awareness campaign to alert Iowans about the increasingly sophisticated efforts of scammers to siphon money from bank accounts or make large charges on credit cards.

Adam Gregg…
Principal Financial

Des Moines remains ‘heart’ of Principal’s operations, Strable says

In a world where global reach and technological flexibility are paramount, Principal Financial Group stands firm in its commitment to its Iowa roots, President and CEO Deanna Strable told the Business Record in a recent …