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Banking and Finance

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MidWestOne Financial Group completes acquisition of Denver Bankshares

MidWestOne Financial Group acquired Denver Bankshares Inc., parent company of the Bank of Denver for $32.6 million. The Bank of Denver and MidWestOne Bank merged following the acquisition, effective Jan. 31. Denver Bankshares shareholders received …

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GreenState Credit Union names new CEO

Vikram Israni

GreenState Credit Union announced Tuesday that Vikram Israni was appointed its new CEO. Israni succeeds Todd Fanning, who served as interim CEO since September following Jeff Disterhoft’s retirement from the company.

According to …

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Power Breakfast preview: How to maneuver a changing, uncertain lending environment

Companies and entrepreneurs entered 2024 with some positive economic indicators, including strong consumer spending and continued GDP growth, but many are watching and waiting for the Federal Reserve to take action on lowering high interest …

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Twin Cedars Bank expands into Des Moines

Twin Cedars Bank announced the opening of a new office in Des Moines, located at 2222 Grand Ave. Suite 200, set for Feb. 20. Twin Cedars, a wholly-owned subsidiary of Twin Cedars Bancorp Inc., was …

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2024 Economic Forecast takeaways

Photo by Duane Tinkey

Cautious optimism appeared to be the sentiment from the five economic experts who participated on the Business Record’s annual Economic Forecast event panel on Jan. 24.

Public and private sector leaders …

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Johnson takes helm as Iowa’s banking superintendent

James Johnson grew up in southwest Iowa, where he helped with his family’s farming operations.

The Gravity, Iowa-native wanted to stay involved with agriculture but not necessarily as a farmer. In his freshman year of …

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Johnson named COO of Serve Credit Union

Des Moines-based Serve Credit Union has hired Andy Johnson as its new chief operating officer, the company announced Tuesday. Johnson will assist the CEO in the overall management and strategic direction of the credit union. …

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Newsweek names 5 Iowa financial institutions to lists of top 250 in the US

Newsweek has announced its findings of the top 250 regional banks and the top 250 credit unions in the United States. Two Iowa-based regional banks earned a five-star rating: Manufacturers Bank & Trust Co in …

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Iowa House GOP leader ‘pretty confident’ 2024 will bring more action on taxes

With four days to go before the Iowa House of Representatives and Senate gaveled in the 2024 legislative session, House Speaker Pat Grassley told the Business Record he felt “pretty confident” that the GOP majority …

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Vision 2024 trends to watch

The Business Record works every day to find the pulse that’s driving business news throughout our state and to make sense of it and provide you, our audience, a variety of perspectives. Our newsroom aims …