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Banking and Finance

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QCR to buy Ankeny-based Community State Bank in $80 million deal

QCR Holdings Inc., the parent company of Quad-City Bank & Trust Co., is expanding its reach with its pending acquisition of Ankeny-based Community State Bank, the Quad-City Times reported. 


Moline, Ill.-based QCR announced Monday that it…
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Study: Iowa seniors’ retirement savings gap among largest

Senior citizens in 47 states and the District of Columbia aren’t replacing enough of their pre-retirement incomes, according to a new Bankrate.com study. Many financial experts believe retirees need at least 70 percent of the income they …

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Midwest merger and acquisition activity declines in first quarter

The Bridgepoint Midwest M&A Index, a measure of corporate merger and acquisition activity in the Midwest, decreased another 7.8 percent in the first quarter of 2016. On a year-over-year basis, the index decreased 18.7 percent …

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NOTEBOOK: Group offers mentoring for female financial pros

During a job interview a couple of years ago, a female candidate asked Kim Butler Hegedus, “How do you survive in the financial services industry as long as you have?”

Kim Butler Hegedus

The question …

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Goss: Inflation will rise

Creighton University economist Ernie Goss includes a modest increase in inflation in his May economic outlook. Here are his main bullet points: There’s a 55 percent chance the Federal Reserve will raise interest rates in…
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LWBJ founding partner Larson passes away

LWBJ announced that Thomas Larson, a founding partner of the firm, died of a heart attack Sunday while vacationing in Colorado. Funeral arrangements are pending.


Thomas Larson

Larson was instrumental in expanding the company, which …

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Event May 24: Economic security for older Iowans

Host: Calvin Community Foundation
About: David Strege, managing partner of Syverson Strege and Co., will share useful information on financial literacy and aging, as well as a detailed “5 steps for life after 50” checklist.
When: 7 …

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Bankers would like to find a few more commercial lenders

Commercial lenders are in short supply, according to 43 percent of the bank executives and board members who responded to Bank Director’s 2016 Compensation Survey. The results point to a troublesome shortage of the people …

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Lending Club founder resigns amid question about loan sales to investor

Renaud Laplanche, the founder, chairman and CEO of online lender Lending Club, has resigned after an internal review showed a violation of the company’s business practices, The New York Times reported. The company said the case involved…
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FBL reports higher quarterly earnings

FBL Financial Group Inc. today reported net income for the first quarter of 2016 of $25.9 million, or $1.04 per share, compared with $23.6 million, or 94 cents per share, for the first quarter of …