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Banking and Finance

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Pitsor joins Great Western Bank

Deon Pitsor, former Iowa market president for Bank of America, has joined Great Western Bank as vice president of business banking. He will be based in Clive. Pitsor grew up in Hampton and received a…
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Loan growth boosts Great Western Bank profits in 2nd quarter

Great Western Bancorp Inc. reported first-quarter profits of $30.5 million, or 55 cents per share, compared with $26.7 million, or 46 cents per share, for the year-ago quarter.

The increase was driven by higher net …

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Voya offers education grants for programs to boost parental involvement

Voya Financial Inc. announced that its Voya Foundation will support a new approach to giving that is designed to help more students graduate from high school prepared for success in college and their future careers. …

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Big year for venture capital, but investments slowed in the 4th quarter

Venture capitalists invested $128 billion worldwide in 2015, up 44 percent from $89 billion 2014 and the biggest amount since the dot-com bubble year of 2000, according to the 2015 Venture Pulse Report by data analysis firm …

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Credit unions, filmmakers focus on lowering student loan debt

The Iowa Credit Union Foundation and a number of Iowa credit unions have partnered with financial literacy expert Adam Carroll to help combat student loan debt in Iowa. Iowa is ranked sixth in the nation …

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Uneven arithmetic of wealth: 62 = 3.6 billion

The wealth divide between the world’s richest and poorest is turning into a Grand Canyon, judging by a report today from Oxfam, MarketWatch reported.


Last year, just 62 individuals held wealth equivalent to the amount owned…
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U.S. Bancorp posted profit gain in 2015

U.S. Bancorp reported net income of nearly $1.48 billion for the fourth quarter of 2015, or 80 cents per share, compared with almost $1.49 billion, or 79 cents per share, in the fourth quarter of…
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A flat fourth quarter for Wells Fargo

Wells Fargo & Co.’s profit was flat in the fourth quarter and its revenue rose only slightly as the bank grappled with the strains on loans in the oil and gas industry, The New York Times …

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Public Companies: U.S. Bank

Headquarters: Minneapolis
Website: www.usbank.com
Ticker symbol: USB
Employees: 67,000 

As the regional president of the nation’s fifth-largest bank, Mike Helak has spent the past 18 years bringing a hometown touch to the operations of U.S. …

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Chicago Fed president sees 2.25 percent GDP growth

Federal Reserve Bank of Chicago President Charlie Evans predicted more slow economic growth during the Corridor Business Journal’s 2016 Economic Forecast Luncheon Tuesday, adding that he’s being more conservative this year because his recent years’ predictions have …