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Banking and Finance

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Erin Kuhl named 2024 Deloitte CFO of the Year

The Business Record has named Erin Kuhl, chief financial officer and chief of staff at Krause Group, as the 2024 Deloitte CFO of the Year.

Erin Kuhl

The award serves to honor an individual for …

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FHLB Des Moines awards $46 million in affordable housing grants

The Federal Home Loan Bank of Des Moines (FHLB Des Moines) announced 60 recipients of its 2023 Affordable Housing Program (AHP) awards. FHLB Des Moines partnered with 43 member financial institutions and local housing organizations …

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Buena Vista University, United Bank of Iowa form strategic partnership

Buena Vista University and United Bank of Iowa have entered into a strategic partnership to provide educational benefits to the bank’s 330 employees. The collaboration offers grant funding that will reduce the costs of classes …

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Sean Willett appointed Lincoln Savings Bank CEO

Sean Willett

The Lincoln Bancorp and Lincoln Savings Bank board of directors announced Monday the appointment of Sean Willett as Lincoln Savings Bank’s new CEO, effective Dec. 29.

Willett is a banking executive with more …

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Reynolds appoints PCSB Bank leader James Johnson as new superintendent of banking

James Johnson

James Johnson, president and CEO of PCSB Bank, has been appointed to be the next superintendent of banking in the Iowa Department of Insurance and Financial Services, according to a news release from …

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Veridian Credit Union awards $90K in grants to 24 organizations across Iowa, Nebraska

Veridian Credit Union distributed $90,000 in grants to 24 organizations across Iowa and eastern Nebraska. The credit union awards Successful Financial Future Grants annually of up to $5,000 each to nonprofit organizations that address barriers …

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Third-quarter Iowa banking results released

Iowa banks reported an increase in loans in the third quarter, up 8.7% from the same period a year ago, information released by the Federal Deposit Insurance Corp. shows.

“Despite a challenging interest rate environment …

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Jeremy Smith named CEO of Affinity Credit Union

Jeremy Smith will succeed Jim Dean as Affinity Credit Union’s CEO when Dean retires on Jan. 31, 2024. Smith, who’s been vice president of lending for Affinity Credit Union since October 2021, has over 10 …

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Wells Fargo economists: U.S. 2024 outlook ‘generally’ remains resilient, too soon to say ‘storm has passed’

Consumer spending has kept the U.S. economy resilient in 2023, but Wells Fargo’s annual economic outlook report released this month predicts the country’s gross domestic product (GDP) will “contract modestly” in mid-2024 as inflation continues …

Photo of a tan and orange building with a black sign saying Citizens Bank

State banking officials close Citizens Bank in Sac City

Citizens Bank, located in Sac City, was closed on Friday by the Iowa Division of Banking after examiners discovered “significant” loan losses not previously reported by the bank, the state agency announced.

The Federal Deposit …