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Banking and Finance

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Bank economists predict upbeat consumers and robust sales for holiday season

Economists for Wells Fargo & Co. and Bank of the West are predicting that retail sales will come up roses on Black Friday and through the holiday shopping season.


Merchants might miss the flush cheeks…
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Iowa construction and development loans up

Construction and land development loans led an 8.4 percent increase in lending in the third quarter over the same time last year, according to the Iowa Bankers Association.


Iowa banks provided more than $51.5 billion…
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Construction and development loans push lending at state banks

Construction and land development loans led an 8.4 percent increase in lending in the third quarter over the same time last year, according to the Iowa Bankers Association. Iowa banks provided more than $51.5 billion …

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U.S. House votes to roll back mortgage rules

The U.S. House of Representatives passed legislation Wednesday that critics argue rolls back regulations for mortgages that were created to prevent the bad lending practices responsible for the financial crisis of 2008, The Hill reported.


The…
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Lincoln Savings buys land for new Adel branch

Lincoln Savings Bank plans to build a new branch office in Adel at the northeast corner of the intersection of U.S. Highways 6 and 169. For the past 37 years, the site has been the…
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U.S. Bank is top SBA lender to women-owned businesses

U.S. Bank will be recognized as the top Small Business Administration lender to women-owned businesses in Iowa for fiscal year 2015 on Nov. 19 at the NAWBO Central Iowa Celebration of Excellence event. U.S. Bank …

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Wells Fargo investment chief bullish on ’16 outlook

Darrell Cronk, president of the Wells Fargo Investment Institute and chief investment officer for wealth and investment management for Wells Fargo & Co., was in Des Moines today for the company’s 57th Annual Business Trends…
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Sloan named Wells Fargo president, COO

  Timothy Sloan

Wells Fargo & Co.’s board of directors has named 28-year company veteran Timothy Sloan to immediately become president and chief operating officer, reporting to Chairman and CEO John Stumpf. Since 2014, Sloan …

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South Story Bank & Trust open in Ames’ Somerset development

South Story Bank & Trust has established a loan production office at 2701 Stange Road in the Somerset addition in Ames. “We look forward to being a part of the vibrancy in Ames…” said President…
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Wells Fargo plans $1.5M Walnut Street museum

A broad-based effort to revamp Walnut Street got a boost Tuesday when Wells Fargo announced it will build a $1.5 million public museum in its Financial Center lobby.


The 5,500-square-foot Wells Fargo History Museum will be the…
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