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Banking and Finance

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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 …
By BPC Staff | Nov 25, 2015
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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…
By BUSINESS RECORD STAFF | Nov 19, 2015
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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…
By BPC Staff | Nov 18, 2015
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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 …
By BPC Staff | Nov 18, 2015
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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…
By JOE GARDYASZ | Nov 18, 2015
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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 …
By BPC Staff | Nov 18, 2015
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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…
By BPC Staff | Nov 13, 2015
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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…
By PERRY BEEMAN | Nov 10, 2015
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Convention center hotel approved; Bankers Trust to lead lending consortium

Bankers Trust Co. will lead a group of eight community banks in the $75 million construction loan for the Iowa Events Center Hotel in downtown Des Moines. The banks will participate in what has been…
By KENT DARR | Nov 10, 2015
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Wells Fargo might need $60 billion to cover regulatory requirements

Wells Fargo & Co. would need to raise at least $40 billion in new debt to cover federal regulations requiring large national banks to cover their losses without taxpayer assistance in the event of a …
By BPC Staff | Nov 6, 2015
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