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Banking and Finance

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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 …

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Veridian Credit Union seeks public nominations for local Giving Tuesday donations

Veridian Credit Union is asking for public input on which local nonprofit organizations should receive a portion of $35,000 for Giving Tuesday on Nov. 28. Members of the public are invited to nominate their favorite …

Casey's

Casey’s awarded for revamped financial system reducing labor, bank fees

Casey’s General Stores Inc. received the Association for Financial Professionals 2023 Pinnacle Awards Grand Prize for excellence in treasury and finance for the implementation of a new banking system. The system has helped reduce labor …

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Principal Financial reports Q3 earnings

Associated Press: Principal Financial Group Inc. on Thursday reported third-quarter profit of $1.39 billion. On a per-share basis, the Des Moines-based company said it had profit of $5.50. Earnings, adjusted for investment gains, came to …