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Banking and Finance

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After pause, merger and acquisition activity coming back strong

What investors and sellers have seen in transactions over the past year might best be compared to experiencing the loss of a relationship, those who work closely with mergers and acquisitions say.

The good news …

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Bankrate ranks Iowa best state to retire

In a study based on affordability (40%), overall well-being (25%), quality/cost of health care (20%), weather (10%) and crime (5%), Bankrate – a consumer financial services company – found Iowa to be the best state …

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Principal reports lower than expected second-quarter earnings

Principal Financial Group Inc. on Thursday reported second-quarter net income of $389 million, or $1.53 per share.

The earnings per share compare with $1.65 a year ago and did not meet Wall Street expectations. The …

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A Closer Look: Chip Reeves

Quick, what’s the largest bank that has its headquarters in Iowa? Give up?

It’s MidWestOne Bank, based in Iowa City, with over $5.5 billion of deposits in five states reported at the end of March. …

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Five Iowa credit unions top-ranked by Forbes

Five Iowa credit unions are on Forbes’ new list of top-rated credit unions in the United States. They are, in order: Community 1st Credit Union in Ottumwa, Ascentra Credit Union in Bettendorf, Community Choice Credit …

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Wells Fargo investing millions on upgrades at Jordan Creek campus in West Des Moines

Wells Fargo has begun remodeling offices at the company’s 160-acre Jordan Creek campus in West Des Moines in anticipation of relocating a large number of employees to the site.

Three building permits with a total …

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Principal launches Focused Blue Chip ETF

Principal Asset Management has launched the Focused Blue Chip ETF, which will be a large-cap growth portfolio managed by Principal Aligned, the equities investment team managing mid-cap and blue chip strategies for Principal. Principal Aligned, …

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Top banks report strong second-quarter earnings

JPMorgan Chase, Wells Fargo and Citigroup kicked off a strong start to the second-quarter earnings season, with the three banks beating analysts’ expectations for profit and revenue, according to the Wall Street Journal.

JPMorgan Chase’s …

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Principal joins consortium to support automatic portability of US retirement accounts

Principal Financial Group announced it has joined the Portability Services Network, a consortium of retirement plan service providers focused on helping underserved and under-saved workers improve their retirement outcomes by making it easier to transfer …

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Northwest Bank awards continuing education scholarships to local students

Northwest Bank announced it has awarded continuing education scholarships to four local students. They will receive $1,000 each to support their pursuit of higher education. The recipients are Nolan Carroll from Waukee High School, Levi …