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Banking and Finance

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Veridian awards $14,000 in scholarships to seven Iowa students

Veridian Credit Union recently granted $14,000 in scholarships to seven students across Iowa for the upcoming 2023-2024 academic year. The scholarships were distributed across three categories, with two $2,000 scholarships awarded to Veridian members in …

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West Bank ranked among top 20 banks by American Banker

West Bank has been ranked as one of the top 20 banks in the country by American Banker Magazine. American Banker evaluates public and private banks with assets ranging from $2 billion to $10 billion, …

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dsm Wealth: For a tax break, act soon to qualify for Endow Iowa incentive

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Lincoln Savings CEO resigns; Girsch tapped as interim leader

Lincoln Savings Bank announced that President and CEO Erik Skovgard has submitted his resignation to the bank’s board of directors and an interim leader has been appointed.

Emily Girsch

Emily Girsch, the bank’s executive vice …

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What you need to know about the Low Income Housing Tax Credit Set-Aside program

Here are some takeaways from Thursday’s informational meeting about the new Innovation Set-Aside for the Low Income Housing Tax Credit Program through the Iowa Finance Authority.

Derek Folden, tax credit director of the Iowa Finance …

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Wells Fargo economist forecasts mild, short recession for late ’23

The U.S. economy will likely dip into recession near the end of this year as a result of higher interest rates and reduced credit availability, an economist with Wells Fargo said Monday.

But the economic …

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Iowa banks show strength in first quarter

Iowa banks reported a strong first quarter of 2023 with growth in active loans, favorable liquidity and a slight increase in deposits, new data from the Federal Deposit Insurance Corp. shows.

“The year-over-year increase in …

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Principal debuts annuity with sustainability index

Principal Financial Group has introduced its first registered index-linked annuity (RILA) called Principal Strategic Outcomes. The launch aims to meet the increasing demand for annuity options amid market uncertainty and the desire to mitigate investment …

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ICUF announces graduates of 2023 Financial Coach Program

The Iowa Credit Union Foundation (ICUF) announced the successful completion of the 2023 “People Helping People” Financial Coach Program. The program, conducted virtually in May, brought together 50 participants from 17 different credit unions. The …

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Des Moines-area students awarded Bank Iowa scholarships

Bank Iowa annually grants more than 20 scholarships to high school students across the state. This year, the bank doubled its commitment by increasing the scholarship awards from $500 to $1,000 each. Three high school …