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Banking and Finance

ChipReeves

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 …

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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