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Banking and Finance

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Schooley appointed business banking leader at Two Rivers Bank & Trust

Two Rivers Bank & Trust appointed Melissa Schooley as the business banking leader, effective March 27. Schooley brings over 20 years of banking experience with a focus on commercial banking and business development. Before joining …
By Business Record Staff | Mar 29, 2023
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Principal survey identifies retirement industry disruptors by 2030

The Principal Future of Retirement Survey identified the leading factors that will disrupt the retirement industry by 2030, including an aging workforce, Generation Z, demand for personalized investment advice and financial wellness. These factors are …
By Business Record Staff | Mar 22, 2023
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Economists: Bank failures could affect Fed’s decision to continue rate increases

The failures of Silicon Valley Bank and Signature Bank of New York could influence the Federal Reserve’s decision to continue increasing interest rates with the release of a new inflation report out today, economists said.…
By Michael Crumb | Mar 14, 2023
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Iowa’s banks are healthy, 2 state banking leaders say

Iowa banks are in good financial health and customers should not worry that the institutions will experience failures similar to what has occurred with Silicon Valley Bank and Signature Bank, two of the state’s top …
By Kathy A. Bolten | Mar 13, 2023
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Catch up: What to know about the recent banking disruption

On Sunday, U.S. authorities said they would ensure depositors with money at Silicon Valley Bank, a California-based banking institution used by many tech startups that collapsed Friday, would be paid back in full. Depositors were …
By Business Record Staff | Mar 13, 2023
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Iowa banks see increase in loans, deposits in fourth quarter

Iowa banks reported increases in loans and deposits in the fourth quarter, information released this week by the Federal Deposit Insurance Corp. shows.

“Despite headwinds from inflation, rising interest rates and geopolitical uncertainty, Iowa banks …
By Business Record Staff | Mar 2, 2023
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Principal announces integration of asset management and pension businesses

Principal Financial Group will consolidate its global asset management and international pension businesses, the company announced today.

In a news release, Principal announced the new combined business will be called Principal Asset Management. The move …
By Business Record Staff | Mar 1, 2023
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Sammons Financial Group commits $3.15M to Drake University

Drake University announced Wednesday a $3.15 million philanthropic commitment from Sammons Financial Group, one of the largest gifts from a corporate partner in the university’s history. The gift will support a new intercultural center and …
By Sarah Diehn | Feb 24, 2023
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Veridian to lead racial equity incubator in Waterloo

Filene Research Institute, an independent cooperative finance think tank based in Madison, Wis., has selected Veridian Credit Union to lead a Racial Economic Equity Incubator in Waterloo. It’s one of eight incubators Filene is organizing …
By Business Record Staff | Feb 22, 2023
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Sid Jones, CEO and president of Home State Bank, retires

Home State Bank, located in Jefferson, announced the retirement of CEO and Bank President Sid Jones after 39 years of service. Jones joined the bank in 1983 and was elected as CEO and bank president …
By Business Record Staff | Feb 21, 2023