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Banking and Finance

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Report: Iowans lost $52 million to financial fraud in 2024

Financial fraud cases in Iowa increased 6% between 2022 and 2024, according to the state’s Department of Public Safety. Iowans’ financial loss from fraud totaled $52 million in 2024, up 204% from 2020, the Federal …

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Report: Iowa banks report an increase in loan activity

Iowa banks reported an increase in loans during the second quarter, potentially signaling more confidence in the economy.

Iowa’s 233 domiciled banks saw loans increase to $89.4 billion, up 4% from 2024’s second quarter and …

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Deanna Strable elected Principal board chair

Principal Financial Group announced Deanna Strable, president and CEO, has been elected chair of the board by the company’s board of directors, effective Sept. 2. Strable succeeds Dan Houston, who will conclude his service on …

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First Community Trust forms partnerships with two credit unions

First Community Trust, N.A. (FCT) has announced partnerships with Midland Credit Union and Des Moines Metro Credit Union. FCT Wealth Advisors Lisa Grefe and Jason Freese will provide retirement and investment planning services for the …

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Iowa banking group launches new ad campaign

The Iowa Bankers Association has launched a new advertising campaign called “Iowa Banks. Your Partner through it all.” The initiative spotlights the importance of a strong, lifelong banking relationship. The campaign’s goal is to show …

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MidWestOne Bank makes technology investment in Orion

MidWestOne Financial Group Inc., the Iowa City-based parent company of MidWestOne Bank, has announced a strategic collaboration with Orion, a provider of wealthtech solutions for financial advisers and the enterprise firms that serve them. According …

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West Bancorporation announced second-quarter earnings

A West Bancorporation Inc. official continued to raise concerns about the office sector in the Greater Des Moines area but assured investors and others that the properties in the institution’s loan portfolio are performing well.…

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Samantha Mosser to become president of Bankers Trust

Samantha Mosser

Samantha Mosser will become president of Bankers Trust on Aug. 1, the bank announced today. Mosser currently is Bankers Trust’s Nebraska president, a position she’s held since February 2022.

“One of the most …

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CLA relocates to office in downtown Des Moines

CliftonLarsonAllen LLP (CLA), a U.S. accounting and professional services firm, has announced the opening of its new local office. The new location, located on the 39th floor of 801 Grand, brings several CLA offices into …

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McCormick named chair of MidWest One

Tracy McCormick

Tracy McCormick will serve as chair of MidWestOne Financial Group Inc. and MidWestOne Bank, the group announced. McCormick is the daughter of MidWestOne Bank’s former chairman and director emeritus, W. Richard Summerwill, who …