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Banking and Finance

Bank lifepreserver

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 …

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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 …

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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 …

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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 …

Drake Sammons Intercultural Center

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 …

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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 …

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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 …

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VizyPay expands leadership team for national growth

Ricky Onofre

VizyPay, a payment processing fintech company serving small businesses, has expanded its leadership team with the addition of Director of Independent Sales Organizations Partnerships Ricky Onofre, pictured, and Regional Directors Tod Kellen and …

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Andersen adds first Des Moines office

Andersen, a professional services firm offering tax, valuation, financial advisory and related consulting services, announced today it has added new offices in Des Moines and Pittsburgh, Pa., and expanded its presence in Orange County, Calif. …

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Wells Fargo relocating most downtown workers to WDM

Wells Fargo will move a large number of its downtown Des Moines workers to its 160-acre Jordan Creek campus in West Des Moines, the company told employees on Friday.

The company will vacate its downtown …