h digitalfootprint web 728x90

Banking and Finance

DSC 6869

Study provides new insights on flexible spending account usage

A new study by the Employee Benefit Research Institute shows that participants boosted their participation in their companies’ flexible spending accounts in 2020 over the previous year, and that contributions didn’t vary significantly based on “use it …
By BUSINESS RECORD STAFF | Jun 10, 2022
DSC 6869

Veridian launches early direct deposit service

Veridian Credit Union recently announced it has begun offering early direct deposit services, by releasing members’ electronic payroll up to two days sooner than the members’ payday. The new service, which started last week, is provided free …
By BPC Staff | Jun 8, 2022
DSC 6869

Junior Achievement of Central Iowa updates logo and branding

Junior Achievement of Central Iowa has announced the launch of its updated logo and branding, the first change to the Junior Achievement logo since 1986. The update reflects the organization’s evolution from a supplemental youth development …
By BPC Staff | Jun 7, 2022
DSC 6869

West Bank to add $100M in growth capital with subordinated debt, credit agreement

West Bancorporation is raising an additional $100 million of capital to support continued growth of the regional banking operations of West Des Moines-based West Bank.

In a regulatory filing on Monday with the U.S. Securities …
By JOE GARDYASZ | Jun 7, 2022
DSC 6869

36 credit union financial coaches graduate from People Helping People program

The Iowa Credit Union Foundation, the philanthropic arm of the Iowa Credit Union League, recently announced the graduates of the 2022 People Helping People Financial Coach Program. Thirty-six attendees from 12 credit unions completed the program, which …
By BPC Staff | Jun 6, 2022
DSC 6869

Data companies voice support for Financial Data Transparency Act

Ames-based Workiva Inc. is part of a coalition of financial data services companies that are urging Congress to support legislation to adopt uniform data reporting standards for federal regulatory agencies. The Financial Data Transparency Act, …
By BPC Staff | May 27, 2022
DSC 6869

Iowa banks’ net income dips 17% as institutions increase reserves

Iowa banks increased their loan and deposit activity in the first quarter of 2022, but net income dipped compared with the year-ago quarter as a result of increased expense provisions for potential future loan losses, …
By BPC Staff | May 26, 2022
35268

Iowa credit unions’ business lending tops $4.1B in 2021

A handful of Iowa-based credit unions — the five largest in the state by asset size — are driving a significant increase in business lending activity among credit unions in the state. Statewide, member business …
By JOE GARDYASZ | May 26, 2022
35264

A Closer Look: Jill Klindt

After discovering her love for animals would not translate into a career in veterinary or animal science, Jill Klindt embraced her natural skill in math and left Iowa State University with an accounting degree in …
By SARAH BOGAARDS | May 25, 2022
DSC 6869

Former Great Western Bank branches open today as First Interstate Bank

First Interstate Bank today officially opens the former Great Western Bank branches in Iowa and seven other Midwest states as First Interstate Bank branches. First Interstate BancSystem Inc. completed its merger with Great Western Bancorp Inc. on …
By BPC Staff | May 23, 2022
oakridge web 040125 300x250