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Banking and Finance

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TruBank Des Moines Challenge professional disc golf tournament to be held in Indianola

Indianola-based community bank TruBank has committed to be the premier sponsor for the Disc Golf Pro Tour tournament that will be held Aug. 19-21 at Pickard Park in Indianola. The 2022 TruBank Des Moines Challenge event presented …
By BUSINESS RECORD STAFF | Apr 1, 2022
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Davis Center names site coordinator for Polk County Financial Empowerment Center

Rachelle Scott Oakley has joined the Evelyn K. Davis Center for Working Families as the site coordinator for the Polk County Financial Empowerment Center. The center, which was launched in March 2020 at the DMACC Urban …
By BPC Staff | Mar 30, 2022
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Principal releases data from ‘check-in’ survey of owners of small to medium-sized businesses

In response to the ever-changing operating environment for small and midsize businesses, Principal Financial Group recently conducted a “check-in” with business owners across the United States. The survey, which polled more than 1,000 business owners …
By BUSINESS RECORD STAFF | Mar 29, 2022
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West Bank ranks again on top-performing list; site work to start on new headquarters

West Bank was recognized for a second consecutive year as one of the 50 top-performing large community banks in the country in 2021, as ranked by S&P Global Market Intelligence. The West Des Moines-based bank was ranked …
By BUSINESS RECORD STAFF | Mar 28, 2022
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SEC wants companies to disclose how climate change is affecting them

NPR: Every year, public companies in the U.S. are required to provide investors and regulators with detailed data about their financial performance and the risks they face. Soon, they may also have to disclose information about …
By BPC Staff | Mar 21, 2022
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Senate banking chair warns about private-equity ties to insurers, questions risks

The chair of the U.S. Senate banking committee this week asked federal and state insurance regulators to gather data on whether the increasing presence of private equity funds in the insurance industry creates risks for …
By BUSINESS RECORD STAFF | Mar 18, 2022
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GreenState doubles lending goal for people of color to $1 billion

GreenState Credit Union announced that its board of directors has doubled its goal of extending $500 million in home loans to people of color in the next decade, with a new goal of lending $1 billion …
By BPC Staff | Mar 11, 2022
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Wells Fargo provides $1.5 million grant to How Women Lead for venture fund

Wells Fargo today announced new resources designed to help increase the growth of female-owned small businesses, including a $1.5 million grant to How Women Lead. The San Francisco-based banking company said the initiative is “aimed …
By BPC Staff | Mar 10, 2022
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Former Davenport banker sentenced for SBA fraud; Des Moines exec to be sentenced

A former Iowa banking executive accused of attempting to defraud the Small Business Administration has been sentenced to nine months in prison and ordered to pay $4.5 million in restitution, the Iowa Capital Dispatch reported. Larry Charles …
By BPC Staff | Mar 9, 2022
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Iowa banks’ net income up 30.3% in 2021; loan balances up 2.7%

U.S. banks reported year-over-year increases in key financial measures for the fourth quarter and for full-year 2021, reflecting stronger economic growth, higher loan demand and improved credit conditions, according to the Federal Deposit Insurance Corp.’s fourth-quarter …
By BUSINESS RECORD STAFF | Mar 2, 2022