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Banking and Finance

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Principal joins with Premier Hockey Federation for sponsorship, social media campaign

Principal Financial Group and the Premier Hockey Federation, formerly the National Women’s Hockey League, today announced a new sponsorship that includes Des Moines-based Principal becoming the exclusive financial services marketing partner of the PHF. The partnership with …

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Bank of America provides $300K grant to Solidarity Microfinance

Solidarity Microfinance announced it has received a grant from Bank of America that will allow the Des Moines-based organization to further invest in Iowans working toward personal financial goals and entrepreneurial expansion, through $300,000 in …

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First Interstate BancSystem, Great Western Bancorp complete merger

First Interstate BancSystem Inc., the parent company of First Interstate Bank, announced that effective today, it has completed its previously announced merger with Great Western Bancorp Inc., the parent company of Great Western Bank. The combined holding company will …

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Chase opens second Iowa branch, on south side

Chase Bank, the U.S. consumer and commercial banking business of JPMorgan Chase & Co., announced that it recently opened its second Iowa retail branch, located at 6150 S.E. 14th St. in Des Moines. The branch …

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BKD adds seasoned audit and advisory partner to Des Moines office

Heather Townsend-Macan has joined BKD CPAs & Advisors as a partner in the firm’s Des Moines office. She joins BKD National Commercial Services Group, where she will provide leadership for audit and advisory services for clients …

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West Bank reports $49.6 million in 2021 earnings, up 52% year-over-year

West Bancorporation Inc., parent company of West Bank, today reported 2021 net income of $49.6 million, or $2.95 per diluted common share, compared to 2020 net income of $32.7 million, or $1.98 per diluted common …

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West Des Moines Water Works votes to begin negotiations on regionalization

This is a water treatment tank at the A.C. Ward water treatment plant in West Des Moines. The West Des Moines Water Works Board of Trustees voted Wednesday to join Des Moines and Urbandale in negotiations …

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Deloitte CFO of the Year: Michael Skokan

Doing what’s best for Hy-Vee’s employees — who now number more than 93,000 — was always at the top of Mike Skokan’s mind as chief financial officer of the West Des Moines-based company. 

Skokan, who …

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Apollo, Athene partner with BNP Paribas to launch supply chain capital company

Apollo and its subsidiary Athene announced they have entered into a strategic relationship with BNP Paribas, a premier global bank, to provide a new solutions platform for working capital and supply chain needs with the establishment of Eliant …

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NOTEBOOK – ONE GOOD READ: Fed releases long-awaited study on a digital dollar but doesn’t take a position yet on creating one

The Federal Reserve did not take a position on a central bank digital currency, or CBDC, in its delayed 40-page report, but the report did show that a digital dollar is not in the near …