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Banking and Finance

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West Bancorporation reports record second-quarter net income of $13.2M

West Bancorporation Inc., parent company of West Bank, today reported that its second-quarter net income was $13.2 million, or 79 cents per diluted common share, compared with $8.0 million, or 48 cents per diluted common …

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Principal CEO: $3 billion in capital to be returned to shareholders through 2022

Principal Financial Group on Tuesday reported second-quarter net income of $361.8 million, or $1.32 per share, compared with $398.3 million, or $1.45 per share, for the year-ago quarter. Non-GAAP operating earnings of $467.3 million contributed …

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Statewide survey highlights financial literacy gap for women; conference set for Aug. 19

Women are often financially responsible for both their children and aging parents and typically will need more retirement savings because statistically they live longer than men.

However, a majority of women in Iowa — 56% …

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Molyneux promoted to CIO at Bankers Trust

Bankers Trust has appointed Shane Molyneux as chief information officer and a member of the bank’s management committee. Molyneux joined Bankers Trust in January 2020 as assistant vice president, technology experience manager. Since then, he has been …

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Veridian Credit Union opens newest branch in Ankeny

Veridian Credit Union announced today the opening of its newest branch in Ankeny, its 10th in the Des Moines metro area and 30th across Iowa and eastern Nebraska. Located at 2180 N. Ankeny Blvd., the …

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Workiva joins UN Global Compact CFO Taskforce

Workiva Inc. announced it has joined the UN Global Compact CFO Taskforce, committing to measure its progress toward the implementation of the CFO Principles on Integrated Sustainable Development Goals Investment and Finance. The Ames-based publicly traded …

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Athene Holding to acquire U.K. mortgage lending company

Athene Holding Ltd. announced that it has entered into a definitive agreement to acquire Foundation Home Loans, a specialist U.K.-based mortgage lender, from funds managed by affiliates of Fortress Investment Group LLC. As of June 2021, FHL …

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Principal survey: Auto enrollment key to saving earlier for retirement

Despite evidence of the effectiveness of automatic enrollment in helping employees to begin saving earlier for retirement, only one-third of companies with retirement plans offer auto enrollment, according to new research from Principal Financial Group.…

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McGill Junge Wealth Management relocates to Clive; open house on July 15

McGill Junge Wealth Management, a Northwestern Mutual Private Client Group, recently moved its office location from Urbandale to 12289 Stratford Drive in Clive. The firm will host an open house event on Thursday from 4 to …

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Learn about Iowa’s finances during town hall event

David Roederer, who retired in January after 10 years as the state’s Department of Management director, will talk about Iowa’s finances during a virtual town hall event sponsored by the Taxpayers Association of Central Iowa. …