AABP EP Awards 728x90

Banking and Finance

DSC 6869

Principal to shut down RobustWealth digital advice subsidiary

Principal Financial Group has made a “strategic business decision” to close down its RobustWealth subsidiary, the digital advice startup company that it acquired in 2018, Digital Insurance journal reported. Principal made the decision after it completed its …

DSC 6869

CUNA Mutual Group, LPL Financial form strategic alliance

CUNA Mutual Group, a broad financial services provider based in Madison, Wis., announced a strategic alliance with LPL Financial to offer LPL’s digital platform for its wealth management business, CUNA Brokerage Services Inc. CBSI will continue to …

DSC 6869

Hightshoe joins Community State Bank holding company as diversity officer

Kate Hightshoe has joined QCR Holdings Inc., the parent company of Community State Bank, as assistant vice president and diversity officer. She will be based at Community State Bank’s Johnston branch. For several years, Hightshoe has …

DSC 6869

HBT Financial to acquire NXT Bancorporation to enter Iowa market

HBT Financial Inc., the holding company for Heartland Bank and Trust Co. in Illinois, will expand its footprint into Iowa with the acquisition of NXT Bancorporation Inc., the Corridor Business Journal reported. Based in Bloomington, Ill., HBT …

DSC 6869

Sans stagecoach, Wells Fargo to launch new credit card portfolio in July

Wells Fargo & Co. this week announced it will launch a new portfolio of credit cards as part of the bank’s transformation in its recovery from its fake-accounts scandal, American City Business Journals reported. Wells Fargo will …

DSC 6869

Dubuque Bank & Trust, Heartland Financial announce leadership changes

Dubuque Bank and Trust has named Tyson Leyendecker as president and CEO. Leyendecker will replace Tut Fuller, the bank’s president and CEO since 2017, who has been promoted to regional president at Heartland Financial USA, DB&T’s holding company, …

DSC 6869

Shazam’s Christensen re-elected to U.S. Faster Payments Council board

Shazam Inc., a Johnston-based nationwide provider of financial services to community banks and credit unions, announced that Kevin Christensen, senior vice president of market intelligence and data analytics, was elected to a second three-year term on the U.S. …

DSC 6869

Sammons life insurance division president to retire

Steve Palmitier, president and chief operating officer of Sammons Financial Group’s life insurance division, has announced his plan to retire at the end of the year. In his 25 years with Sammons, Palmitier has been instrumental in …

DSC 6869

Bankers Trust general counsel named to industry 40 Under 40 class

The Independent Community Bankers of America’s Independent Banker magazine has selected Emily Stork, senior vice president and general counsel at Bankers Trust, for its 2021 40 Under 40: Emerging Community Bank Leaders awards. The award …

DSC 6869

Gulling to retire from West Bank; Funk to step into CFO role

West Bancorporation Inc., parent company of West Bank, announced that Douglas Gulling will retire as executive vice president and chief financial officer of West Bank effective Sept. 30, and as executive vice president, treasurer and CFO of …