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Banking and Finance

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Iowa banks’ net income up by double digits in first quarter; loans up 5.1%

Iowa banks reported net income of $391 million for the first quarter of 2021, a nearly 61% increase from the first quarter of 2020, according to the Quarterly Banking Profile released Wednesday by the Federal Deposit Insurance …
By BUSINESS RECORD STAFF | May 28, 2021
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NOTEBOOK – ONE GOOD READ: Green finance goes mainstream

Here’s an interesting read from the Wall Street Journal that takes an encouraging look at the prospects for a more sustained interest in green investments, fueled perhaps not so much by altruism but another kind of green …
By JOE GARDYASZ | May 27, 2021
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Ruan IV elected chair of Bankers Trust board, succeeding Ruan III

The Bankers Trust board of directors has voted John Ruan IV as chairman of its elected board. In this role, he will lead the board and ensure it is effective in setting and implementing the …
By BPC Staff | May 25, 2021
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Wells Fargo employees’ class action on retirement plan to move forward

A federal judge has denied Wells Fargo’s request to dismiss a class-action lawsuit that claims the mega bank mismanaged its more than $40 billion 401(k) plan, Benefits Pro reported. Brought on behalf of participant Yvonne Becker in …
By BUSINESS RECORD STAFF | May 20, 2021
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Comment period on AI use by financial institutions extended to July 1

Five federal financial regulatory agencies announced today that they will extend the comment period on the request for information on financial institutions’ use of artificial intelligence until July 1. The agencies are seeking information from …
By BPC Staff | May 18, 2021
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Have we reached the ‘final frontier’ with real-time payments?

Whether it’s getting that perfect tan or losing weight or getting our messages, Americans seem to want everything to come to them faster and faster, and the same is true with payment transtactions, says Brady …
By JOE GARDYASZ | May 13, 2021
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Banking seminar scheduled in September

“The New Legal Landscape,” a banking seminar presented by Dickinson, Mackaman, Tyler & Hagen PC, will be held virtually on Sept. 1. The daylong seminar will focus on issues and opportunities community banks experience during …
By BPC Staff | May 12, 2021
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ViClarity moves forward with added focus on technology

When Miriam De Dios Woodward became CEO of PolicyWorks LLC more than three years ago, the company was poised for some tremendous growth. 

“The expectation when I was hired was to look at that next …
By JOE GARDYASZ | May 5, 2021
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State treasurer encourages Iowans with disabilities to save through IAble accounts

State Treasurer Michael Fitzgerald, administrator of Iowa’s ABLE plan, IAble, encourages individuals with disabilities to consider saving with the plan, especially if they are earning an income. “IAble provides financial security and independence for individuals …
By BPC Staff | May 4, 2021
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FBL Financial swings into the black following year-ago net loss

FBL Financial Group Inc. on Monday reported first-quarter net income of $27.7 million, or $1.13 per diluted common share, compared with a net loss of $2.5 million, or 10 cents per diluted common share, for the …
By BPC Staff | May 3, 2021
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