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Banking and Finance

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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. …
By BPC Staff | Jun 9, 2021
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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 …
By BPC Staff | Jun 8, 2021
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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 …
By BPC Staff | Jun 3, 2021
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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 …
By BUSINESS RECORD STAFF | May 28, 2021
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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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