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Banking and Finance

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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 …

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West Bank reports record $11.8 million net income for first quarter

West Bancorporation Inc., parent company of West Bank, today reported that first quarter 2021 net income was $11.8 million, or 70 cents per diluted common share, compared with first quarter 2020 net income of $8.1 million, or …

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FBL Financial extends contested merger vote to May 21

Shareholders of FBL Financial Group Inc. will have about another three weeks to consider how to vote on a merger proposal to take the company private.

Shareholders who convened for a special meeting this morning …

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A Closer Look: Renee Christoffer

When Renee Christoffer and her executive team welcome a new employee at Veridian Credit Union, it’s easy for the credit union’s president and CEO to relate to whichever role that individual will play within the …

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Principal records strong first quarter, raises dividend

Principal Financial Group reported a jump in first-quarter net income, to $517.1 million from $288.9 million a year ago. Net income per diluted share was $1.87, compared with $1.04 in last year’s first quarter. Non-GAAP operating earnings …

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MidWestOne Bank announces new market president

MidWestOne Bank hired Dan Clute, former Iowa House representative, as the MidWestOne Bank market president in the Des Moines metro area. Clute was previously the executive vice president and chief business officer of the Federal …

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West Bank recognized among top 25 community banks nationally

West Bancorporation Inc. in West Des Moines has been recognized among the top 10% of community banks in the United States as part of the 2020 Raymond James Community Bankers Cup awards. West Bancorporation, the parent company …

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IPERS seeks RFPs for investment consulting services

The Iowa Public Employees’ Retirement System has issued a request for proposals from qualified investment firms to provide investment consulting services for all asset classes. An evaluation committee consisting of IPERS Investment Board members and …

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Bank Iowa recognized for volunteer service

Bank Iowa has received the Newell/Franklin award for its service to the Altoona community. The Altoona Area Chamber of Commerce presented the award to Bank Iowa at its virtual dinner on April 10. The award …

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Athene releases 2020 corporate social responsibility report

Athene Holding Ltd., the publicly traded parent company of West Des Moines-based retirement services firm Athene USA, recently released its 2020 corporate social responsibility report.  Among highlights of the report, the company documented more than …