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Banking and Finance

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U.S. Bank launches $25M microbusiness fund focused on women of color

U.S. Bank announced it has created a $25 million microbusiness fund focused on grants and investments in businesses owned by women of color. The new program is part of its U.S. Bank Access Commitment, which will …
By BPC Staff | Feb 18, 2021
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FDIC names first chief innovation officer

The Federal Deposit Insurance Corp. announced it has named Sultan Meghji as the agency’s first chief innovation officer, charged with leading the FDIC’s efforts to promote the adoption of innovative technologies across the financial services sector. Meghji …
By BPC Staff | Feb 17, 2021
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A Closer Look: Bob Weiss

In November, U.S. Bank appointed Bob Weiss as one of three leaders nationally to head community banking within the bank’s Consumer and Business Banking Division. Weiss, who began his career with U.S. Bank right out …
By JOE GARDYASZ | Feb 10, 2021
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Citibank to refund Iowans for credit card overcharges

Corridor Business Journal: Iowa Attorney General Tom Miller announced Monday that Citibank will pay $4.2 million to resolve allegations that it overcharged credit card interest for about 25,000 customers in Iowa and four other states. As …
By BPC Staff | Feb 9, 2021
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F&M Bank, CBI Bank & Trust announce merger

Corridor Business Journal: Central Bancshares Inc., a community bank holding company based in Muscatine, announced that it has merged two of its subsidiaries, Galesburg, Ill.-based F&M Bank and Muscatine-based CBI Bank & Trust. The combined organization …
By BPC Staff | Feb 8, 2021
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Dwolla founder Milne joins board of Lincoln Savings Bank

Ben Milne, founder and chairman of Des Moines-based payment platform Dwolla Inc., has joined the board of directors of Lincoln Savings Bank. Milne, who holds various patents for payment processing technologies, has participated in the …
By BPC Staff | Feb 8, 2021
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Cetera to acquire Voya Financial Advisors’ independent advisory arm in $300M deal

Voya Financial Inc. announced today that it has entered into a definitive agreement with Cetera Financial Group Inc. for Cetera to acquire the independent financial planning channel of Voya Financial Advisors, Voya’s registered investment adviser and broker-dealer.…
By BPC Staff | Feb 8, 2021
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Menke named retail banking director of Bank Iowa

Bank Iowa announced it has hired Trisha Menke as retail banking director. She will oversee all branch administration and operations for the bank. She will join the family-owned community bank’s senior leadership team, guiding product development and implementation …
By BPC Staff | Feb 4, 2021
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Next Level Ventures announces new Curql Fund targeting credit union industry

Next Level Ventures and credit union partners of Members Development Co. announced the launch of a new collaborative venture capital fund for the development of financial services technology in the credit union industry. The Curql …
By BPC Staff | Feb 4, 2021
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Summary provides details about new federal Shuttered Venues Operators Grants

BKD CPAs and Advisors has published a frequently asked questions document for businesses seeking to apply for the Shuttered Venues Operators Grants program, a $15 billion relief program that was enacted by Congress in the …
By BPC Staff | Feb 3, 2021
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