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Banking and Finance

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NOTEBOOK – ONE GOOD READ: Some research insights from the next SEC chair

Somewhere along the way in my quest to keep up with the banking and financial services industry, I got on the MIT Sloan School of Management’s Thinking Forward email list. This week, they sent me …
By BPC Staff | Jan 28, 2021
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West Bancorporation reports record 2020 earnings, increases dividend

West Bancorporation Inc., the publicly traded parent company of West Bank, today reported 2020 net income of $32.7 million, or $1.98 per diluted common share, compared with 2019 net income of $28.7 million, or $1.74 per diluted …
By BPC Staff | Jan 28, 2021
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Business Record names Community Foundation’s Jones-Weber as Deloitte CFO of the Year

Growing up in Des Moines, Karla Jones-Weber would spend after-school time at her parents’ business, helping with simple bookkeeping tasks beginning when she was about 10. She quickly discovered that she enjoyed accounting, and after …
By JOE GARDYASZ | Jan 28, 2021
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NOTEBOOK – ONE GOOD READ: Apollo CEO to step down after firm finds $158M in payments to Jeffrey Epstein

One of the world’s largest private equity firms, Apollo Global Management, found that its chairman and CEO, Leon Black, had paid convicted sex offender Jeffrey Epstein $158 million, which triggered an attempt to remove him …
By JOE GARDYASZ | Jan 26, 2021
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CI Financial Corp.’s acquisition will double U.S. assets under management to $46B

CI Financial Corp., a Toronto-based asset and wealth management company, has acquired Segall Bryant & Hamill LLC, a Chicago-based registered investment adviser firm and institutional asset manager, Investment News reported. The acquisition, once completed, is expected to …
By BPC Staff | Jan 26, 2021
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Sammons Financial Group acquires Beacon Capital Management

Sammons Financial Group, based in West Des Moines, announced it is expanding into the growing investment adviser marketplace with the acquisition of Beacon Capital Management, a registered investment advisory firm based in Dayton, Ohio. Financial terms of the …
By BUSINESS RECORD STAFF | Jan 25, 2021
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Affiliates Management, credit unions contribute over $400K to Credit Union Foundation

Affiliates Management Co. and its family of companies — including Coopera, the Iowa Credit Union League, PolicyWorks Iowa, PolicyWorks LLC and First Community Trust N.A. — recently donated $169,050 to the Iowa Credit Union Foundation, which is the philanthropic …
By BPC Staff | Jan 25, 2021
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Principal survey highlights greater COVID impact on businesses in rural communities

The prolonged economic impacts of COVID-19 have been wearing on small and medium-sized businesses, as owners report more uncertainty about when and how they may recover, according to a new report from Principal Financial Group. …
By BPC Staff | Jan 21, 2021
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NOTEBOOK – ONE GOOD READ: Pandemic hasn’t caused people to drain retirement accounts

Last March, Congress allowed Americans to withdraw up to $100,000 from their individual retirement accounts without paying a penalty that typically applies to those under the age of 59 1/2. Fewer people than expected took …
By KATHY A. BOLTEN | Jan 20, 2021
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F&G promotes two leaders as co-chief investment officers

F&G, a leading provider of annuities and life insurance based in Des Moines, has announced the appointments of David Martin and Leena Punjabi as co-chief investment officers. In their newly appointed roles, Martin and Punjabi will be responsible for the …
By BPC Staff | Jan 18, 2021
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