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Banking and Finance

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Wells Fargo to close its bank museums, including one in downtown Des Moines

Des Moines Register: Wells Fargo will permanently close its downtown Des Moines museum, one of 11 that the company is shuttering around the country. Rather than a cost-savings measure, a Wells Fargo spokesman said the “museums …

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Christoffer takes reins as Veridian president and CEO

Renee Christoffer, pictured, has officially stepped into her new role as president and CEO of Veridian Credit Union, the credit union announced Friday. Late last year, the credit union’s board accepted former President and CEO …

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NBA star, philanthropist Barnes joins First National Bank board

Harrison Barnes, an NBA player and philanthropist, has been named to the board of directors of Ames-based First National Bank. Barnes, whose hometown is Ames, hosts the annual Barnes Reading Academy and is a key …

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SEC adopts amendments to modernize Reg S-K reporting by public companies

The U.S. Securities and Exchange Commission today announced that it voted to adopt amendments aimed at modernizing public company disclosure rules, the first significant changes in Regulation S-K in more than 30 years. The changes affect the …

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A Closer Look: Kathy Kay

Like many people, Kathy Kay, the new senior vice president and chief information officer at Principal Financial Group, started her new job in the middle of the coronavirus pandemic. But for this admitted tech geek …

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Webinar today to highlight small business resources for Iowa

Banking and business development agencies will highlight small business lending products, programs and resources available in Iowa during an “Iowa Banker Small Business Webinar” today, Aug. 18, from 1:30 to 3 p.m. Hosted by the …

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Credit union new to Polk County will feature video tellers who will assist customers from Dubuque

Construction of a Grimes branch office of Dupaco Community Credit Union is expected to begin this fall. The project is valued at a little over $6 million. 
Architectural rendering special to the Business Record

A …

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FBL Financial reports ‘solid’ second quarter earnings

FBL Financial Group Inc., the West Des Moines-based parent company of Farm Bureau Financial Services, reported net income for the second quarter of 2020 of $26.2 million, or $1.06 per diluted common share, compared to net income …

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Fortress Bank opens West Des Moines loan office

Fortress Bank announced it has opened a loan production office in West Des Moines. The new office at 5000 Westown Parkway, Suite 420, will offer commercial, agricultural, consumer and mortgage lending. Scott Jarvis, senior vice president, …

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After hitting pause, M&A market in Central Iowa adjusting to new realities

After humming along quite happily with a high level of confidence into early 2020, Iowa’s mergers and acquisitions market briefly went into shutdown mode this spring with the arrival of the COVID-19 pandemic. Buyers and …