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Banking and Finance

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West Bank plans to build Minnesota office to serve St. Cloud metro

West Bancorporation Inc. said it plans to build a permanent branch office on land it has purchased in Sartell, Minn., to serve the St. Cloud metro market. The West Des Moines-based bank holding company announced …

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GreenState pledges $125,000 to African-American Credit Union Coalition campaign

GreenState Credit Union, Iowa’s largest credit union, announced a $25,000 per year pledge for five years totaling $125,000 in support of the “I’ve Got Five on It” campaign, a financial inclusion campaign of the African-American Credit …

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HNI Corp. reports ‘solid’ third quarter

HNI Corp. on Monday announced sales for the third quarter ended Sept. 26 of $507.1 million and net income of $30.7 million. GAAP net income for the quarter was 71 cents per diluted share, down from $1.07 …

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American Equity rejects Athene/MassMutual takeover bid, enters partnership with Brookfield

American Equity Investment Life Holding Co. on Sunday rejected a $3 billion takeover offer by Athene Holding Ltd. and MassMutual, and instead announced it reached a partnership with Brookfield Asset Management Inc., the Wall Street Journal …

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Principal launches needs assessment tool for small businesses

Principal Financial Group has launched a new digital platform designed to help business owners and leaders uncover planning needs to help protect the financial well-being of their business and prepare for the future. The Principal Business …

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Iowa credit unions provided millions in loans, relief during pandemic

The Iowa Credit Union League has released new data quantifying the economic impact that Iowa credit unions have generated during the COVID-19 pandemic. Since March, Iowa credit unions have provided millions of dollars in loans, …

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Zimmerman joins Two Rivers Bank & Trust as president and CEO

Two Rivers Bank & Trust announced that its board of directors has appointed Shane Zimmerman as the bank’s new president and CEO, effective Oct. 19. Zimmerman will succeed Matt Shinn, who departs after a 21-year career with …

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Beyond bootstrapping

It wasn’t long after Deshara Bohanna began taking her handmade wreaths door-to-door to sell in her north Ankeny neighborhood that she knew her ornately crafted designs resonated with eager customers. 

“The reception was so positive …

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Directors Council receives $50,000 grant to help with financial planning

The Directors Council has been awarded a $50,000 grant to help low- to moderate-income residents achieve financial stability. The grant, awarded in partnership with Leap Fund, will allow four Directors Council member nonprofits to integrate …

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Guest opinion: I just broke the biggest rule in branding

Submitted by Josh Fleming, vice president of marketing, Bank Iowa

Brand standards. Brand guidelines. Brand books. Marketers know these are gospel when it comes to building a brand. Once built, you simply don’t deviate from …