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Banking and Finance

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Bank Iowa co-founder Harry Barr dies

Bank Iowa’s more than 270 employees are celebrating the life and achievements of bank co-founder Harry Barr, who died July 1 at the age of 84. “Harry was a man of adventure and action,” said …

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Premier Retirement Plan Advisors acquires Missouri adviser firm

Premier Retirement Plan Advisors, a West Des Moines investment adviser firm, has acquired the financial advisory business of R. Patrick Cargill, an adviser based in St. Joseph, Mo. Premier’s president, J.R. Phillips, said the acquisition …

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NOTEBOOK: Bank of America ‘sharpens focus’ with $1 billion commitment to communities

Bank of America says it is doubling down on its efforts to help drive economic opportunity, health care initiatives and racial equality efforts in Iowa and nationally, as part of a four-year, $1 billion commitment …

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Edward Jones seeks charter for FDIC-insured bank

In a move to better serve its clients, financial advisory firm Edward Jones plans to launch the Edward Jones Bank. The Jones Financial Cos. LLLP announced Wednesday it has submitted applications for the industrial bank, which would …

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Iowa banks say capital levels strong

Cedar Rapids Gazette: The Iowa banking industry continues to maintain strong levels of capital and liquidity despite the financial impact to state businesses and consumers from the COVID-19 pandemic. Iowa-chartered banks ended the first quarter with …

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U.S. Bank names new national leaders for corporate, commercial banking

Minneapolis-based U.S. Bank has announced key leadership changes in its Corporate & Commercial Banking business. As part of the realignment, Felicia La Forgia, who most recently oversaw the bank’s Oil & Gas, Retail & Apparel and Utilities …

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Federal appeals court upholds ‘best interest’ regulation for investment brokers

A new investment broker advice standard will move forward Tuesday, following a ruling Friday by a federal appeals court that upholds Regulation Best Interest, Investment News reported. An investment planning group and three state attorneys general had …

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Iowa Credit Union Foundation donates $50,000 to UNI for teacher financial literacy training

The Iowa Credit Union Foundation has pledged $50,000 to the University of Northern Iowa in support of continuing education programming for educators to prepare them to teach financial literacy curriculum in Iowa high schools. The support aligns …

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NOTEBOOK: Behavioral economics helps explain sharp uptick in deposits, drop in bank earnings

As I was writing an article last week reporting on the latest FDIC quarterly banking statistics, I had to wonder what types of factors weighed into banks experiencing such a sharp drop in earnings nationally. Net income …

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A Closer Look: Kris Williams

Kristina “Kris” Williams was named president and chief executive officer of the Federal Home Loan Bank of Des Moines effective Jan. 20. Since 2011, she had been the chief operating officer at the Federal Home …