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Banking and Finance

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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 …

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A Closer Look: Martina Schubert

As the first chief technology officer at LenderClose, Martina Schubert is ready for the challenge of a growing fintech startup and lending platform. 

“In the business world, sometimes it’ very complicated and hard to move …

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Principal hires Oyler as head of customer experience

Principal Financial Group announced that Jennifer Oyler has joined its global marketing team as head of customer experience. Her role will be to grow and refine Principal’s experience strategy and initiatives across the company’s audiences …

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Geis hired as Ames market president, eastern regional manager of Availa Bank

Availa Bank announced it has hired Kevin Geis as Ames market president and eastern regional manager for its Ames Branch. Geis joined the Availa Bank team earlier this month. Availa, which has Iowa roots dating back to 1870 …

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Principal reports strong second-quarter earnings, declares dividend

Principal Financial Group on Monday reported second-quarter net income of $398.3 million, or $1.45 per share, compared with $386.3 million and $1.37 per share for second quarter 2019. The Des Moines-based financial services company’s quarterly earnings beat …