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Banking and Finance

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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 …

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Serve Credit Union announces scholarship winners

Serve Credit Union, a Des Moines-based financial cooperative for public safety professionals, recently announced the five recipients of its $5,000 college scholarship program. Every year, Serve partners with the Des Moines Police Burial Association to …

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West Bancorp cautious despite stronger earnings

Corridor Business Journal: West Bancorporation, the parent company of West Bank, reported stronger second-quarter net income, while citing uncertainty over COVID-19 for a decision to break its string of annual dividend increases. The West Des Moines-based …

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PolicyWorks offers free business continuity planning tool to credit unions

PolicyWorks, LLC, a provider of governance, risk and compliance solutions, has made a self-assessment tool for business continuity planning available to its U.S. credit union clients and partner league members at no cost. The tool …