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Banking and Finance

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Embedding free financial counseling into the community

At a time when many people in Central Iowa are facing financial hardship due to the COVID-19 pandemic, Polk County has launched a new initiative aimed at significantly increasing the availability of free financial counseling …

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Denim, Gremlin Social merge to launch joint content creation/targeted advertising platform for financial services

Des Moines fintech startup Denim is now Denim Social after merging with St. Louis-based fintech Gremlin Social, which offers a social media content creation and management platform for financial service firms. 

As Denim Social, the company is …

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FBL Financial reports first-quarter net loss

FBL Financial Group Inc. on Thursday reported a net loss for the first quarter of $2.5 million, or 10 cents per common share, compared with net income of $34.0 million, or $1.37 per diluted common share, for …

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NOTEBOOK: Principal CEO still mans the helm from 711 High St.

A couple weeks ago I had the pleasure of connecting for an early-morning one-on-one video interview with Principal Financial Group’s CEO and chairman, Dan Houston. He started off by explaining why he has been working …

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Eide Bailly names new partner-in-charge of Des Moines office

Blake Crow, a partner at Eide Bailly LLP, a regional certified public accounting and business advisory firm, has assumed the role of partner-in-charge of the firm’s Des Moines office. Before relocating to Des Moines for …

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Wells Fargo rated ‘Outstanding’ by OCC for community reinvestment

Wells Fargo & Co. announced that its most recent Community Reinvestment Act (CRA) rating for Iowa is “Outstanding.” Wells Fargo also received a national rating of “Outstanding” from the Office of the Comptroller of the Currency for …

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Principal reports lower first-quarter earnings, declares dividend

Principal Financial Group reported lower year-over-year earnings for the first quarter of 2020 but a strong financial position as it responded to the COVID-19 pandemic. Net income attributable to Principal for first quarter 2020 was $288.9 million, …

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West Bank first-quarter earnings up; bank lends more than $200 million through PPP

West Bancorporation Inc., the West Des Moines parent company of West Bank, today reported first quarter net income of $8.1 million, or 49 cents per share, compared to first quarter 2019 net income of $6.9 million, or …

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SEC proposes new rule for valuing investment funds

The Securities and Exchange Commission on Tuesday announced that it has voted to propose a new rule that would establish a framework for fund valuation practices. The rule is designed to clarify how investment fund boards can …

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Iowa Student Loan launches refinance loan program for doctors, dentists

Iowa Student Loan has rolled out a new refinance loan option for doctors and dentists while they’re working in required residencies or fellowships early in their careers. The Reset Refinance Loan for Medical Residents allows …