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Banking and Finance

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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 …

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Veridian President and CEO Monte Berg announces retirement

Veridian President and CEO Monte Berg has announced his plan to retire in July after 30 years at the credit union. Veridian’s board of directors has accepted his recommendation to name Renee Christoffer as the …

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Money Smart Kid, Money Smart Teen essay winners announced

Loeck Helvie, an eighth grader at Treynor Middle School in Treynor, and Jack Anderson, a senior at Akron-Westfield High School in Akron, won the statewide financial literacy essay contests for Money Smart Week Iowa and have been …

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GREATER: Build a sturdy three-legged financial stool

The Idea: Giving our young people a solid financial education is key, but financial education is a three-legged stool that needs investment from home, school and financial institutions. Financial institutions in partnership with high schools …