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Banking and Finance

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Applications open for Iowa School of Banking scholarships

The Iowa Bankers Association is accepting applications for the John Hughes Memorial Scholarship to the Iowa School of Banking. The scholarship was established as a memorial in 1986 for Hills, Iowa, banker John Hughes. Two …
By BUSINESS RECORD STAFF | Feb 19, 2020
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Miles Capital to be acquired by investment advisory firm PMA

Miles Capital Inc. in West Des Moines will become part of PMA, a financial and investment adviser based in Naperville, Ill. The two firms recently announced they have reached a definitive agreement in which PMA will acquire …
By BUSINESS RECORD STAFF | Feb 19, 2020
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FBL Financial announces executive appointments

FBL Financial Group Inc. has announced the appointment of three individuals to its executive management team. The appointments, effective March 1, are: Daniel Koster, vice president, marketing and agency services (top photo); Ronald Mead, vice…
By BUSINESS RECORD STAFF | Feb 18, 2020
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Heartland’s $280 million Texas acquisition will create company’s largest bank subsidiary

Heartland Financial USA Inc. in Dubuque recently announced it has entered into a definitive merger agreement with Texas-based bank holding company AIM Bancshares Inc. in which Heartland will acquire ABI and its wholly-owned subsidiary, AimBank, for approximately …
By BPC Staff | Feb 17, 2020
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Veridian Credit Union awards $70,000 in grants, opens new grant cycle

Veridian Credit Union awarded $70,000 in grants to 15 organizations across Iowa and eastern Nebraska. Veridian awards Successful Financial Future Grants of up to $5,000 for general operating costs annually to nonprofit organizations that address …
By BPC Staff | Feb 17, 2020
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DuTrac Community Credit Union gifts $1.3M to Iowa Credit Union Foundation

From left to right: Andrew Hawkinson, CEO of DuTrac; Jaimie Miller, executive director of the Iowa Credit Union Foundation; Jason Norton, senior vice president of marketing and business development at DuTrac. Contributed photo

DuTrac Community Credit …
By BUSINESS RECORD STAFF | Feb 13, 2020
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Iowa Bankers Association seeks Money Smart essay contest entries

Students in grades six to 12 can now enter either the Money Smart Kid or Money Smart Teen Essay Contest and compete for a chance to win up to $1,000 to help boost their college …
By BPC Staff | Feb 13, 2020
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Bankers Trust announces four senior leadership promotions

Bankers Trust has promoted a few members of the bank’s senior leadership team. Tina Smith Fritz, chief operations officer, was promoted to executive vice president. Mike Wilson, chief lending officer, was promoted to executive vice …
By BPC Staff | Feb 11, 2020
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FGL Holdings announces $2.7 billion merger with Fidelity National Financial

FGL Holdings, the parent company of Des Moines-based annuity provider and life insurer Fidelity & Guaranty Life, announced it has entered into a merger agreement with Fidelity National Financial Inc., a leading title insurance company. …
By BUSINESS RECORD STAFF | Feb 7, 2020
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American Equity, Principal rank high for customer satisfaction by J.D. Power

J.D. Power has ranked American Equity Investment Life Holding Co. among the top five annuity companies in its 2019 U.S. Life Insurance Study. The study marked the first year that the annuity provider category was …
By BPC Staff | Feb 5, 2020