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Banking and Finance

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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 …

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Building & sustaining a healthy corporate culture

Editor’s Note: This article was reported and written just before the current coronavirus pandemic emergency, and reflects the company’s pre-crisis culture and work environment. 

When new team members at Sammons Financial Group arrive for their …

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Wahls takes community development role with GreenState Credit Union

GreenState Credit Union announced it has hired Zach Wahls in the newly created position of vice president, low- and moderate-income community development. Wahls will lead new initiatives to expand the credit union’s service of its …

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Wells Fargo’s asset cap could hobble its response to Paycheck Protection Program lending

One of the nation’s largest lenders may be kept largely on the sidelines of a special lending program aimed at keeping small businesses alive during the coronavirus shutdown, the San Francisco Business Times reported. Wells Fargo said …