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Banking and Finance

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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 …

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Principal hires former PG&E executive as chief information officer

Principal Financial Group today announced that Kathleen Kay, former chief information officer for Pacific Gas & Electric Co., will join Principal as its new chief information officer on May 1. She succeeds Gary Scholten, chief information …

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Iowa financial institutions on front lines of federal emergency lending provisions

Iowa’s financial institutions are about to be extremely busy lending desperately needed relief money to businesses across the state, as Congress nears passage of the $2.2 trillion CARES (Coronavirus Aid, Relief and Economic Security) Act. …

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Bankers Trust announces succession; executive Paul Erickson to retire, Emily Abbas promoted

Bankers Trust Co. CEO Don Coffin today announced that Chief Retail Officer Paul Erickson will retire and be succeeded by current Chief Marketing and Communications Officer and Chief of Staff Emily Abbas. 

“Part of my …

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Winnebago earnings down for quarter; RV market share increases

Winnebago Industries Inc. reported fiscal second-quarter net income of $17.3 million, a 20% decrease from the prior-year quarter, as reported earnings per share dipped 25% for the quarter to 51 cents, down from 68 cents …

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GreenState pays nearly $15 million for bank’s Polk County properties

GreenState Credit Union paid nearly $15 million for five properties located in Polk County that had been owned by First American Bank, real estate transaction records show.

The transaction, which was finalized on Feb. 27,…
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Banking superintendent, First American Bank reach settlement for GreenState purchase

In a settlement aimed at avoiding a lengthy lawsuit, the Iowa Division of Banking and First American Bank “agreed to disagree” in an order that will allow First American to cease banking operations and transfer …

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GreenState Credit Union, B.R.O.S., Exercising Your Character, 2020 Prometheus Awards

GreenState Credit Union is anticipating a speedy resolution to an unexpected regulatory hurdle it ran into in its planned acquisition of seven branch locations from First American Bank in Fort Dodge. The Iowa superintendent of …