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Banking and Finance

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Iowa banking superintendent blocks GreenState’s First American acquisition

The Iowa Division of Banking has denied an application by First American Bank in Fort Dodge to convert to an Iowa corporation, a step the agency said is necessary for GreenState Credit Union to acquire …

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FDIC: Loans at Iowa-chartered banks rose 3.7% in 2019

Iowa-chartered banks reported $64.3 billion in active loans on their books at year-end 2019, up  3.7% from the prior year, according to results released Tuesday by the Federal Deposit Insurance Corp. End-of-year net income for the Iowa …

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Financial advisers counsel investors to stay the course during coronavirus market dip

As U.S. investors panicked Tuesday amid global reports of a wider outbreak of the coronavirus, financial advisers urged their clients to avoid reacting negatively to the market dip, InvestmentNews reported.

More new cases of infection were …

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Principal Financial’s board approves $900 million in additional stock repurchases

Principal Financial Group today announced its board of directors approved a new authorization for the repurchase of up to $900 million of the company’s outstanding common stock. As of Dec. 31, 2019, approximately $168 million remained under …

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Bank of America’s Better Money Habits site offers tips on taxes, money management

With tax season in full swing, Iowans who are anticipating federal and state tax refunds may be wondering how to leverage their refunds to fulfill their new-year resolution of managing their money better. Bank of …

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Happel to retire from FBL Financial Group

FBL Financial Group Inc. announced that Charles Happel, chief investment officer, will retire around midyear. Happel has been with FBL for 36 years, including the last 11 years as chief investment officer. He joined the company in …

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Financial pros find a lot to like about the new SECURE Act

Most of us have heard the joke about how citizens should run whenever they hear “I’m from the federal government, and I’m here to help you.” 

However, financial services professionals aren’t running away from the …

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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 …

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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 …

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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…