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Banking and Finance

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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 …

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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 …