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Banking and Finance

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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 …
By BPC Staff | Feb 25, 2020
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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 …
By BPC Staff | Feb 25, 2020
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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 …
By BPC Staff | Feb 25, 2020
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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 …
By JOE GARDYASZ | Feb 20, 2020
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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