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Banking and Finance

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FGL Holdings names new CFO

FGL Holdings, a leading provider of annuity and life insurance products with operations in Des Moines, has appointed John Fleurant as chief financial officer, effective Nov. 11. Fleurant succeeds Dennis Vigneau, who previously announced his intention to …

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Nov. 20: 2019 Aim Higher with Tax-managed Investing

Host: Society of Financial Service Professionals Central Iowa Chapter
About: Lunch and a one hour program discussing how tax-managed investing can make a meaningful difference over the course of an investor’s time horizon.
– Lean …

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NOTEBOOK: West Des Moines officials discuss differences between art, signs

A West Des Moines financial institution wants to put a sculpture of the letters B-A-N-K stacked on top of each other near the front door of its building at 270 S. 68th St.

The request …

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Farm bankruptcies rise

Data from U.S. courts show that Chapter 12 farm bankruptcies hit the highest level since 2011 in the 12 months ending in September, and Iowa was among the states with the most, the American Farm Bureau Federation reported.…

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FBL earnings dip in third quarter

FBL Financial Group Inc. on Thursday reported net income for the third quarter of $25.1 million, or $1.01 per share, compared with $31 million, or $1.24 per share, for the third quarter of 2018. Earnings …

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West Bank reports record quarterly earnings of $7.5 million

West Bancorporation Inc., the parent company of West Bank, today reported third-quarter net income of $7.5 million, or 46 cents per share, topping year-ago net income of $7.1 million and marking a new earnings record for the …

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BerganKDV adds Erb’s Technology Solutions to its portfolio

BerganKDV recently announced its merger with Cedar Rapids-based Erb’s Technology Solutions, marking its second deal in two weeks, the Corridor Business Journal reports. ETS will take the BerganKDV name and consolidate its operations in the …

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Iowa credit unions contributed $1.57 billion to Iowa’s economy, report finds

Credit unions located in Iowa contributed $1.57 billion to the state’s economy in 2018, a report authored by Iowa State University economist Dave Swenson shows. The report, “The Economic Contribution of Iowa’s Credit Unions,” found …

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Fortress Bank begins lending in Greater Des Moines

Fortress Bank, a Peoria, Ill.-based commercial bank, has launched a loan production office in Greater Des Moines, with plans to begin opening branch banking offices within the next two years. Scott Jarvis, previously market president …

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Wells Fargo net income dips in third quarter

Wells Fargo & Co. today reported net income of $4.6 billion, or 92 cents per common share, for the third quarter, compared with $6 billion, or $1.13 per share, for the third quarter of 2018. The earnings …

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