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Banking and Finance

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Ron Hansen honored by bankers group

Ron Hansen of Liberty Trust & Savings Bank in Durant recently was presented the James A. Leach Leadership Award from the Iowa Bankers Association. Hansen recently completed his term as superintendent of the Iowa Division …

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Iowa Bankers Association’s new leaders

The Iowa Bankers Association recently elected officers and directors to serve on its 2019-20 board of directors. They include: Brad Lane of Security Savings Bank in Gowrie, board chairman; Aaron Kness of Iowa State Bank …

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Oct. 8: CFA Society Iowa luncheon

Host: CFA Society Iowa
About: Matt Ptak, CFA, director at BlackRock and member of the Renewable Power Group within BlackRock Real Assets, will present on “Investing in Energy’s Future.” This luncheon is open to CFA …

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Car debt on the rise in Iowa as U.S. car buyers owe $1.3 trillion in auto loan debt

U.S. car buyers owe $1.3 trillion in auto loan debt – equivalent to 5.5% of the national GDP –according to data from the Federal Reserve Bank of New York, reports the Cedar Rapids Gazette. In Iowa, the auto debt …

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IBA convention begins Monday in Des Moines

Michael Swanson, an agricultural economist at Wells Fargo, is among the featured speakers at the 2019 Iowa Bankers Association’s annual convention that begins Monday at Community Choice Credit Union Convention Center. Other speakers include Jeff …

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FBL Financial Group CEO Jim Brannen to retire

FBL Financial Group Inc. of West Des Moines announced that Chief Executive Officer Jim Brannen will retire in early 2020. Brannen has served as CEO since August 2012 and has been with the company for 29 …

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Wells Fargo’s new downtown branch opens Oct. 7

Wells Fargo’s newly relocated downtown branch will open at 9 a.m. Oct. 7 at 801 Walnut St. The current downtown branch at 666 Walnut will close permanently at noon Oct. 4. The new branch will …

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Principal CIO Scholten to retire at end of year

Principal Financial Group announced that Gary Scholten, executive vice president, chief information officer and chief digital officer, will retire effective Dec. 31, after nearly four decades with the company. Scholten joined Principal in 1980 and …

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FDIC: Iowa banks lend $63.2 billion to Iowa consumers YTD

Iowa-chartered banks provided $63.2 billion in loans to Iowa businesses this year through the end of the second quarter, up 5.06% from the same period in 2018, according to results released by the Federal Deposit …

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Bank Iowa to acquire First State Bank of Colfax

West Des Moines-based Bank Iowa Corp., a $1.4 billion family-owned community bank, announced plans to acquire First State Bank of Colfax. Currently owned by Dentel Bancorporation, First State Bank has $65 million in assets. The acquisition is …