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Banking and Finance

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A Closer Look: Matt Strawn

Matt Strawn knew how to take a gamble way before he took his new job as CEO of the Iowa Lottery, where he watches others bet and makes sure it’s all on the up and …
By PERRY BEEMAN | Aug 1, 2019
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Filling the gap

Bankers Trust has teamed with Drake University to offer a twist on Drake’s popular Leading Others leadership program tailored specifically to promising employees at the prominent Des Moines financial institution. 

Bankers Trust had sent an …
By PERRY BEEMAN | Aug 1, 2019
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NOTEBOOK – One Good Read: Why the Fed is cutting rates when the economy looks good

The Fed is expected to cut rates on Wednesday for the first time in more than a decade. This Wall Street Journal piece takes a look at why: “Federal Reserve Chairman Jerome Powell is leading his colleagues …
By CHRIS CONETZKEY | Jul 29, 2019
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MidWestOne reports better than expected Q2 earnings

Corridor Business Journal: Iowa City-based MidWestOne Financial Group Inc. reported an improved second-quarter profit of $10.7 million Thursday and earnings of 72 cents per share. Earnings per share rose 7.5% from 67 cents in the second …
By BPC Staff | Jul 26, 2019
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Principal operating earnings up 9%; 55-cent dividend declared

Principal Financial Group on Thursday reported second-quarter net income of $386.3 million, compared with $456.6 million for second quarter 2018. Net income per diluted share of $1.37 for second quarter 2019 compared with $1.58 in the prior-year …
By BPC Staff | Jul 26, 2019
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FBL Financial names new chief operating officer

West Des Moines-based FBL Financial Group Inc. announced that Kelli Eddy will join the company as chief operating officer – Life Companies in mid-August. She will succeed Ray Wasilewski, who plans to retire at the end of …
By BPC Staff | Jul 18, 2019
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Wells Fargo posts higher profit on cost controls, rise in loans

Reuters: Wells Fargo & Co. reported higher quarterly profit today despite flat revenue as the bank benefited from aggressive cost-cutting. Revenue declined at Wells’ community bank and wholesale bank as net interest income was squeezed by …
By BPC Staff | Jul 16, 2019
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Art Wittmack to lead taxpayers’ group on interim basis

Art Wittmack, retired president and CEO of Neumann Brothers Inc., has been named interim president of the Taxpayers Association of Central Iowa. Wittmack, whose appointment was effective July 1, replaces Gretchen Tegeler, who accepted a position with …
By BPC Staff | Jul 11, 2019
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Vaughan joins West Bank, West Bancorporation boards

West Bank announced that Therese (Terri) Vaughan has joined the boards of West Bancorporation Inc. and West Bank, which are based in West Des Moines. Vaughan, currently an executive in residence at Drake University, was …
By BPC Staff | Jul 3, 2019
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Principal hires new chief marketing officer

Principal Financial Group announced that Beth Wood has joined the company as senior vice president and chief marketing officer, effective July 22. As CMO, Wood assumes overall responsibility of Principal’s Global Center for Brand and Insights which …
By BPC Staff | Jul 2, 2019