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Banking and Finance

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Jeff Plagge appointed as next banking superintendent

Gov. Kim Reynolds announced today that she has appointed Jeff Plagge, president and CEO of Northwest Financial Corp., to serve as superintendent of the Iowa Division of Banking. Plagge will begin the new role on Sept.…
By BUSINESS RECORD STAFF | Jul 1, 2019
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Credit union plans to acquire 7 First American Bank branches

GreenState Credit Union, the rebranded University of Iowa Community Credit Union, plans to acquire seven branches of First American Bank, the institutions announced Tuesday. 

The acquisition includes two Des Moines branches of First American as …
By BPC Staff | Jun 26, 2019
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Sammons Financial Group breaks ground for West Des Moines headquarters


Sammons Financial Group on Thursday celebrated the start of construction for its new West Des Moines headquarters, a $65 million project that will bring the company’s approximately 500 Central Iowa employees under one roof and …
By BPC Staff | Jun 21, 2019
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Principal announces leadership additions in Wells Fargo IRT integration

Principal Financial Group has announced key additions to its Retirement & Income Solutions leadership teams from Wells Fargo Institutional Retirement & Trust. 

Principal in early April announced a $1.2 billion deal to acquire Wells Fargo’s Institutional Retirement & Trust …
By BUSINESS RECORD STAFF | Jun 19, 2019
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Bank Iowa develops kids’ book as savings incentive

A children’s book that Bank Iowa promises is “big on heart and humor” is available to Des Moines-area residents beginning today. Developed in conjunction with illustrator and artist Nathan T. Wright, “Eleanor Saves the Day” …
By BPC Staff | Jun 18, 2019
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Wealth Enhancement Group acquires Maryland firm

Minneapolis-based Wealth Enhancement Group, which has an office in West Des Moines, announced it has signed a definitive agreement to acquire Planning Solutions Group LLC, a hybrid independent financial advisory business based in Fulton, Md., with more …
By BPC Staff | Jun 18, 2019
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July 16: CFA Society Iowa luncheon

Host: CFA Society Iowa
About: Wamsi Mohan of Bank of America will present on blockchain and its impact on consumers and financial institutions. This luncheon is open to CFA Society Iowa members and nonmembers. 
When: …
By BPC Staff | Jun 17, 2019
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NOTEBOOK – One Good Read: Is lazy thinking taking over markets?

“The value of a home always increases.” That certainty in thinking was one factor that helped lead to the blindness that was a major trigger of the Great Recession. Billionaire investor and Oaktree Capital Management …
By CHRIS CONETZKEY | Jun 14, 2019
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A midyear market checkup from Wells Fargo’s chief investment officer

Although growth will likely continue to slow this year, the U.S. economy is on track to attain the longest economic recovery since the late 1940s, as the current expansion extends past the 10-year mark in …
By JOE GARDYASZ | Jun 13, 2019
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A mid-year market checkup from Wells Fargo’s chief investment officer

Although growth will likely continue to slow this year, the U.S. economy is on track to attain the longest economic recovery since the late 1940s, as the current expansion extends past the 10-year mark in …
By JOE GARDYASZ | Jun 13, 2019
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