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Banking and Finance

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Libby Jacobs to lead Taxpayers Association board

Former Iowa state legislator Libby Jacobs has been elected as chair of the Taxpayers Association of Central Iowa’s board of directors. The association was founded in 1921 as the Polk-Des Moines Taxpayers Association. The group’s …

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Merit Management Group hires new CFO

Merit Management Group, a private equity firm specializing in the construction, HVAC and home-improvement industries, has announced Tim Carson as chief financial officer. Carson will lead Merit’s financial operations and drive the firm’s strategy and …

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Dupaco joins Federal Home Loan Bank in program to make homeownership more affordable for some borrowers

Dupaco Credit Union and Federal Home Loan Bank of Des Moines have partnered on the Mortgage Rate Relief program, which can provide eligible members with a reduced-rate mortgage. The Mortgage Rate Relief program provides $25 …

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Fintech platform announces partnership with Iowa Credit Union League

Clutch, a credit union service organization, announced a new partnership with the Iowa Credit Union League to assist more Iowa credit unions and their members. Clutch’s platform specializes in omni-channel consumer loan and deposit account …

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Affiliates Management Co. and FinMkt launch ‘CU DigiLend’ as point-of-sale service for credit unions

The Iowa Credit Union League’s holding company, Affiliates Management Co., and New York-based FinMkt announced a new partnership and the launch of CU DigiLend, a lending and point-of-sale financing technology for credit unions. CU DigiLend …

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Hillary Hughes wins Top Woman Leader & Dealmaker of the Year

Prairie Capital Advisors, a corporate advisory and investment banking firm, announced that managing director Hillary Hughes has been recognized with the Top Woman Leader & Dealmaker of the Year for 2024 from M&A Atlas. The …

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Watercress Financial closes $100M revolving credit partnership with DZ Bank

Watercress Financial Group LLC announced it has closed on a $100 million revolving credit warehouse facility with DZ Bank to enhance liquidity for contractors to offer long-term home improvement loans. This partnership aims to support …

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Jenn Bleil hired as chief people officer for GreenState Credit Union

GreenState Credit Union has hired Jenn Bleil as its new chief people officer. In the role, Bleil will lead a team focused on a range of areas, from talent acquisition, performance management, and employee engagement …

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First Community Trust announces partnership with Premier Credit Union

First Community Trust, a Dubuque-based trust company, has announced a new partnership with Des Moines-based Premier Credit Union to offer investment management, retirement and trust services to more people in Central Iowa. Wealth adviser and …

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First-quarter Iowa banking report released

Iowa banks reported increases in deposits and loans in the first quarter of 2024, information released by the Federal Deposit Insurance Corp. shows.

“Our nation’s banking industry continued to show resilience as first-quarter earnings bounced …