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Banking and Finance

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CO-OP Financial Services realigns product lines

CO-OP Financial Services has unveiled a realigned advanced digital ecosystem that organizes the company’s payments and financial technology services along five categories of products and services — Pay, Integrate, Engage, Protect and Consult — to better …

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Credit union’s wealth management team breaks away

Corridor Business Journal: In a surprise move, the wealth management team at the University of Iowa Community Credit Union left the financial institution en masse on April 26, announcing plans to launch their own firm and …

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FBL Financial first-quarter earnings up

FBL Financial Group Inc. on Thursday reported first-quarter net income of $34 million, or $1.37 per share, compared with $23.6 million, or 94 cents per share, for the first quarter of 2018. Adjusted operating income totaled $25.9 …

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NFC program provides down payment loans for home purchases

Neighborhood Finance Corp. will provide down payment assistance loans of $10,500 to borrowers in its lending areas in Des Moines, West Des Moines, Windsor Heights and Cedar Rapids, according to a release. The 30-year, zero-rate …

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Heartland Financial profit jumps 35%

Dubuque-based bank holding company Heartland Financial USA Inc. reported first-quarter net income of $31.5 million, a 35% increase from $23.3 million in the first quarter of 2018, according to a release. During the quarter, Heartland completed …

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NOTEBOOK: Viva Las Vegas for bank marketing tips

It’s always nice to see our local experts getting a chance to shine on a national scene. Bankers Trust’s Emily Abbas was recently a main-stage panelist at the Financial Brand Forum at Caesars Palace in …

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Junior Achievement raises $80,000 in Stock Market Challenge

Junior Achievement of Central Iowa’s 12th Annual JA Stock Market Challenge raised more than $80,000. The annual event held April 9 was a success due to the support of many supporting organizations, including presenting sponsor Farm …

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West Bank loans up 16% in first quarter, dividend reaches new high

West Bancorporation Inc., parent company of West Bank, today reported first-quarter net income of $6.9 million, or 42 cents per share, compared with 2018 first-quarter net income of $7.4 million, or 45 cents per share. Overall, West …

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Nonperforming farm loans remain at pre-recession levels

U.S. farm banks increased agricultural lending by 5.3%, or $5.5 billion, to $108 billion in 2018, according to the American Bankers Association’s annualFarm Bank Performance Report. The report — an analysis by ABA’s economic research …

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U.S. Bank to close 300+ branches

Corridor Business Journal: U.S. Bank will close more than 300 branches over the next two years as it adapts to the changing ways that people get financial services, reports the Star-Tribune. The nation’s fifth-largest bank …