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Banking and Finance

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Bankers Trust agrees to sell corporate trust business

Bankers Trust Co. has agreed to sell its corporate trust business to Kansas City, Mo.-based UMB Bank, a subsidiary of UMB Financial Corp., according to a release. As part of the acquisition, UMB will open …
By BPC Staff | Mar 5, 2019
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West Bank to expand Minnesota operations

West Bank plans to open loan production offices in the Minnesota communities of St. Cloud, Mankato and Owatonna with the goal of converting those offices to full-service branches, the West Des Moines-based operation said in …
By BPC Staff | Mar 4, 2019
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University of Iowa Community Credit Union picks new name following state law change

Des Moines Register: University of Iowa Community Credit Union has selected a new name after state legislators compelled the state’s largest credit union to abandon its longtime flag. The North Liberty-based credit union announced Wednesday that …
By BPC Staff | Feb 28, 2019
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FBL Financial increases dividend, declares special cash dividend

West Des Moines-based FBL Financial Group Inc. announced a 4.3 percent increase in its quarterly cash dividend to 48 cents per share, and a special cash dividend of $1.50 per share. The special cash dividend, payable on …
By BPC Staff | Feb 28, 2019
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A Closer Look: Doug Habgood

Doug Habgood relies on hundreds of to-do lists.

“Everything is a project. If we had one checklist, it would be overwhelming,” said Habgood, who is the new tournament director of the annual Principal Charity Golf …
By SUZANNE BEHNKE | Feb 28, 2019
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Iowa bank profits, loans continued to grow at end of 2018

Iowa banks reported net income of nearly $1.1 billion in the final quarter of 2018, up 16 percent from the same period last year.

“We’re continuing to see the benefits of the second longest economic …
By BUSINESS RECORD STAFF | Feb 22, 2019
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Newsmaker Q&A: Mary Mack

Priorities for Central Iowa’s largest employer: Talent recruitment and retention, offering its workforce career paths, restoring trust with customers and among workers, data security.

Wells Fargo’s Mary Mack, the financial and banking firm’s senior executive …
By SUZANNE BEHNKE | Feb 14, 2019
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March 5: CFA Society Iowa luncheon

Host: CFA Society Iowa
About: Mike Pyle, former senior international economic adviser to President Barack Obama and BlackRock’s deputy CIO for multi-asset strategies, will present on “How to Assess Frequent Changes in Geopolitical Risks and …
By BPC Staff | Feb 13, 2019
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Wells Fargo extends branch hours, staffing after customer account outage

Wells Fargo is offering extended branch hours and additional staffing in contact centers to serve customers after a widespread mobile and online outage impacted customer banking on Thursday. All 5,500 Wells Fargo branches will extend …
By BUSINESS RECORD STAFF | Feb 8, 2019
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CB Insights honors Next Level Ventures

CB Insights has recognized Des Moines-based Next Level Ventures as Iowa’s most active venture capital firm, for the fourth straight year. Next Level Ventures invests between $1 million and $4 million in high-growth businesses and currently …
By BPC Staff | Feb 7, 2019