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Banking and Finance

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Shaping the future of retirement savings

When Nora Everett began working for Principal Financial Group 27 years ago, her son was just 2 years old and her daughter was 3 months old. Now, a generation later, her kids are young adults …

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Wells Fargo experiences widespread online, mobile outage

Wells Fargo customers across the country were finding it nearly impossible to get any of their mobile and online banking done this morning while the bank suffered from what seemed to be a severe outage,…
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Wells Fargo’s Mary Mack to Scouts: Give back to the community

Wells Fargo, Central Iowa’s largest employer, has focused on supporting the communities in which it operates, said Mary Mack, the senior executive vice president, head of consumer banking, who oversees 107,000 workers across the country.…

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IEDA board takes second look at Sammons expansion, approves $4M in incentives

Sammons Financial Group and its subsidiaries will receive $3.8 million for a $65 million construction project that could add 125 jobs to its West Des Moines workforce of about 500 people. The Iowa Economic Development …

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West Bank parent reports record net income for 2018

West Bancorporation Inc. reported record profits of $28.5 million, or $1.74 per share, for 2018. In 2017, the West Des Moines bank holding company reported net income of $23.1 million, or $1.41 per share. Net …

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Strong economy, with an asterisk

What should we expect from the economy in 2019? 

Given what happened in December into the first few weeks of this year, maybe a neck brace is in order. 

But the dramatic ups and downs …

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Two Rivers acquires Keokuk branches of Dubuque Bank and Trust

Burlington-based Two Rivers Bank & Trust has entered into an agreement to buy two Dubuque Bank and Trust branch offices in Keokuk operating under the name First Community Bank, the Corridor Business Journal reported. Dubuque Bank and …

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Heartland sells finance units to focus on banking

Corridor Business Journal: Dubuque-based Heartland Financial USA has sold its Citizens Finance and Citizens Finance of Illinois units to American Credit Acceptance of Spartanburg, S.C., for $70 million, American Banker reported. “Over the past five …

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Wells Fargo revenue misses estimates on weakness in consumer banking

Wells Fargo & Co. today posted quarterly revenue that missed analysts’ estimates, Reuters reports, as revenue across all its banking units declined, especially at community banking, the unit at the center of its 2016 sales scandal. The …

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Anderson will lead Des Moines Metro Credit Union

Jim Anderson has been named CEO of Des Moines Metro Credit Union, succeeding Brent Helin, who announced his retirement earlier this year, according to a release. Anderson has been with Des Moines Metro Credit Union …