AABP EP Awards 728x90

Banking and Finance

DSC 6869

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 …

DSC 6869

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 …

DSC 6869

Report: Millennial women feel less in control of their finances than men

Millennial women lag behind millennial men on a couple of key money metrics, like the amount they have in emergency savings and the feeling that they’re financially adequate, according to a new report from MetLife, CNBC …

DSC 6869

Iowa small businesses were profit engines last year

Revenues and employment were up last year at the nation’s small businesses, but profits were flat, according to surveys by the 12 Federal Reserve Banks. 

Small businesses were defined as those with between one and …

DSC 6869

FBL Financial Group chief operating officer to retire

FBL Financial Group Inc. announced that Ray Wasilewski, chief operating officer for life companies, will retire around year-end 2019. He has been employed by the Farm Bureau Financial Services organization for 22 years. Before beginning …

DSC 6869

Finance Authority offers downpayment program

The Iowa Finance Authority has unveiled a new mortgage program for first-time and repeat homebuyers that provides a down payment wrapped in a 0% loan for up to 5% of the sale price or $5,000, …

DSC 6869

Bank Iowa tops list of healthiest U.S. companies

Bank Iowa sits atop a list of the healthiest companies in America, as determined by Interactive Health. The designation is based on the overall health of a company’s team members, as well as a high …

DSC 6869

Principal CEO: No ‘speed bumps’ anticipated in Wells Fargo deal

Principal Financial Group’s CEO says he doesn’t anticipate any regulatory issues that would prevent the proposed $1.2 billion acquisition of Wells Fargo’s retirement businesses from being approved. 

In an agreement announced this morning, Principal plans …

DSC 6869

Wells Fargo CEO Tim Sloan steps down suddenly

CNN Business: Wells Fargo CEO Tim Sloan is stepping down effective immediately as the bank struggles to overcome a litany of scandals. Sloan, a three-decade veteran of Wells Fargo, said it was his decision to relinquish …

DSC 6869

CFO Systems adds search and staffing subsidiary

Omaha-based CFO Systems, a national financial and human resources leadership firm with operations in Des Moines, announced it has launched a subsidiary company, CFO Systems Search & Staffing. The new search and staffing company is led …

dentons brweb 100125 300x250