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Banking and Finance

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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 …

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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 …

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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 …

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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 …

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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 …

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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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