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Banking and Finance

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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 …

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Wells Fargo reaches $575M agreement to settle state consumer protection claims

Wells Fargo Bank will pay $575 million to settle claims that it violated state consumer protection laws over several sales practices, including creating unauthorized accounts, according to a release from the office of Iowa Attorney …

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Iowa ranks 10th-lowest in credit card debt burden

Iowa has the 10th-lowest credit card debt burden, CreditCards.com reports. The study of credit card debts and household incomes found that Iowa’s average credit card debt was the lowest in the nation. But with pay ranked …

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Jan. 8: CFA Society Iowa Luncheon

Host: CFA Society Iowa
About: Tyler Dingel, senior vice president at CBRE|Hubbell Commercial will present on the changing landscape of retail, as well as which retailers are evolving with the times and how they are …