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Banking and Finance

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Corro named CEO of Coopera; De Dios Woodward to lead PolicyWorks

Affiliates Management Co., parent company of Coopera, announced that Victor Miguel Corro has been promoted to CEO of Coopera. Corro succeeds current CEO Miriam De Dios Woodward, who has accepted the position of CEO of PolicyWorks LLC, …

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A shrinking inventory

Buyers and sellers are afoot in the state banking industry, and all of that potential merger and acquisition carrying on is not likely to slow anytime soon.

Greater Des Moines bankers say they are seeing …

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BerganKDV acquires HSMC Orizon, expands Midwest locations

Cedar Rapids-based professional services firm BerganKDV will expand its Midwest footprint in a merger with HSMC Orizon. The merger, which closes Nov. 1, adds Omaha and Kansas City offices to the firm, bringing six new …

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Annuity education nonprofit hires executive director

The Society for Annuity Facts & Education (SAFE), a Des Moines-based nonprofit formed to educate and inform the general investing public about the value and strength annuity products, has hired annuity industry veteran Bob Phillips …

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Urbina named BankIowa CEO

BankIowa has named Alison Urbina as CEO, effective Oct. 1, the Corridor Business Journal reported. Urbina has been president of the company since October 2017. She now will be president and CEO, leading 11 banks. She …

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Transamerica breaks ground on $40 million project in Cedar Rapids

Corridor Business Journal: Transamerica leaders said the company is through reorganizing and ready to grow at a Monday groundbreaking for a $40 million building addition at its Transamerica Financial Park in Cedar Rapids. The financial services …

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Wells Fargo to cut workforce by up to 10 percent in 3 years

Wells Fargo plans to cut its workforce by 5 to 10 percent in the next three years, CEO Tim Sloan reported in a news release.

Reasons given were efficiency and changes in customers’ banking habits …

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JPMorgan Chase will open statewide commercial banking office in Des Moines

Chad Schaller will lead JPMorgan Chase’s commercial banking operation as the first Iowa executive director for middle market banking, according to a release. In this new role, Schaller will lead a team of bankers to …

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Principal names new global asset management leaders

Principal Financial Group has announced a leadership restructuring for its global asset management businesses as part of the company’s succession plan. 

The promotions are part of the succession for Principal Global Investors CEO Jim McCaughan, …

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Moran promoted to partner with McGowen, Hurst, Clark & Smith

McGowen, Hurst, Clark & Smith PC has promoted Wendy Moran from director to partner overseeing assurance within the firm. She assumed the new role last month and will continue to work from the firm’s West Des Moines …