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Banking and Finance

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Majority of Iowa stocks gain ground in May

All but four Iowa-based stocks that the Business Record follows gained ground in May.

Double-digit one-month gainers were Renewable Energy Group Inc. at 38.37 percent, KemPharm Inc. at 20.39 percent, American Equity Investment Life Holding …

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MetaBank promotes Thorson to community banking president

MetaBank, a wholly owned subsidiary of Meta Financial Group Inc., announced that Kathy Thorson has been named its new community banking president. Thorson, who has been with MetaBank for 17 years, will oversee MetaBank’s market …

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Principal to acquire digital investment adviser platform RobustWealth

Principal Financial Group announced it will acquire RobustWealth, a financial technology company that offers a suite of white-label products for investment advisers, including a digital advice platform, goal-based investment tools and efficient client onboarding processes. Financial terms …

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Iowa Finance Authority seeking nominations for 2018 HousingIowa Awards

Nominations are due July 13 for the 2018 HousingIowa Awards, the Iowa Finance Authority announced. The awards recognize outstanding programs, projects and individuals in Iowa’s housing industry for leadership and innovation in advancing housing opportunities in the …

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Iowa treasurer: Student loan debt hurts state’s economy

Quad-City Times: Iowa Treasurer Michael Fitzgerald said Wednesday that “staggering student loan debt” has long-term effects on the state’s workforce and economy. “We hear the average [debt] in Iowa is a little over $30,000, but there’s …

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Challenging time for community banks; they keep turning a profit

Iowa banks prospered in the first quarter, with profits up 13.3 percent from a year ago to $264.9 million, but Iowa Bankers Association President and CEO John Sorensen wasn’t crowing about the good numbers in …

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Lee named CEO under Heartland Financial succession plan

Bruce Lee has been named CEO of Dubuque-based bank holding company Heartland Financial USA Inc., effective June 1. He has served as president since January 2015. After stepping down as CEO, Lynn Fuller, whose family …

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RSM US Foundation donates $157,100 to Tippie accounting program

The RSM US Foundation has donated $157,100 to the Tippie College of Business at the University of Iowa. The donation will be used to establish the RSM Excellence Fund, which is designated for a variety …

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A conversation with BlackRock’s head of the Americas

Although Greater Des Moines boasts a number of world-class financial services companies, it’s a particular honor when a top executive from an industry-leading company from outside of Iowa reaches out to our publication. That was …

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A Closer Look: Karl Keeler

Karl Keeler has held executive leadership positions at hospitals across the United States, but his new role at Mercy Medical Center-Des Moines enabled him to return to both Mercy and to Iowa. Keeler began as …