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Banking and Finance

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Pohlman to retire as head of Ames National Corp.

Thomas Pohlman, chairman, president and CEO of bank holding company Ames National Corp., will retire Friday from a career in banking that spans more than 41 years, according to a release. Pohlman joined First National …

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Bankers Trust ready to build new Ankeny branch

Neumann Brothers Inc. is ready to start construction on a 7,000-square-foot Bankers Trust Co. branch in Ankeny. The new location, at 1925 N. Ankeny Blvd., will replace another Bankers Trust branch on Trilein Drive. Construction is …

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Jarvis will focus on commercial lending at Luana Savings Bank

Scott Jarvis started work today as a senior vice president at Luana Savings Bank, focusing on commercial loans. Jarvis has 17 years’ experience in the industry. He most recently served as market president for Lincoln …

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Attorneys general reach $100 million Libor settlement with Citibank

Iowa Attorney General Tom Miller announced a $100 million multistate settlement Friday with Citibank for fraudulent conduct involving Libor, which is a benchmark interest rate that affects financial instruments worth trillions of dollars and has a widespread …

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Credit union’s name change expected to cost millions after board vote

Costs to change documents, signage and other materials will reach about $2.5 million as the University of Iowa Community Credit Union rebrands itself, the Des Moines Register reported. The credit union’s board voted unanimously on June …

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Credit union’s name change expected to cost millions after board vote

Costs to change documents, signage and other materials will reach about $2.5 million as the University of Iowa Community Credit Union rebrands itself, the Des Moines Register reported. The credit union’s board voted unanimously on June …

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June 19: Iowa Society of CPAs Insurance Industry Conference

Host: Iowa Society of CPAs
About: This is for CPAs and financial professionals serving the insurance industry. Topics include: insurtech, leadership, NAIC, insurance tax, SEC/GAAP update, employee benefit plans, current expected credit losses (CECL), fraud, community …

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Rizai steps down as Workiva CEO; Vanderploeg named to top spot

Ames-based software company Workiva announced that Matt Rizai has resigned from his positions as chairman and CEO, and that its board has unanimously named Martin Vanderploeg as CEO. Vanderploeg continues as the company’s president and …

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Grinnell College names chief investment officer

Following a national search process, Grinnell College has named Jainen “J.T.” Thayer as its next chief investment officer. Thayer comes to Grinnell from the Oberlin College Investment Office in New York City, where he was chief investment …

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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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