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Banking and Finance

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Whether to tax credit unions’ income a sticking point in Iowa tax reform debate


Waterloo-Cedar Falls Courier: Whether credit unions should be taxed the same as banks remains a point of contention as state lawmakers attempt to reform Iowa’s tax laws. Currently, banks pay a 5 percent state tax on …
By BUSINESS RECORD STAFF | Apr 18, 2018
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A fix for Iowa’s broken individual health market?

Now that the Iowa Legislature and the Trump administration have enacted measures to expand association health plans in Iowa and nationally, state and federal regulators are writing rules to provide new options for many types …
By JOE GARDYASZ | Apr 17, 2018
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CO-OP Financial Services announces $30.5 million patronage pool

CO-OP Financial Services announced a patronage (shareholder dividend) pool of $30.5 million for fiscal year 2017, raising to $426.8 million the total patronage amount made available by CO-OP since becoming a cooperative in 1996. The national …
By BPC Staff | Apr 17, 2018
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Bankers Trust anniversary campaign finalist for Silver Anvil

Bankers Trust has been named a Silver Anvil finalist for its “100 Years of Trust” campaign marking its 100th anniversary. The campaign used a variety of marketing and communications techniques to instill pride, support bank …
By BPC Staff | Apr 13, 2018
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A Closer Look: Cory Holland

Cory Holland took the reins of the Dana Co. on Jan. 1, succeeding founder Dana Ramundt as president and CEO. Holland joined the West Des Moines-based independent insurance agency in 2001 and in 2010 became …
By JOE GARDYASZ | Apr 10, 2018
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Transamerica proposes $40 million Cedar Rapids campus investment

Transamerica is considering a $40 million investment in its south campus in Cedar Rapids, as the insurer consolidates operations from its north campus on Edgewood Road, the Corridor Business Journal reported. The plans include renovation of the …
By BPC Staff | Apr 9, 2018
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Wells Fargo donations in Iowa total $9.6 million in 2017

Wells Fargo & Co. announced the company donated $4.5 million to Iowa nonprofits, schools and community organizations in 2017 through corporate and foundation giving. The corporate and foundation giving by the company in Iowa came …
By BPC Staff | Apr 6, 2018
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Major mutual fund firms agree to provide fuller disclosure on fees

New York Attorney General Eric Schneiderman announced today that after an industrywide investigation into mutual fund disclosures and fees, 13 major mutual fund firms have agreed to voluntarily publish important information about their mutual funds to all …
By BPC Staff | Apr 5, 2018
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Businessolver exec accepted into Forbes HR Council

Marcy Klipfel, senior vice president of employee engagement at benefits administration technology firm Businessolver in West Des Moines, was recently accepted into the Forbes Human Resources Council, an invitation-only community for HR executives across all industries. As …
By BPC Staff | Apr 5, 2018
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Austin Jones named president of Grinnell State Bank

F. Austin Jones has been named president and chief trust officer at Grinnell State Bank, where he has worked for 31 years and most recently served as senior executive vice president, chief financial officer and …
By BUSINESS RECORD STAFF | Apr 3, 2018