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Banking and Finance

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PSCU/Co-op Solutions appoints 2 new executive vice presidents

PSCU/Co-op Solutions, a credit union service organization, announced the appointment of Vel Davidov to executive vice president, chief financial officer; and Michael Summers to executive vice president, chief culture officer. As PSCU/Co-op Solutions’ chief financial …

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First Community Trust announces partnership with Affinity Credit Union

Dubuque-based trust company First Community Trust announced a new partnership with Des Moines-based Affinity Credit Union to offer investment management, retirement and trust services in Central Iowa. Kristin Evans, a trust officer for First Community …

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ManchesterStory’s Nicole Gunderson shares her steps from investment banking to working with startups and venture capital

Like many students, Nicole Gunderson entered college not knowing what career she would land in. 

“When I started at the University of Iowa … all I really knew was that I wanted to do ‘business.’ …

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Casey’s announces third quarter results

Casey’s General Stores Inc. reported fiscal third-quarter earnings before interest, income taxes, depreciation and amortization of $218 million, down 2% from the same period a year earlier. Earnings per share were $2.33, down 13% from …

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FDIC report: Iowa banks record loan, deposit growth, net income decrease in fourth quarter 2023

Iowa’s banks showed growth in loan and deposit activity but a decrease in net income in the fourth quarter of 2023, according to data released Thursday from the Federal Deposit Insurance Corp.

A news release …

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Registration now open for the 2024 Harkin Retirement Security Symposium

The Harkin Institute will host the 2024 Harkin Retirement Security Symposium on April 30 at Drake University’s Olmsted Center. One of the keynote speakers will be journalist Mark Miller, who is the author of “Retirement …

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10 takeaways from banking, lending Power Breakfast

Iowa banking and lending experts shared cautious optimism on the outlook for interest rates, access to capital and commercial real estate lending during the Business Record’s first Power Breakfast of 2024 on Feb. 15.

The …

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VIDEO: Power Breakfast panelists weigh in on banking, lending outlook

The Business Record’s first Power Breakfast of 2024 featured banking and lending leaders in a conversation moderated by Associate Editor Mike Mendenhall and Senior Staff Writer Michael Crumb. The panel addressed topics including the effects …

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Community State Bank announces executive leadership change

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Ankeny-based Community State Bank announced the appointment of Brian Hannah as president. Kurt Gibson has been serving as CEO and president since 2017 and will remain in the CEO position. The separation of …

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Two regional, Iowa-based banks release fourth-quarter reports

Two Iowa-based regional banks reported drops in year-over-year net income losses in their 2023 fourth quarter reports released Jan. 25.

But the West Des Moines-based West Bancorporation Inc. and Iowa City-based MidWestOne Financial Group Inc. …