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Insurance

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Deficit reduction

American households continued to pay off debt in the second quarter, although at a slower pace than before, CNNMoney.com said today after the release of a regional Federal Reserve report.

The Federal Reserve Bank of …

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EMC Insurance reports gain in third-quarter income

EMC Insurance Group Inc. today reported operating income of 49 cents per share for the third quarter up from 24 cents per share for the third quarter of 2009. Operating income for the nine month …

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Small banks are enticing as the recovery goes on


Dear Mr. Berko:

I have $40,000 that I want to gamble in bank stocks, because I think Bank of America, Citigroup, Wells Fargo and JPMorgan Chase can double in price during the next two years. …

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A Closer Look


Give me a little background.

When I was in school, I interned at Mary Greeley Medical Center in the community relations department; I interned for the Iowa State athletic department; I was a conference manager …

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Boal takes investment reins at Miles Capital


One of the best compliments Greg Boal ever received as an executive came while he was conducting a performance review.

“That individual said, ‘I have accomplished more than I thought I was actually capable of,’” …

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Fed may allow strong banks to increase dividends

Well-capitalized banks may soon be allowed by the Federal Reserve to increase dividend payments, Reuters reported.

Citing unidentified sources, Reuters said the Fed is expected to take a conservative approach in deciding which banks can …

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North Central Bancshares reports income

Fort Dodge-based North Central Bancshares Inc., the holding company for First Federal Savings Bank of Iowa, which has a branch in West Des Moines, reported net income of $1.2 million, or 76 cents per share, …

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Meredith declares dividend

The Meredith Corp. board of directors declared a regular quarterly dividend of 23 cents per share, payable on Dec. 15 to shareholders of record on Nov. 30. The company has paid a dividend for 63 …

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FBL reports third-quarter results

FBL Financial Group Inc. reported third-quarter net income of $28.7 million, or 93 cents per share, and operating income of $30.2 million, or 98 cents per share. In the year-ago quarter, the West Des Moines …

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EMC declares dividend

The board of directors at EMC Insurance Group Inc. declared a quarterly dividend of 19 cents per share of common stock payable Nov. 24 to shareholders of record as of Nov. 17. The declared dividend …