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Insurance

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SBA clears loan backlog; lending uptick expected


For bowling center operator Larry Weber, hearing that his small business loan would finally move forward was like the crisp, sweet sound of a strike.

Weber, who has owned Air Lanes on Des Moines’ South …

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Strong Meredith results produce big bonus for Lacy


Meredith Corp. Chairman and CEO Steve Lacy received an incentive award of $2.1 million for the company’s 2010 fiscal year, according to the Des Moines-based communication company’s most recent proxy statement.

The Meredith board of …

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Rutledge to step down


Steven Rutledge will retire as president and CEO of West Des Moines-based Farmers Mutual Hail Insurance Company of Iowa at the end of the year, the company announced.

Rutledge, 58, has led the regional crop …

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More Iowa employers enroll for early retiree payments


Some of Central Iowa’s largest employers are among the latest organizations to be accepted into the Early Retiree Reinsurance Program, a component of the federal health reform legislation enacted in March. The federal program, administered …

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SmartyPig to launch fund-raising product for nonprofits


After developing an online savings tool that has attracted more than $600 million in deposits in less than three years, SmartyPig LLC now plans to apply the same social-media-based savings model to nonprofit organizations.

The …

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New Nationwide VP to oversee Iowa

Nationwide Financial Services Inc. announced that Tony Daniel will serve as regional vice president of sales for the company’s private-sector retirement plans business. Daniel, who will be responsible for leading Nationwide’s sales efforts in the …

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American Equity earnings release scheduled

American Equity Investment Life Holding Co. will release its third-quarter earnings results following the close of the market on Nov. 8. The release and a financial supplement will be posted on the West Des Moines-based …

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Government officials to look into mortgage lenders

Iowa Attorney General Tom Miller called on three major mortgage companies to halt pending foreclosure proceedings in the state while under investigation for improper submissions of foreclosure documents in Iowa courts.

The attorney general’s office …

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Bank card delinquencies at lowest level since 2001

Consumer loan delinquencies generally improved in the second quarter of 2010, as bank credit card accounts, home equity loans and auto loans all showed improvement, according to the American Bankers Association’s (ABA) Consumer Credit Delinquency …

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Meredith schedules earnings release

Meredith Corp. plans to report fiscal 2011 first-quarter results on Oct. 26, prior to the opening of U.S. stock markets. A conference call will be held that day at 10 a.m. Central Time to discuss …

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