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Banking and Finance

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Food a popular digital wallet purchase for Black Friday shoppers

Consumers are increasingly pulling out their digital wallets to make payments during the Black Friday through Cyber Monday shopping frenzy, according to an analysis by payments processor The Members Group. The analysis of more than …

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USDA names Cedar Rapids Bank & Trust as business lender of year

The U.S. Department of Agriculture named Cedar Rapids Bank & Trust as Business Lender of the Year. Cedar Rapids Bank & Trust used $38 million from the USDA’s loan program to assist seven businesses in …

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Majority of Iowa districts now offer financial literacy course

More than 350 Roosevelt High School seniors today were recognized for completing the Iowa Financial Literacy Program, sponsored by EverFi Inc., Principal Financial Group Inc. and the Iowa Insurance Division. The online program, which is …

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Wells Fargo grants $200,000 to Drake business programs

Wells Fargo & Co. recently renewed its long-standing commitment to Drake University’s College of Business and Public Administration with a five-year, $175,000 grant to the university’s Professional and Career Development Center. The grant enhances Drake’s …

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Social Money acquired by Austin-based firm for $10.6 million

Q2 Holdings Inc., an Austin, Texas-based cloud-based banking software company, has acquired West Des Moines-based Social Money, the company that developed the SmartyPig social savings product.


Q2 acquired all of the outstanding interests of Social…
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Great Western Bank acquires Home Federal Bank

Great Western Bancorp Inc. will acquire HF Financial Corp., parent of Home Federal Bank, in an $140 million deal that will create a banking operation with $11.3 billion in assets, $8.5 billion in loans and …

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Bank economists predict upbeat consumers and robust sales for holiday season

Economists for Wells Fargo & Co. and Bank of the West are predicting that retail sales will come up roses on Black Friday and through the holiday shopping season.


Merchants might miss the flush cheeks…
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Iowa construction and development loans up

Construction and land development loans led an 8.4 percent increase in lending in the third quarter over the same time last year, according to the Iowa Bankers Association.


Iowa banks provided more than $51.5 billion…
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Construction and development loans push lending at state banks

Construction and land development loans led an 8.4 percent increase in lending in the third quarter over the same time last year, according to the Iowa Bankers Association. Iowa banks provided more than $51.5 billion …

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U.S. House votes to roll back mortgage rules

The U.S. House of Representatives passed legislation Wednesday that critics argue rolls back regulations for mortgages that were created to prevent the bad lending practices responsible for the financial crisis of 2008, The Hill reported.


The…