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Banking and Finance

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Top banks report strong second-quarter earnings

JPMorgan Chase, Wells Fargo and Citigroup kicked off a strong start to the second-quarter earnings season, with the three banks beating analysts’ expectations for profit and revenue, according to the Wall Street Journal.

JPMorgan Chase’s …

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Principal joins consortium to support automatic portability of US retirement accounts

Principal Financial Group announced it has joined the Portability Services Network, a consortium of retirement plan service providers focused on helping underserved and under-saved workers improve their retirement outcomes by making it easier to transfer …

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Northwest Bank awards continuing education scholarships to local students

Northwest Bank announced it has awarded continuing education scholarships to four local students. They will receive $1,000 each to support their pursuit of higher education. The recipients are Nolan Carroll from Waukee High School, Levi …

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Veridian awards $14,000 in scholarships to seven Iowa students

Veridian Credit Union recently granted $14,000 in scholarships to seven students across Iowa for the upcoming 2023-2024 academic year. The scholarships were distributed across three categories, with two $2,000 scholarships awarded to Veridian members in …

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West Bank ranked among top 20 banks by American Banker

West Bank has been ranked as one of the top 20 banks in the country by American Banker Magazine. American Banker evaluates public and private banks with assets ranging from $2 billion to $10 billion, …

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dsm Wealth: For a tax break, act soon to qualify for Endow Iowa incentive

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Lincoln Savings CEO resigns; Girsch tapped as interim leader

Lincoln Savings Bank announced that President and CEO Erik Skovgard has submitted his resignation to the bank’s board of directors and an interim leader has been appointed.

Emily Girsch

Emily Girsch, the bank’s executive vice …

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What you need to know about the Low Income Housing Tax Credit Set-Aside program

Here are some takeaways from Thursday’s informational meeting about the new Innovation Set-Aside for the Low Income Housing Tax Credit Program through the Iowa Finance Authority.

Derek Folden, tax credit director of the Iowa Finance …

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Wells Fargo economist forecasts mild, short recession for late ’23

The U.S. economy will likely dip into recession near the end of this year as a result of higher interest rates and reduced credit availability, an economist with Wells Fargo said Monday.

But the economic …

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Iowa banks show strength in first quarter

Iowa banks reported a strong first quarter of 2023 with growth in active loans, favorable liquidity and a slight increase in deposits, new data from the Federal Deposit Insurance Corp. shows.

“The year-over-year increase in …

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