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Banking and Finance

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Wells Fargo investing millions on upgrades at Jordan Creek campus in West Des Moines

Wells Fargo has begun remodeling offices at the company’s 160-acre Jordan Creek campus in West Des Moines in anticipation of relocating a large number of employees to the site.

Three building permits with a total …
By Kathy A. Bolten | Jul 19, 2023
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Principal launches Focused Blue Chip ETF

Principal Asset Management has launched the Focused Blue Chip ETF, which will be a large-cap growth portfolio managed by Principal Aligned, the equities investment team managing mid-cap and blue chip strategies for Principal. Principal Aligned, …
By Business Record Staff | Jul 18, 2023
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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 …
By Business Record Staff | Jul 17, 2023
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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 …
By Business Record Staff | Jul 10, 2023
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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 …
By Business Record Staff | Jul 7, 2023
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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 …
By Business Record Staff | Jun 27, 2023
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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, …
By Business Record Staff | Jun 27, 2023
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dsm Wealth: For a tax break, act soon to qualify for Endow Iowa incentive

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By Steve Dinnen | Jun 23, 2023
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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 …
By Business Record Staff | Jun 22, 2023
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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 …
By Business Record Staff | Jun 9, 2023