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Banking and Finance

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FINRA, Harkin Institute to host virtual investor education event Aug. 30

The Harkin Institute in Des Moines and the federal Financial Industry Regulatory Authority will co-sponsor a free virtual event aimed at helping investors to build their financial security and safeguard their assets amid emerging types …

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Bank of America awards $330,000 in grants to 14 Iowa nonprofits

Bank of America on Tuesday announced more than $330,000 in grants to 14 Iowa nonprofits to help drive economic opportunity for individuals and families. The grants made by the Bank of America Charitable Foundation will support programs …

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IH Mississippi Valley Credit Union to build financial center in DM

A Moline, Ill.-based credit union broke ground today for a new financial center that will be located on an outlot near the east entrance to Merle Hay Mall, at 3990 Merle Hay Road in Des Moines.

The IH …

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Davaisher named MidWestOne interim CEO; Funk recovering from bike accident

MidWestOne Financial Group, the Iowa City-based parent company of MidwestOne Bank, named Len Davaisher as the company’s interim CEO on Aug. 12 while outgoing CEO Charlie Funk recuperates from a “serious bicycling accident,” the Corridor Business …

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Wells Fargo plans major retreat from mortgage business

Wells Fargo & Co. plans to shrink its vast mortgage empire, which once churned out one of every three home loans in the U.S. and for a time made the bank the most valuable in …

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GreenState Credit Union launches charitable foundation

GreenState Credit Union has launched GreenState Foundation, a member-based 501(c)(3) dedicated to expanding the company’s community investment and philanthropic giving. The vision for the foundation includes providing members and communities with solutions to improving financial …

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Principal earnings top expectations in second quarter

Associated Press: Principal Financial Group Inc. on Monday reported second-quarter profit of $3.06 billion. On a per-share basis, the Des Moines-based company said it had net income of $11.94. Earnings, adjusted for investment gains, came to …

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Up, up and away!

Two Central Iowa-based companies with already expansive operations across the United States have globally made merger-and-acquisition headlines over the past year, with multibillion-dollar marriages to partners that promise to make each more weighty powerhouses in …

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NOTEBOOK – ONE GOOD READ: Fact sheet updates data-gathering progress on climate change risks

Today the Treasury Department’s Financial Stability Oversight Council issued a new fact sheet highlighting some of the regulatory changes that could be ahead for insurance and financial services firms related to identifying and addressing climate-related risks to …

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West Bancorporation reports second quarter earnings

West Bancorporation Inc., the parent company of West Bank, today reported second quarter 2022 net income of $12.7 million, or 75 cents per share, compared to second quarter 2021 net income of $13.2 million, or 79 cents …