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Banking and Finance

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Sammons Financial Group announces record charitable donations, volunteerism in 2024

Sammons Financial Group announced that it donated nearly $4.7 million to charitable organizations in its corporate locations, including more than $1.2 million to Central Iowa organizations. The organizations include the Community Outreach Program, United Way, …

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Principal Financial Group announces large return to shareholders

Principal Financial Group, in its recent quarterly earnings report, announced that it returned $1.7 billion to shareholders in 2024, including $1 billion in share repurchases and $700 million of common stock dividends.

The move reinforces …

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MidWestOne Financial Group announces Central Iowa Advisory Board

MidWestOne Financial Group Inc., the Iowa City-based parent company of MidWestOne Bank, has announced its new Central Iowa Advisory Board. According to a news release, the group will be a resource to MidWestOne Bank’s leadership …

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UMB Financial acquires Heartland Financial

UMB Financial Corp. has closed on the acquisition of Heartland Financial USA Inc. (HTLF), which has locations in Iowa, which does business in Iowa as Dubuque Bank & Trust. The acquisition will increase UMB’s asset …

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Principal surveys find disconnect around retirement savings,smaller businesses softening after record hiring

U.S. workers are lacking confidence in their retirement readiness despite prioritizing saving, and small to midsize businesses had a softer outlook heading into 2025, recent research from Principal Financial Group found.

The latest Principal Real …

Adam Gregg

Meet Adam Gregg, new leader of Iowa Bankers Association

In late May last year, Adam Gregg got a social media alert reminding him of a photo taken of him and his family seven years earlier when he was tapped to be Iowa’s lieutenant governor.…

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Liberty National Bank names new Des Moines market president

Brandon Bennett

Johnston-based Liberty National Bank has announced Brandon Bennett as its new Des Moines market president. Bennett’s responsibilities will include overseeing the bank’s growth and profitability, strategic planning and developing customer relationships. Bennett previously …

CFO Kip Albertson

2025 Deloitte CFO of the Year: Kip Albertson

When Kip Albertson looks back on his 31 years as Bankers Trust’s chief financial officer, he has no regrets.

“I mean, maybe I would’ve done this, maybe I would’ve done that, but I can’t go …

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Wells Fargo announces fourth-quarter earnings

Wells Fargo on Wednesday posted better-than-expected earnings and said that it expects net interest income to be higher in the coming year.

The San Francisco-based lender was among several banks that announced fourth-quarter results on Wednesday. All …

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Albertson named 2025 Deloitte CFO of the Year

Kip Albertson, executive vice president and chief financial officer at Bankers Trust, has been named the Business Record’s 2025 Deloitte CFO of the Year.

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The award honors an individual for outstanding performance in …