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Banking and Finance

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Principal hires Lamarque as general counsel

Principal Financial Group announced that Natalie Lamarque will join the company as its new general counsel, effective Aug. 1. Lamarque will have oversight over the law department, including government relations and compliance. She will also …
By BPC Staff | Jun 16, 2022
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Bank of America commits $40M to CDFIs to fund primary health care centers

To increase access to health care services in medically underserved communities, Bank of America announced it has committed $40 million in low-cost, long-term capital to finance the development and expansion of community health care centers and other …
By BPC Staff | Jun 15, 2022
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Breeze partners with Principal on individual disability platform

Breeze, an Omaha-based insurtech serving the disability insurance market, announced it has added an individual disability insurance product from Principal Financial Group to its portfolio. The new integration, built onto Breeze’s proprietary application programming interface, …
By BPC Staff | Jun 10, 2022
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Study provides new insights on flexible spending account usage

A new study by the Employee Benefit Research Institute shows that participants boosted their participation in their companies’ flexible spending accounts in 2020 over the previous year, and that contributions didn’t vary significantly based on “use it …
By BUSINESS RECORD STAFF | Jun 10, 2022
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Veridian launches early direct deposit service

Veridian Credit Union recently announced it has begun offering early direct deposit services, by releasing members’ electronic payroll up to two days sooner than the members’ payday. The new service, which started last week, is provided free …
By BPC Staff | Jun 8, 2022
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Junior Achievement of Central Iowa updates logo and branding

Junior Achievement of Central Iowa has announced the launch of its updated logo and branding, the first change to the Junior Achievement logo since 1986. The update reflects the organization’s evolution from a supplemental youth development …
By BPC Staff | Jun 7, 2022
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West Bank to add $100M in growth capital with subordinated debt, credit agreement

West Bancorporation is raising an additional $100 million of capital to support continued growth of the regional banking operations of West Des Moines-based West Bank.

In a regulatory filing on Monday with the U.S. Securities …
By JOE GARDYASZ | Jun 7, 2022
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36 credit union financial coaches graduate from People Helping People program

The Iowa Credit Union Foundation, the philanthropic arm of the Iowa Credit Union League, recently announced the graduates of the 2022 People Helping People Financial Coach Program. Thirty-six attendees from 12 credit unions completed the program, which …
By BPC Staff | Jun 6, 2022
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Data companies voice support for Financial Data Transparency Act

Ames-based Workiva Inc. is part of a coalition of financial data services companies that are urging Congress to support legislation to adopt uniform data reporting standards for federal regulatory agencies. The Financial Data Transparency Act, …
By BPC Staff | May 27, 2022
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Iowa banks’ net income dips 17% as institutions increase reserves

Iowa banks increased their loan and deposit activity in the first quarter of 2022, but net income dipped compared with the year-ago quarter as a result of increased expense provisions for potential future loan losses, …
By BPC Staff | May 26, 2022
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