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Banking and Finance

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Former Davenport banker sentenced for SBA fraud; Des Moines exec to be sentenced

A former Iowa banking executive accused of attempting to defraud the Small Business Administration has been sentenced to nine months in prison and ordered to pay $4.5 million in restitution, the Iowa Capital Dispatch reported. Larry Charles …

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Iowa banks’ net income up 30.3% in 2021; loan balances up 2.7%

U.S. banks reported year-over-year increases in key financial measures for the fourth quarter and for full-year 2021, reflecting stronger economic growth, higher loan demand and improved credit conditions, according to the Federal Deposit Insurance Corp.’s fourth-quarter …

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Treasury Department to host virtual roundtable on climate-transition financing

The U.S. Department of the Treasury announced it will host a virtual roundtable, “The Climate Transition: Federal Policy and State and Local Government Best Practices,” on Thursday, March 3. The roundtable, co-hosted by the Treasury …

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Veridian CEO to participate in CUNA panel on diversity, equity and inclusion

Veridian Credit Union President and CEO Renee Christoffer will join a panel at the Credit Union National Association’s upcoming Government Affairs Conference to discuss “Diversity, Equity & Inclusion: The Key to Advancing Communities, Financial Well-Being for All …

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Principal hires new compliance, investor relations leaders

Principal Financial Group announced two new leadership hires within its compliance and investor relations operations. On Monday, Noreen Fierro (upper photo) joined Principal as senior vice president, chief compliance officer, overseeing all regulatory compliance operations for the …

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Accounting firms BKD, DHG announce plan to merge

Two leading U.S. accounting firms, BKD LLP and Dixon Hughes Goodman LLP (DHG), announced Thursday they will merge to create a new professional services firm with $1.4 billion in revenue. The two firms together will operate under …

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Evelyn K. Davis Center, GreenState Credit Union partner on multilingual financial education events

The Evelyn K. Davis Center and GreenState Credit Union are working together on multilingual financial education opportunities and services for Des Moines’ refugee and immigrant communities. Through the partnership, the Evelyn K. Davis Center’s Polk …

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Krenz named CFO of Serve Credit Union

Serve Credit Union in Des Moines has appointed Wesley Krenz as chief financial officer. Krenz has more than 13 years of financial and operational experience. Before joining Serve Credit Union, he worked for 11 years at Community 1st …

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Wells Fargo names Howe as Midwest regional banking director

Wells Fargo announced today that Laura Howe has been promoted to regional banking director for the bank’s Midwest Central region, which encompasses Iowa, western Illinois, Kansas, Missouri and Nebraska. She succeeds Marta Codina, who moved earlier this…
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VizyPay surpasses $2 billion in payments processed

Waukee-based payment processing company VizyPay announced it has surpassed $2 billion in credit card payments processed since the company’s launch in 2017. The company, which was ranked No. 45 on the Inc. 5000 list in 2021, said …