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Banking and Finance

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Mason named EVP, general counsel of Freddie Mac

The Federal Home Loan Mortgage Corp., better known as Freddie Mac, announced it has appointed Heidi Mason as executive vice president and general counsel. Mason, a Greater Des Moines resident and Iowa State University alumna, brings 25 …

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Bankers Trust announces commercial lending leadership changes

Bankers Trust has announced leadership updates within the bank’s Commercial Lending division. Mike Wilson (upper photo), chief lending officer, will retire at the end of the month, after five years with the bank and more than 30 …

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Iowa money manager to pay six-figure fine in Texas oil well fraud scheme

Des Moines Register: A Bettendorf money manager has paid a $112,000 fine after regulators alleged that he illegally sold stakes in fraudulently represented oil well investments. According to a settlement agreement with the U.S Securities and …

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Principal reports strong 2021 results; share price reaches 20-year high

Principal Financial Group on Monday reported fourth-quarter net income of $471.8 million, or $1.76 per share, compared with $472.6 million, or $1.70 per share, for fourth quarter 2020. For the 12 months ending Dec. 31, …

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Iowa Credit Union Foundation begins 2022 with $240,000 in year-end contributions

The Iowa Credit Union Foundation, the philanthropic arm of the Iowa Credit Union League, received more than $240,000 in year-end charitable donations to jump-start its 2022 work. The largest donation came from Affiliates Management Co. and its …

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Littlefield to lead Principal’s retirement savings business; Schaff to retire

Principal Financial Group announced that Chris Littlefield has been named president of its Retirement and Income Solutions business, effective April 1. This follows the decision of Renee Schaaf, current president of RIS, to retire after more than 41 years …

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Principal joins with Premier Hockey Federation for sponsorship, social media campaign

Principal Financial Group and the Premier Hockey Federation, formerly the National Women’s Hockey League, today announced a new sponsorship that includes Des Moines-based Principal becoming the exclusive financial services marketing partner of the PHF. The partnership with …

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Bank of America provides $300K grant to Solidarity Microfinance

Solidarity Microfinance announced it has received a grant from Bank of America that will allow the Des Moines-based organization to further invest in Iowans working toward personal financial goals and entrepreneurial expansion, through $300,000 in …

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First Interstate BancSystem, Great Western Bancorp complete merger

First Interstate BancSystem Inc., the parent company of First Interstate Bank, announced that effective today, it has completed its previously announced merger with Great Western Bancorp Inc., the parent company of Great Western Bank. The combined holding company will …

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Chase opens second Iowa branch, on south side

Chase Bank, the U.S. consumer and commercial banking business of JPMorgan Chase & Co., announced that it recently opened its second Iowa retail branch, located at 6150 S.E. 14th St. in Des Moines. The branch …