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Banking and Finance

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VizyPay announces hires for two new directorial positions

Waukee-based VizyPay recently announced the addition of two employees, who will both be filling a new directorial role in the company. Mana Thongvanh will serve as director of operations, and Jason Bahnsen as general counsel …

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West Bank named to Piper Sandler Sm-All Stars Class of 2021

West Bancorporation Inc. has been named to the Piper Sandler Sm-All Stars Class of 2021. The West Des Moines-based parent of West Bank was one of 35 small-cap banks in the country named to the …

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Principal Financial launches multiple-employer 401(k) plan for NAM

Principal Financial Group and HUB International LLC have partnered with the National Association of Manufacturers to introduce a multiple-employer 401(k) plan that will be available to NAM’s more than 14,000 member companies and associations. The Manufacturers …

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Funk receives Leach Leadership Award from Iowa Bankers Association

The Iowa Bankers Association recently honored Charlie Funk, president and CEO of MidWestOne Bank in Iowa City, with the 2021 James A. Leach Leadership Award, the Corridor Business Journal reported. Funk received the award last week during …

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West Bank’s Nelson to serve on American Bankers Association board

West Bank Chairman and CEO Dave Nelson will join the board of directors of the American Bankers Association for a 3-year term that begins in October, West Bancorporation Inc. announced Monday. The American Bankers Association …

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First Interstate Bank acquiring Great Western Bank in all-stock transaction

Aberdeen News: First Interstate BancSystems Inc. has entered an agreement with Great Western Bank that will combine the two companies in an all-stock transaction. Great Western Bank will merge into First Interstate BancSystems, according to a …

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Principal Financial signals it will cut some Des Moines positions amid restructuring

Des Moines Register: Principal Financial Group is laying off some Des Moines workers as the company shutters some of its lines of business. Principal issued a notice to the state last week, announcing plans to cut …

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NOTEBOOK – ONE GOOD READ: Good financial advice to your children: Give your money away

Remember when your parents told you to be sensible with your money? Apparently that’s not the most important money advice we should be giving to our kids. Instead, we should be teaching them to give …

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Iowa-chartered banks quarterly net income up 37% from 2020; loans down 1.3%

Iowa-chartered banks recorded a healthy increase in net income in the second quarter, according to bank performance data released last week by the Federal Deposit Insurance Corp. Iowa’s 266 FDIC-insured banks reported net income of $759 million …

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Wells Fargo to pay $250M fine for failure to improve oversight of mortgage business

The Hill: Wells Fargo agreed to pay a $250 million fine after the Office of the Comptroller of the Currency charged the company with failing to improve oversight of its mortgage business and comply with a …

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