isu web 102224 728x90

Banking and Finance

DSC 6869

NOTEBOOK – ONE GOOD READ: Older Americans have saved trillions. Now what?

Baby boomers and older Americans have saved trillions of dollars over the past several decades and now they have started handing it out to heirs and others, write Ben Eisen and Anne Tergesen for the Wall …
By KATHY A. BOLTEN | Jul 7, 2021
DSC 6869

Principal increasing shareholder payments amid cuts to insurance, retirement businesses

Des Moines Register: Executives at Des Moines-based Principal Financial expect to increase payments to shareholders as the company sells off some of its traditional lines of business. Company leaders said during a presentation Tuesday that they …
By BPC Staff | Jun 30, 2021
DSC 6869

Principal to exit consumer life insurance, fixed annuities following sweeping strategic review

Principal Financial Group this morning announced significant changes to its product portfolio and capital management strategy, following a comprehensive review of the company’s business mix and capital management options. The strategic review was part of …
By BUSINESS RECORD STAFF | Jun 28, 2021
DSC 6869

Jason Gross joins ManchesterStory Group as vice president

Jason Gross is joining the venture capital firm ManchesterStory Group as vice president and head of platform, the company announced today. Previously the vice president of innovation at EMC Insurance, Gross has more than 20 …
By BPC Staff | Jun 22, 2021
DSC 6869

Greater Iowa Credit Union partners with First Community Trust to expand services

Greater Iowa Credit Union, based in Ankeny, and First Community Trust N.A., based in Dubuque, announced a new partnership to offer trust services, investment management and retirement services to GICU members. First Community Trust’s services include investment …
By BPC Staff | Jun 17, 2021
DSC 6869

Treasury awards $9.9 million to seven Iowa CDFIs through Rapid Response Program

The U.S. Department of the Treasury on Tuesday awarded $1.25 billion in COVID-19 relief funds to 863 community development financial institutions, including seven CDFIs in Iowa that collectively received $9,917,445. The awards, announced by Vice …
By BUSINESS RECORD STAFF | Jun 16, 2021
DSC 6869

Principal to shut down RobustWealth digital advice subsidiary

Principal Financial Group has made a “strategic business decision” to close down its RobustWealth subsidiary, the digital advice startup company that it acquired in 2018, Digital Insurance journal reported. Principal made the decision after it completed its …
By BPC Staff | Jun 15, 2021
DSC 6869

CUNA Mutual Group, LPL Financial form strategic alliance

CUNA Mutual Group, a broad financial services provider based in Madison, Wis., announced a strategic alliance with LPL Financial to offer LPL’s digital platform for its wealth management business, CUNA Brokerage Services Inc. CBSI will continue to …
By BPC Staff | Jun 15, 2021
DSC 6869

Hightshoe joins Community State Bank holding company as diversity officer

Kate Hightshoe has joined QCR Holdings Inc., the parent company of Community State Bank, as assistant vice president and diversity officer. She will be based at Community State Bank’s Johnston branch. For several years, Hightshoe has …
By BPC Staff | Jun 14, 2021
DSC 6869

HBT Financial to acquire NXT Bancorporation to enter Iowa market

HBT Financial Inc., the holding company for Heartland Bank and Trust Co. in Illinois, will expand its footprint into Iowa with the acquisition of NXT Bancorporation Inc., the Corridor Business Journal reported. Based in Bloomington, Ill., HBT …
By BPC Staff | Jun 14, 2021