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Banking and Finance

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Sans stagecoach, Wells Fargo to launch new credit card portfolio in July

Wells Fargo & Co. this week announced it will launch a new portfolio of credit cards as part of the bank’s transformation in its recovery from its fake-accounts scandal, American City Business Journals reported. Wells Fargo will …

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Dubuque Bank & Trust, Heartland Financial announce leadership changes

Dubuque Bank and Trust has named Tyson Leyendecker as president and CEO. Leyendecker will replace Tut Fuller, the bank’s president and CEO since 2017, who has been promoted to regional president at Heartland Financial USA, DB&T’s holding company, …

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Shazam’s Christensen re-elected to U.S. Faster Payments Council board

Shazam Inc., a Johnston-based nationwide provider of financial services to community banks and credit unions, announced that Kevin Christensen, senior vice president of market intelligence and data analytics, was elected to a second three-year term on the U.S. …

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Sammons life insurance division president to retire

Steve Palmitier, president and chief operating officer of Sammons Financial Group’s life insurance division, has announced his plan to retire at the end of the year. In his 25 years with Sammons, Palmitier has been instrumental in …

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Bankers Trust general counsel named to industry 40 Under 40 class

The Independent Community Bankers of America’s Independent Banker magazine has selected Emily Stork, senior vice president and general counsel at Bankers Trust, for its 2021 40 Under 40: Emerging Community Bank Leaders awards. The award …

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Gulling to retire from West Bank; Funk to step into CFO role

West Bancorporation Inc., parent company of West Bank, announced that Douglas Gulling will retire as executive vice president and chief financial officer of West Bank effective Sept. 30, and as executive vice president, treasurer and CFO of …

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Iowa banks’ net income up by double digits in first quarter; loans up 5.1%

Iowa banks reported net income of $391 million for the first quarter of 2021, a nearly 61% increase from the first quarter of 2020, according to the Quarterly Banking Profile released Wednesday by the Federal Deposit Insurance …

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NOTEBOOK – ONE GOOD READ: Green finance goes mainstream

Here’s an interesting read from the Wall Street Journal that takes an encouraging look at the prospects for a more sustained interest in green investments, fueled perhaps not so much by altruism but another kind of green …

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Ruan IV elected chair of Bankers Trust board, succeeding Ruan III

The Bankers Trust board of directors has voted John Ruan IV as chairman of its elected board. In this role, he will lead the board and ensure it is effective in setting and implementing the …

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Wells Fargo employees’ class action on retirement plan to move forward

A federal judge has denied Wells Fargo’s request to dismiss a class-action lawsuit that claims the mega bank mismanaged its more than $40 billion 401(k) plan, Benefits Pro reported. Brought on behalf of participant Yvonne Becker in …