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Banking and Finance

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MidWestOne Bank announces new market president

MidWestOne Bank hired Dan Clute, former Iowa House representative, as the MidWestOne Bank market president in the Des Moines metro area. Clute was previously the executive vice president and chief business officer of the Federal …
By BPC Staff | Apr 26, 2021
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West Bank recognized among top 25 community banks nationally

West Bancorporation Inc. in West Des Moines has been recognized among the top 10% of community banks in the United States as part of the 2020 Raymond James Community Bankers Cup awards. West Bancorporation, the parent company …
By BPC Staff | Apr 23, 2021
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IPERS seeks RFPs for investment consulting services

The Iowa Public Employees’ Retirement System has issued a request for proposals from qualified investment firms to provide investment consulting services for all asset classes. An evaluation committee consisting of IPERS Investment Board members and …
By BPC Staff | Apr 21, 2021
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Bank Iowa recognized for volunteer service

Bank Iowa has received the Newell/Franklin award for its service to the Altoona community. The Altoona Area Chamber of Commerce presented the award to Bank Iowa at its virtual dinner on April 10. The award …
By BPC Staff | Apr 14, 2021
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Athene releases 2020 corporate social responsibility report

Athene Holding Ltd., the publicly traded parent company of West Des Moines-based retirement services firm Athene USA, recently released its 2020 corporate social responsibility report.  Among highlights of the report, the company documented more than …
By BUSINESS RECORD STAFF | Apr 12, 2021
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FHLB Des Moines net income lower in 2020 amid lower rates, advance balances

Federal Home Loan Bank of Des Moines recently reported its fourth-quarter and full-year results. For calendar year 2020, the bank’s net income was $362 million, compared with $384 million in 2019. Net interest income totaled $472 million …
By BUSINESS RECORD STAFF | Apr 6, 2021
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AM Best upgrades American Enterprise Group’s subsidiaries’ rating to A

Des Moines-based American Enterprise Group Inc. announced that insurance rating agency AM Best has upgraded the Financial Strength Rating of its six insurance company subsidiaries to A (Excellent) from A- (Excellent). These subsidiaries operate under the brands …
By BUSINESS RECORD STAFF | Apr 5, 2021
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Sammons closes on acquisition of Beacon Capital Management

Sammons Financial Group has acquired Beacon Capital Management as the West Des Moines-based company expands its reach into the registered investment advisory services channel, the company announced this week. According to a news release, the …
By BPC Staff | Apr 2, 2021
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Principal Financial poll: Employee turnover spiking for small businesses

Employee turnover increased significantly for U.S. small businesses due to COVID-19, according to a new survey from Principal Financial Group. The company’s latest polling of more than 1,000 small business owners revealed a 20% uptick …
By BPC Staff | Apr 1, 2021
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Iowa accepting applications for rent, utility, mortgage assistance

Cedar Rapids Gazette: The Iowa Finance Authority opened applications this week for the Iowa Rent and Utility Assistance Program, which will give $195 million of federal stimulus funding to those struggling to pay rent or utility …
By BPC Staff | Mar 31, 2021
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