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Banking and Finance

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Second-quarter Iowa banking report released

Iowa banks reported an increase in loans in 2024’s second quarter and loan quality remained strong, information released by the Federal Deposit Insurance Corp. shows.

“Credit quality remains favorable with just a moderate increase in …

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Gregg named Iowa Bankers Association president and CEO, steps down as lieutenant governor

Adam Gregg

Former Iowa Lt. Gov. Adam Gregg will succeed John Sorensen as president and CEO of the Iowa Bankers Association, the organization said Tuesday.

The announcement of Gregg’s appointment to run the state’s industry …

veridian

Veridian’s Racial Economic Equity Incubator receives national recognition

Veridian Credit Union was recently recognized for work leading a Racial Economic Equity (REE) Incubator with community partners in Waterloo. Veridian is one of nine credit unions across the U.S. leading REE Incubators designed to …

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New name, new contest announced for Iowa education-savings program

College Savings Iowa is now ISave 529, says the state treasurer’s office, which operates the state’s 529 plan program. A 529 plan is a type of investment account used to save for tuition, room and …

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Stumpf named new GreenState CFO

GreenState Credit Union has announced Heather Stumpf as its new chief financial officer.

Heather Stumpf

Stumpf has 18 years of experience in the finance industry and has worked at GreenState since 2014. As the credit …

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Sammons Financial Group donates $175,000 to 24 Des Moines-area charities

Sammons Financial Group has announced $175,000 in donations to 24 charities in the Des Moines metro as part of its Community Outreach Program, which allows employees to nominate and select local nonprofits for funding. The …

Strable Houston

Strable appointed Principal Financial Group’s new president, COO

Deanna Strable, left, is Principal Financial Group’s new president and chief operating officer. Dan Houston, right, will continue to serve as CEO and chairman of the board.

Principal Financial Group has named Deanna Strable as …

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Hodges named president of new Bank Iowa location

TJ Hodges

Bank Iowa has named TJ Hodges community bank president of its new location in Johnston. Hodges has more than 10 years of experience in commercial and business lending roles in the Des Moines …

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Dupaco announces partnership to provide down payment assistance

Dupaco Credit Union has announced it will provide down payment assistance through Fannie Mae’s HomeReady Loan Down Payment Assistance program. The program will provide $2,500 to eligible homebuyers, which can be used as a credit …

Chase Ingersoll

JPMorgan Chase CEO discusses economy, company expansion during opening of new Des Moines branch

The new JPMorgan Chase branch opened Monday at 31st Street and Ingersoll Avenue in Des Moines. It was the sixth branch the bank has opened in the metro in the past six years, and it…