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Banking and Finance

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VIDEO: Power Breakfast panelists weigh in on banking, lending outlook

The Business Record’s first Power Breakfast of 2024 featured banking and lending leaders in a conversation moderated by Associate Editor Mike Mendenhall and Senior Staff Writer Michael Crumb. The panel addressed topics including the effects …

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Community State Bank announces executive leadership change

Brian Hannah

Ankeny-based Community State Bank announced the appointment of Brian Hannah as president. Kurt Gibson has been serving as CEO and president since 2017 and will remain in the CEO position. The separation of …

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Two regional, Iowa-based banks release fourth-quarter reports

Two Iowa-based regional banks reported drops in year-over-year net income losses in their 2023 fourth quarter reports released Jan. 25.

But the West Des Moines-based West Bancorporation Inc. and Iowa City-based MidWestOne Financial Group Inc. …

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MidWestOne Financial Group completes acquisition of Denver Bankshares

MidWestOne Financial Group acquired Denver Bankshares Inc., parent company of the Bank of Denver for $32.6 million. The Bank of Denver and MidWestOne Bank merged following the acquisition, effective Jan. 31. Denver Bankshares shareholders received …

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GreenState Credit Union names new CEO

Vikram Israni

GreenState Credit Union announced Tuesday that Vikram Israni was appointed its new CEO. Israni succeeds Todd Fanning, who served as interim CEO since September following Jeff Disterhoft’s retirement from the company.

According to …

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Power Breakfast preview: How to maneuver a changing, uncertain lending environment

Companies and entrepreneurs entered 2024 with some positive economic indicators, including strong consumer spending and continued GDP growth, but many are watching and waiting for the Federal Reserve to take action on lowering high interest …

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Twin Cedars Bank expands into Des Moines

Twin Cedars Bank announced the opening of a new office in Des Moines, located at 2222 Grand Ave. Suite 200, set for Feb. 20. Twin Cedars, a wholly-owned subsidiary of Twin Cedars Bancorp Inc., was …

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2024 Economic Forecast takeaways

Photo by Duane Tinkey

Cautious optimism appeared to be the sentiment from the five economic experts who participated on the Business Record’s annual Economic Forecast event panel on Jan. 24.

Public and private sector leaders …

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Johnson takes helm as Iowa’s banking superintendent

James Johnson grew up in southwest Iowa, where he helped with his family’s farming operations.

The Gravity, Iowa-native wanted to stay involved with agriculture but not necessarily as a farmer. In his freshman year of …

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Johnson named COO of Serve Credit Union

Des Moines-based Serve Credit Union has hired Andy Johnson as its new chief operating officer, the company announced Tuesday. Johnson will assist the CEO in the overall management and strategic direction of the credit union. …