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Banking and Finance

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Large U.S. banks report rising profits in Q3, but have cautious outlook

Wells Fargo, JPMorgan Chase and Citigroup on Friday logged rising profits due to higher interest rates in better-than-expected earnings reports for the third quarter, according to Reuters and the New York Times.

But the major …

Kaylee Williams

Digging into responsible risk

The Federal Reserve’s 10 consecutive interest-rate hikes began 18 months ago. Investors’ valuations of startup companies have come down from the record highs of 2021, and funds have slowed dealmaking in response to economic uncertainty …

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McGill Junge Wealth Management helps double the impact of Habitat for Humanity

McGill Junge Wealth Management, a member of Northwestern Mutual’s exclusive Private Client Group, is celebrating its 10-year anniversary and spotlighting its philanthropic giving in Central Iowa. In honor of the milestone, the firm said it …

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MidWestOne Financial Group announces strategic acquisition in Denver

MidWestOne Financial Group announced that it executed a definitive merger agreement to reinvest the proceeds from the sale of its Florida operations into the acquisition of Denver Bankshares Inc., the parent company for the Bank …

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IBA honors Dave Nelson with Leach Leadership Award

The Iowa Bankers Association presented Dave Nelson, West Bank chairman and CEO, with the 2023 James A. Leach Leadership Award last week during the Iowa Bankers Association Annual Convention at Veterans Memorial Auditorium in Des …

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Affinity Credit Union named 2023 NAFCU National Credit Union of the Year

Des Moines-based Affinity Credit Union was selected as the Credit Union of the Year by the National Association of Federally-Insured Credit Unions during NAFCU’s Congressional Caucus in Washington, D.C. The award was one of eight …

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Iowa Credit Union award winners honored, board of directors sworn in

Six credit union leaders received awards for their contributions to the credit union movement during the annual Iowa Credit Union Convention this week in Coralville. Dave Cale, president and CEO of Financial Plus Credit Union, received the …

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Iowa Bankers Association announces 2023-24 leadership roles

The Iowa Bankers Association elected officers and directors to serve on its 2023-24 board of directors. The leaders assumed their roles during the IBA annual convention in Des Moines this week. The officers who were …

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

Sammons Financial Group Inc. announced that its annual community outreach program will donate $175,000 to support 24 local nonprofits. The initiative, which started in 2018, allows employees to nominate their favorite local charities each spring …

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3 Iowa financial institutions win awards for homeownership programs

GreenState Credit Union, Veridian Credit Union and Community State Bank and their community partners were recently recognized for their efforts to increase homeownership in Iowa.

The three institutions recently participated in the Iowa Homeownership Incubator …

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