News Topic: Iowa
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GreenState Credit Union pledges $500M toward racial equity efforts
The Iowa-based institution hopes the funds can help narrow the racial homeownership gap in the state, which is believed to be among the worst in the nation. ... Read full article
Ascentra Credit Union CEO dead at 52
Dale Owen began his career at the Bettendorf, Iowa-based institution in 1999 and took over as chief executive in 2013. ... Read full article
MidWestOne in Iowa hires outsider as next president
Len Devaisher once served as a regional executive for Old National Bancorp. ... Read full article
Settlement in Iowa resolves dispute over bank-credit union branch deal
First American Bank agreed to cover costs incurred by the Iowa Division in Banking, while the regulator made it clear that the accord would not set a precedent for future credit union-bank deals. ... Read full article
Iowa credit union to enter Illinois through bank acquisition
Collins Community Credit Union has agreed to buy First Savanna Savings Bank. ... Read full article
Meta Financial to sell branches in Iowa, South Dakota to Central Bank
The company also disposed of a large agricultural loan that was nonperforming. ... Read full article
House passes offshoring bill inspired by Wells Fargo layoffs
The legislation, sponsored by Rep. Cindy Axne of Iowa, aims to hold public companies accountable for moving jobs overseas. It won unanimous support from House Democrats but attracted only two votes from Republicans. ... Read full article
Bank Iowa agrees to buy First State Bank of Colfax
Bank Iowa will gain a branch in a neighboring market when it completes the acquisition. ... Read full article
Heartland Financial buying bank in Illinois
The Iowa company will pay QCR Holdings about $59 million for Rockland Bank and Trust. ... Read full article
Iowa bank announces second asset sale to a credit union
First American Bank agreed to sell its Iowa branches to GreenState just weeks after arranging the transfer of its Florida locations to another credit union. ... Read full article
Banks, credit unions find common ground in electronic notary push
New legislation in Iowa that allows banks and credit unions to use electronic notaries could help local lenders compete with online competitors. ... Read full article
Emily Girsch, Lincoln Savings Bank | Most Powerful Women: Next
Innovation is part of Emily Girsch's daily routine. That's why the chief financial officer at Lincoln Savings Bank in Cedar Falls, Iowa, spends a lot of time thinking about the need to modernize bank regulations for the digital age. ... Read full article
UMB to buy corporate trust business in Iowa
The company will open its first office in Iowa after buying the business from Bankers Trust. ... Read full article
Heartland to expand Kansas City operations with Blue Valley acquisition
The Iowa company will pay $94 million for a bank with five branches and $727 million in loans. ... Read full article
Heartland in Iowa sells two consumer finance businesses
Heartland said the sales will allow it to focus on other operations. ... Read full article
Warren bashes banks and billionaires in first 2020 campaign swing
Senator Elizabeth Warren’s first trip to Iowa as a likely presidential candidate highlighted her fiery anti-Wall Street populism. ... Read full article
Wells Fargo layoffs begin with 1,000 mortgage, tech jobs
Wells Fargo will lay off 1,000 workers primarily from its mortgage unit in the first major round of a previously announced plan to cut the bank's workforce by as much as 10% over the next three years. ... Read full article
An Iowa bank’s mandate for selling itself: Simplify
ATBancorp had an unusual footprint that included a small bank and a number of fee-based businesses. But it had to slim down before it could find a buyer. ... Read full article
WCF in Iowa hires outsider as its next CEO
The company said that Michael Segner had also succeeded Stephen Mourlam as its president. ... Read full article
