Iowa

The Iowa-based credit union emphasizes "service-oriented leadership" and empowered" employees.

The Iowa-based credit union is one of seven groups competing for a $15,000 economic development award from the Federal Home Loan Bank of Des Moines.

The company said that Michael Segner had also succeeded Stephen Mourlam as its president.

The company will enter the Iowa cities of Des Moines and Dubuque as part of the $170 million acquisition.

In a win for bankers, a new state law is forcing major changes at two Iowa credit unions – and analysts say CUs in other states could face the same fate.

Banks are adjusting loan terms, making use of federal loan guarantees and working with farmers to find new markets, all in an effort to mitigate the damage from a likely drop in soybean exports.

Sponsoring so-called pitch competitions helps lenders gain Community Reinvestment Act credit and gather deposits.

Sioux Valley Community Credit Union and Coulee Dam FCU are set to convert to Fiserv's Portico platform.

Kathy Thorson, who is currently a market president at MetaBank, will oversee strategy for all of its four markets.

CEO Bruce Lee believes a multicharter model, which many other banks have scrapped, gives the Iowa company an edge in smaller markets.

The CEO of Iowa's largest credit union suspects a rider attached to a budget bill before the state's legislature was inserted to "placate bankers" after the recent failure of a move to tax CUs there.

The Iowa company said that Bruce Lee will take over its top post next month.

Murray Williams has been with the league for 22 years and has served as chief operating officer since 2011.

Iowa lawmakers have reached a compromise on tax reform that preserves credit unions' tax status in the Hawkeye State.

A University of Iowa regent who questioned the credit union's relationship with the university is part-owner of a local bank.

Online banks and some credit unions are responding to Fed rate hikes by aggressively raising deposit rates on CDs, savings accounts and money market products, while the nation's biggest banks are largely standing pat — for now.

About 750 people took part in a rally at the state capitol in Des Moines to protest a proposed tax on Iowa's credit unions.

Iowa lawmakers are considering a bill that would lower taxes for banks and impose a franchise tax on credit unions. The move could be a bellwether for other states looking at similar measures.

Nussle, a former U.S. representative from the Hawkeye State, called the proposed legislation "bad for Iowa."

The Iowa company was sidelined by a Fed order for 2,155 days. Finally free, Ambank is open to making an acquisition and offering its mortgage origination services to other institutions.