Iowa

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.

The company will set aside more than $10 million, with most of the provision addressing an issue with a commercial loan.

The company will pay $186 million for First Bank Lubbock in a deal that also includes mortgage unit PrimeWest Mortgage.

The company will pay $53 million in cash and stock for Signature Bank.

The credit union will be CU*Answers' second member-owner in the greater Des Moines area

The parent of State Bank in New Hampton has agreed to buy the holding company for Peoples Trust & Savings Bank.

Des Moines CU has expanded its FOM to include first responders, government employees and more.

The Illinois company agreed to pay $44 million to buy Guaranty Bank, the biggest institution based in Cedar Rapids, Iowa.

Iowa Governor Kim Reynolds has announced Kim Averill as the new head of the Iowa Division of Credit Unions, replacing retiring JoAnn Johnson.

Johnson has led the Iowa CU regulator’s office since being appointed by the governor in 2011.

Heartland Financial in Dubuque, Iowa, is looking to raise $53.5 million through a public offering.