Bank leaders shuffle as Fetner resigns Iowa bankers post
R. Scott Fetner of National Bank of Waterloo resigns as president elect of the Iowa Bankers Association citing time constraints before his September start. Thomas D. Whitson of Council Bluffs Savings Bank named new president elect. Treasury rates mixed on Monday with three month bills at 7.5 percent and six month at 7.37 percent. William H. Donaldson eyed as NYSE chair. J. Peter Grace earns Spirit of Volunteerism Award. Confidence in economy little changed from June, with regional strength noted.
MENTIONED IN THIS ARTICLE
R. Scott Fetner
National Bank of Waterloo
Iowa National Bankshares Corp
Iowa Bankers Association
Fetner
Thomas D. Whitson
Council Bluffs Savings Bank
Treasury
Treasury Department
J. Peter Grace
W.R. Grace & Co
Cedar Rapids
Institute of Association Management Companies
William H. Donaldson
Donaldson, Lufkin & Jenrette Inc
New
U.S. consumer spending gains in June signal economy strength
Personal spending rose 1.0 percent to a seasonally adjusted annual rate of $3.64 trillion, the strongest in five months, with income up 0.4 percent to $4.64 trillion. The gain followed weak earlier months and revised figures show a 4.9 percent savings rate.
MENTIONED IN THIS ARTICLE
Washington
Mark M. Zandi
Regional Financial Associates
West Chester
Commerce Department
Sung Won Sohn
Norwest Corp
Minneapolis
Department
Bioremediation Firm Tackles Iowa Oil Spills
Iowa company Microbial Environmental Services uses bioremediation to speed natural microbes in soil and water to convert hydrocarbons into carbon dioxide and water. The Pioneer Hi Bred subsidiary operates in Ames Des Moines Johnston and Indiana projects.
MENTIONED IN THIS ARTICLE
Jonathan Lamptey
Microbial Environmental Services
Pioneer
Hi-Bred International
Iowa
Ames
Des Moines
Lamptey
Alaska
Midwest
Indiana
Johnston
Blue chip stocks rebound after last week's drop
Blue chip stocks recovered part of last week's losses with a late rally as the Dow industrials finish up 18.82 to 2917.33. Volume and breadth show mixed energy and financials, with Exxon Chevron Texaco among leaders and UAL slipping.
MENTIONED IN THIS ARTICLE
Iowa
Best Gaii
Procter & Gamble
Organization of Petroleum Exporting Countries
Exxon
Chevron
Texaco
Atlantic Richfield
Mobil
Amoco
UAL
Wall Street Journal
New York
Chemical Bank
Philip Morris
American Telephone & Telegraph
General Electric
International Business Machines
MidAmerica Savings Bank posts strong June quarter gains
MidAmerica Savings Bank of Waterloo reported a 54 percent rise in earnings to 672140 for the quarter ended June 30. Tangible capital grew 40 percent, assets 10 percent to 256.2 million, deposits 8 percent to 230.3 million, with fourfold federal capital requirement. The bank serves Waterloo Cedar Falls Decorah Iowa City Vinton West Des Moines and earned a federal grant for affordable housing aiding 10 to 12 families with up to 300000 in aid.
MENTIONED IN THIS ARTICLE
Waterloo
MidAmerica Savings Bank of Waterloo
MidAmerica
Cedar Falls
Decorah
Iowa City
Vinton
West Des Moines
Iowa
Federal Home Loan Bank Board
Michael Early
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Conference Board
Whitson
Aticas
Tribune Megia
Economist
Sohn
Don Yang
Seoul
South Korea
Cherry-Burrell Corp
Yang
Union Trade Corp
Cherry-Burrell
Harold Schaefer
Allan Lips
the Company
Associated Press and Gazette
Enorts
Sheraton
Zazza
Sheraton Hotel
33Rd Ave
Mary McDowell
Millhiser Smith Agency
Oakland Road
Jim Wood
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