GuideOne officials make case for reorganizing as stock company Thursday, February 18, 2021 10:24 AM Iowa’s insurance commissioner on Wednesday heard testimony from GuideOne Mutual Insurance executives to consider the company’s application to reorganize from a domestic mutual insurance company to a stock insurance company.
The reorganization, which would be conducted through two separate transactions, is expected to enable the West Des Moines-based insurer to increase its access to growth capital and to be better situated to acquire companies in the future as well as generate greater operating efficiencies, company executives said. The plan is the result of an evaluation of the company’s corporate structure that GuideOne’s board of directors initiated in 2018. As part of its exhibits, GuideOne filed a public copy of the reorganization plan with the insurance commission.
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ITA Group, a global leader in corporate engagement solutions, has incorporated ITA Group Europe as the newest member of the ITA Group family of companies. Based out of Belgium, ITA Group Europe will allow clients to take advantage of more culturally relevant and locally managed engagement solutions that inspire and motivate European-based employees, channel partners and customers. In addition to incorporating in Europe, ITA Group formed a strategic affiliation with Motisha, a Belgium-based leader in engagement programs. Motisha offers exceptional global capabilities, 18 years of European operational experience and a passionate and dedicated client-centric culture, similar to ITA Group.
This strategic affiliation allows ITA Group to deliver immediate benefits to clients including:
Hy-Vee adding two full-service Twin Cities stores this year Both locations will open this year, with new features to be announced at a later date. February 2, 2021 6:52pm Text size Copy shortlink:
After a pause in 2020, Hy-Vee will open two full-line stores in the Twin Cities this year in Maplewood and Spring Lake Park.
The Spring Lake Park location that was scheduled to open in late 2019 will open this spring. The exterior shell of the 75,000-square-foot building at 8155 NE. Hwy. 65 was completed last year but has sat vacant. The Fast & Fresh convenience store and fuel station in front of the main store opened in 2019.
West Bancorporation reports record 2020 earnings, increases dividend Thursday, January 28, 2021 10:49 AM West Bancorporation Inc., the publicly traded parent company of West Bank, today reported 2020 net income of $32.7 million, or $1.98 per diluted common share, compared with 2019 net income of $28.7 million, or $1.74 per diluted common share. Net income for the fourth quarter was $8.6 million, compared with fourth quarter 2019 net income of $7.6 million. The full-year net income for 2020 of $32.7 million was an all-time high for the West Des Moines-based bank holding company, and a 14% increase over 2019 earnings, even while the bank recorded a provision for loan losses of $12 million related to the uncertain and unprecedented economic conditions created by the COVID-19 pandemic. Total assets were $3.2 billion at year-end 2020, compared with $2.5 billion at Dec. 31, 2019, a 28.8% increase. Total loans increased to $2.3 billion as of Dec. 31, a 17.5%
Hy-Vee, other Twin Cities supermarkets add incentives to keep new e-commerce customers Consulting firm Mercatus predicts that online purchases will double by 2025. January 16, 2021 8:00am Text size Copy shortlink:
Hy-Vee saw its grocery delivery and curbside pickup business quadruple in 2020.
Because of the coronavirus pandemic, the sudden need for e-commerce delivery across retail has supermarkets scrambling to change and keep up. We saw five years of growth in six months, said Tina Potthoff, senior vice president of communications for Hy-Vee.
The number of online transactions for home delivery and curbside pickup at U.S. supermarkets now represents 10% of total grocery purchases, or $106 billion, according to Mercatus, an e-commerce grocery consulting firm in North Carolina.