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Iowa early News Headlines: Tuesday, 7/2/2019

News

July 2nd, 2019 by Ric Hanson

Here is the latest Iowa news from The Associated Press at 2:30 a.m. CDT

DES MOINES, Iowa (AP) — The chief executive officer of an Iowa-based banking company has been appointed to be the state’s top banking regulator. Gov. Kim Reynolds says she’s named Northwest Financial Corp. CEO Jeff Plagge to superintendent of the Iowa Division of Banking.

DES MOINES, Iowa (AP) — Principal Financial Group says it has closed its purchase of Wells Fargo’s Institutional Retirement & Trust business. Principal says with the closing, it is beginning the integration of the Wells Fargo retirement business that includes 401k, pension, executive deferred compensation, employee stock ownership plans and asset advice. Principal previously announced the $1.2 billion deal would be financed with cash and senior debt financing.

OMAHA, Neb. (AP) — A new report says a June survey of business supply managers suggests economic growth will continue over the next three to six months in nine Midwest and Plains states. The report issued Monday says the Mid-America Business Conditions Index rose to 55.4 last month from 54.3 in May. The survey results are compiled into a collection of indexes ranging from zero to 100. Survey organizers say any score above 50 suggests growth. A score below that suggests decline.

KNOXVILLE, Iowa (AP) — Authorities in southern Iowa’s Marion County say a man trapped under a trailer has died. The Marion County Sheriff’s Office says someone called 911 around 5:30 p.m. Saturday and said medical and other help was needed at a Knoxville address. The sheriff’s office identified him as 53-year-old Richard Shilling, who lived in Knoxville. The office says Shilling had been working under the trailer when a jack supporting it failed.