Home News Monday Afternoon News, July 1st

Monday Afternoon News, July 1st


Le Mars Fire And Rescue Issues June Monthly Report

(Le Mars) — The Le Mars Fire and Rescue Department has issued its June monthly report. During the sixth month of the year, the Le Mars Fire and Rescue Department responded to a total of 39 calls, of which 18 were fire calls, ten rescues, six investigations, and five requests for services.
During the month of June, the Le Mars Fire and Rescue Department did not need to respond to any mutual aid calls.



Prinicpal Financial To Purchase Wells Fargo Retirement Trust Fund

DES MOINES, Iowa (AP) – Principal Financial Group says it has closed its purchase of the Wells Fargo’s Institutional Retirement & Trust business.
Principal said Monday it is beginning the integration of the Wells
Fargo’s 401k, pension, executive deferred compensation, employee stock ownership plans and asset advice business.
Principal Chairman Dan Houston says Principal broadens offerings in retirement and asset management, doubling the size of its U.S. retirement business with the deal.
Principal says it’s appointing several executives from the Wells Fargo business to its retirement leadership team and says it will keep open locations in Minnesota, North Carolina, Texas and the Philippines.
The Wells Fargo retirement businesses manage about $827 billion in assets.
Principal previously announced the $1.2 billion deal would be financed with cash and senior debt financing.




Reynolds Picks Plagge To Oversee Banking Division

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.
Plagge replaces Ron Hansen who was appointed by former Gov. Terry Branstad in 2015. He will step down and return to the private sector in September.
Plagge’s appointment is subject to Iowa Senate confirmation.
The banking superintendent oversees an agency that regulates state chartered banks and has authority over consumer lenders, mortgage businesses, real estate appraisers and payday lenders.
Northwest Financial, a family-owned company with 18 locations in Iowa and Nebraska, is the fifth largest Iowa-based bank.
Campaign finance records show Plagge donated $1,000 to Reynolds’ campaign in July 2017.



Supply Managers Predict Economic Growth

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.


Iowa City Police Find Dead Body At Creek

IOWA CITY, Iowa (AP) – Police officers say they have found a dead body in a creek near downtown Iowa City.
The Iowa City Police Department said that the unidentified dead person’s body was located at 6:45 a.m. on Monday in the water of Ralston Creek near Gilbert Street.
The creek is near several large apartment complexes that house many University of Iowa students.
Many homeless people are also known to frequent the creek area.
Police say the circumstances surrounding the death are unknown and that they are investigating.



Search Resumes For Missing Kayaker

BRIGHTON, Iowa (AP) – Authorities say a search has resumed for a kayaker missing along the Skunk River near Brighton in southeast Iowa.
The Washington County Sheriff’s Office says the search began after it was reported that the kayaker had flipped in the water but didn’t resurface.
The search began Saturday night and continued without success on Sunday.
The sheriff’s office says it resumed around 8 a.m. Monday.
The office identified the missing man as 52-year-old David Woodson, of Brighton.



Man Dies From Being Trapped Under Trailer

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.
First responders tried to save the man’s life, but he was pronounced dead at the scene. 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 and the trailer fell on him.