Plainfield
Plainfield, IA · Business
hmenews.com
Mike Mallaro on VGM’s turnaround, culture & founder
WATERLOO, Iowa – Success stories rarely happen without setbacks. In his new book, VGM: Stories & Lessons of a Great American ESOP Company, former CEO Mike Mallaro details the challenges, tough decisions and leadership lessons that shaped the company over the past 40 years. He spoke with HME News recently about the occasional “messiness” of running a business and why it’s important to take a step back and “sleep on it.”
sun-courier.com
Lincoln Savings Bank to merge with and into Wichita-based Equity Bank
REINBECK – Equity Bancshares, Inc., the Wichita-based holding company of Equity Bank, along with Lincoln Bancorp, the parent company of Lincoln Savings Bank, headquartered in Reinbeck, announced last week Thursday, Sept. 3, they have entered into a definitive merger agreement for Lincoln to merge with and into Equity, adding 16 locations to Equity’s franchise.
sun-courier.com
Local banking options double in Reinbeck
REINBECK – With the snip of a ribbon last Thursday, the community of Reinbeck officially doubled its local banking options. “A couple years ago … we thought, what’s another great community in Grundy County that we can go and be a part of?” Peoples Savings Bank President and CEO Eric Olson said as part of his remarks to a large group of community leaders, customers and employees gathered on the afternoon of Thursday, Sept. 3, to celebrate the opening of PSB’s newest location along Highway 175 in Reinbeck. “We are super excited to come to Reinbeck and bring some community banking back to the town and just share what it is that we do and hopefully be a blessing to the community.”
Cedar Rapids Gazette
Pactiv Evergreen packaging plant strike nears 45th day
CEDAR RAPIDS — A strike at the Pactiv Evergreen plant off Wilson Avenue and Sixth Street SW in Cedar Rapids will reach the 45-day mark Friday. Workers with UAW Local 1024 began the strike July 28 in response to ongoing contract negotiations with Novolex, the company that bought Pactiv Evergreen in 2025. The plant produces packaging for liquid food products like refrigerated juice and dairy, according to the Cedar Rapids Metro Economic Alliance website . A couple of weeks before the employees’ union contract ended July 17, UAW Region 4 servicing representative Heather Keag said Novolex held an all-hands meeting with the 54 workers. They were told the company made $9 billion in the last year and that the Evergreen plant had made the most profit for the company. Despite Novolex’s apparent success, Keag said the wages proposed in its final offer were insufficient to meet workers’ needs. “Going out on strike is the last thing that we wanted to do, but the company would not continue to negotiate with us,” Keag said. “Let’s put it this way: Their offer did not keep up with the cost of living.” Keag said union members voted 38-8 in favor of the strike.
Des Moines Business Record
Data center developers launch Infrastructure for America
Data center developers Compass Datacenters, Digital Realty, QTS and Vantage Data Centers have launched Infrastructure for America (IFA), a newly formed 501(c)(4) organization that is a national platform giving voice to the people who build, power, support and benefit from data centers across the United States, according to a news release. IFA will support constructive, fact-based conversations about data centers and their role in strengthening local communities through infrastructure investment, community partnerships, increased tax revenue and job creation. QTS has a data center under construction in Cedar Rapids and is under contract to purchase an 1,100-acre site in Clinton, Iowa. As communities weigh questions about energy use, water resources and land development, IFA was created to ensure that those closest to the issue help shape the answers. The organization brings together community leaders, workers, businesses, educators, residents and other stakeholders who share an interest in responsible data center growth and informed public dialogue, the news release states.
WHO 13
State audit: Hudson overpaid developers over half a million dollars
HUDSON, Iowa — A new report from the Iowa Auditor of State says the City of Hudson overpaid developers by more than $582,000 and identified additional problems involving bank reconciliations, fund transfers and deficit balances. Auditor of State Rob Sand released the reaudit Wednesday. It reviewed city financial activity from July 1, 2022, through June […]
superhits1027.com
Waterloo leaders vote to block data centers for three months
WATERLOO — Hours after a near-two-billion dollar deal was announced to restart a nuclear plant near Cedar Rapids to power a proposed data center, Waterloo joined a growing list of Iowa communities voting to temporarily block data centers. The Waterloo City Council approved a three-month moratorium on data centers...
biztimes.biz
Biz Buzz: Dubuque appliance store splits space with new tenant; Manchester furniture store undergoes remodel; tow service expands to Dubuque
Do you have a story idea or update to share about a local business? Ideas can be shared with reporter Thomas Gleason at [email protected] or 563-588-5647. Biz Buzz shares business tidbits from the tri-state area. This edition highlights businesses in Dubuque and Manchester, Iowa. A Dubuque appliance store is...
KCRG.com
Radio Iowa
Waterloo leaders vote to block data centers for three months
Hours after a near-two-billion dollar deal was announced to restart a nuclear plant near Cedar Rapids to power a proposed data center, Waterloo joined a growing list of Iowa communities voting to temporarily block data centers. The Waterloo City Council approved a three-month moratorium on data centers at its meeting...