WEST DES MOINES, IOWA – On April 24, 2025,  Bank Iowa and Foster Group are pleased to announce that they have established a strategic relationship to offer a comprehensive array of wealth management services to the bank’s farm, family and business clients.

The $2 billion Bank Iowa, a leading independent agriculture bank and the second-largest family-owned bank in the state, evaluated several wealth management firms before working with Foster Group.

According to Bank Iowa President & CEO Jim Plagge, “Values alignment is nonnegotiable anytime we plan to serve clients collaboratively with another group. Across many years of admiring Foster Group’s approach to business, it’s clear their team and ours share a people-centered mindset and a bring-your-best attitude to all we do for the Iowans we serve.”

Foster Group’s comprehensive suite of wealth management services provides a strong complement to Bank Iowa’s robust banking solutions, empowering the bank to guide clients through today’s increasingly complex financial journey. As a fiduciary, Foster Group also ensures every piece of advice is rooted in an individual client’s best interests.

Foster Group brings a holistic approach to wealth management, offering more than financial planning and investment management. The firm’s services include guidance on preserving and protecting wealth, philanthropic giving, insurance analysis and consulting and legacy planning — something that is of particular value to the thousands of farm families and ag businesses served by Bank Iowa. Foster Group’s team-based, non-commission approach — paired with its multi-generational employee ownership — reinforces the firm’s commitment to remaining as durably independent as its new partner, Bank Iowa, for generations to come.

The team at Foster Group encourages Bank Iowa clients who seek financial guidance and investment advice and investment advice visit them online.

Investment products are: Not a deposit or other obligation of the bank and not guaranteed by the bank, Not FDIC insured, not insured by any Federal Government Agency, and may lose value, including possible loss of principal. The scope of any financial planning and consulting services to be provided depends upon the terms of the engagement, and the specific requests and needs of the client. Asset allocation and diversification do not ensure or guarantee better performance and cannot eliminate the risk of investment losses.

Bank Iowa currently serves as an unaffiliated solicitor for Foster Group Inc., a SEC registered investment adviser. In the event that an individual, as a result of Bank Iowa’s introduction, engages Foster Group to provide investment advisory services, Bank Iowa shall qualify to receive from Foster Group an ongoing an ongoing quarterly referral fee equal to twenty percent (20%) of the projected revenue to be received by Foster Group from net cash flows corresponding to Bank referred clients. Bank Iowa’s receipt of the referral fee from Foster Group shall not result in any additional charge to the individual (i.e., if the individual were to engage the services of Foster Group independent of Bank’s introduction).

Bank Iowa’s endorsement of Foster Group and the recommendation that an individual engage Foster Group to provide investment advisory services presents material conflicts of interest, including: Bank Iowa has the incentive to recommend its customers engage Foster Group so that Bank can receive a referral fee from Foster Group. Foster Group could have the incentive to recommend its investment services to bank customers based on its desire to compensate Bank Iowa for referrals and incentivize Bank Iowa to continue referring prospective clients to Foster Group.

Foster Group, Inc. (“Foster Group”) is an SEC registered investment adviser with a primary business location in West Des Moines, Iowa. Registration as an investment adviser is not an endorsement by securities regulators and does not imply that Foster Group has attained a certain level of skill, training, or ability. Additional information about Foster Group, including its Form ADV Part 2A describing its services, fees, and applicable conflicts of interest and its Form CRS is available upon request and at https://adviserinfo.sec.gov/firm/summary/107148.