Our investors

To learn more about how your organization
can invest in the Newton Development Corporation,
contact Frank Liebl at (641) 787-8209 or fliebl@iowatelecom.net.

The First Newton National Bank originally opened its doors in 1882. In 1920, the Bank relocated to its current site. The Bank was forced to close its doors for a short period of time during the bank holiday of the Great Depression. A group of local businessmen reorganized the bank and chartered it as the Newton National Bank. In 1977 the bank was re-titled First Newton National Bank. In 1981 First Newton National Bank acquired the adjacent building for additional space. In 1998 the Bank went through a complete interior remodeling to better utilize space and serve the public. To this day, the Bank continues to be Newton’s only locally owned financial institution.

In mid-year, 2005, the Bank decided to branch out into a neighboring community. On Dec. 1, 2005, Bondurant National Bank in Bondurant, Iowa, was opened. First Newton National Bank has a long history of providing customers with "Hometown Service” and products that are in tune with community lifestyles and interests. This philosophy continues with our Hometown family in Bondurant.

The Bank has always been innovative in the use of new ideas and technology. First Newton National Bank was the first bank in Newton to offer ATM cards and have Automated Teller Machines. In 1997 Bank-by-Phone was added and in early 2000 the Bank began offering Internet Banking to its customers.



For more than 100 years, Alliant Energy and our predecessor companies have kept homes warm, lights burning and factories running across the upper Midwest and around the world. Alliant Energy Corporation is a regulated, investor-owned public utility holding company providing regulated electric and natural gas service to approximately 1 million electric and 400,000 natural gas customers in the states of Iowa, Wisconsin and Minnesota.

Providing its customers in the Midwest with regulated electricity and natural gas service is the company’s primary focus. In addition, our focus extends beyond our energy operations. Every day, we demonstrate our commitment to safety, environmental leadership and community involvement.

The company's statistics include:

  • More than 5,000 employees across the country and abroad.
  • Operating revenues of $3.4 billion (year-end 2007).
  • Total assets of more than $7.1 billion (year-end 2007).

Alliant Energy, headquartered in Madison, Wis., is a Fortune 1000 company traded on the New York Stock Exchange under the symbol “LNT.”



Based in Rapid City, S.D., Black Hills Company (BHC) celebrated its 125th year in 2008. Black Hills Company is a diversified energy company serving more than 750,000 customers in seven states (Iowa, South Dakota, Nebraska, Kansas, Montana, Wyoming and Colorado). Black Hills Energy is a subsidiary of BHC serving more than 148,500 industrial, commercial and residential customers in Iowa.



As one of America’s most respected community colleges, Des Moines Area Community College (DMACC) is committed to helping its students achieve success, ignite passions and realize dreams. Founded in September 1967, DMACC currently has more than 30,000 students on six central Iowa campuses including: Newton, Carroll, Boone, Ankeny, Des Moines and West Des Moines. Students are drawn to DMACC’s quality, affordable, student-centered education that includes small class sizes and caring faculty. While liberal arts remains DMACC’s largest program, other top two-year degrees include agribusiness, nursing, information solutions, network administration, computer information systems and telecommunications networking.

Stop by for a personal visit or click here to learn more about DMACC’s Newton campus.



Iowa Telecom is the largest provider of telecommunications services to residential and business customers in rural Iowa, serving more than 450 communities across the state and six Minnesota communities. The company’s corporate headquarters is located in Newton, Iowa, and employs nearly 800 people. Iowa Telecom is the second-largest local exchange carrier in Iowa and estimated to be in the top 20 largest in the United States. Iowa Telecom currently operates 288 telephone exchanges as the incumbent or "historical" local exchange carrier and provides services to about 245,800 access lines as of Sept. 30, 2008.

In 2008, Iowa Telecom expanded retail services outside of the state for the first time with the acquisition of Bishop Communications, located in Annandale, Minn. Also in 2008, Iowa Telecom announced the acquisition of a second Minnesota company, Sherburne Tele Systems, located in Big Lake, Minn.

In addition to local telephone, the company provides long distance, Internet access, broadband and network access services to businesses and residential customers. Iowa Telecom also provides an extensive range of end-to-end enterprise-class voice, data, video and network solutions and equipment through our Custom Data Solutions area and our subsidiary, Baker Communications.

Iowa Telecom’s objective is to continue to strengthen our position as a leading provider of telecommunications services, focusing primarily on non-metropolitan markets in the Midwest.



The city of Newton is located on I-80, 35 minutes east of downtown Des Moines. It is the commercial hub for communities located in the region known as the East Central I-80 Corridor and the location of the $70 million Iowa Speedway.

Newton has a progressive award-winning municipal government which is responsive to business needs, strong financial institutions offering special rates for business, public schools which are among the top in the country, and a community college with local four-year college degree programs and on-site advance degree programs with the University of Iowa and Iowa State University, plus specialized education/job training programs to meet specific employer needs.



Click here for a complete listing of our investors.


600 N. 2nd Ave W., Suite P
Newton, Iowa 50208
(P) 641-787-8209
(F) 641-787-8211
frankliebl.ndc@gmail.com