Kansas City Based Academy Bank Makes Strategic Acquisition

Banking Exchange

The Merger adds 5 Locations Management Feature M&A Feature3 Financial Trends Community Banking. 1Community Banking

World Central Bankers Discuss Alternatives To The Dollar

PYMNTS

The 2019 Kansas City Federal Reserve’s annual symposium gathered the top monetary policymakers worldwide to kick around ideas to topple the dollar’s power, Bloomberg reported Sunday (Aug.

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Fed official hits back at criticism of central bank’s payments role

Payments Source

Competition from the public sector in payment services has benefited the public and should not be discounted in the development of a real-time system, said Kansas City Fed chief Esther George.

Ten Questions for Kansas City Fed President Esther George

American Banker

Kansas City Federal Reserve Bank President Esther George is best known nationally as a critic of the Fed’s monetary policy, but in a wide-ranging interview she talks about Dodd-Frank, bank capitalization and the challenges facing community banking, in addition to interest rates.

Agencies cancel community reinvestment conference due to coronavirus

American Banker

FDIC Federal Reserve OCC CRA Coronavirus Federal Reserve Bank of San Francisco Federal Reserve Bank of Kansas City Joseph Otting Esther George

Kansas City Bank to Pay $2.8M in Redlining Case with HUD

American Banker

First Federal Bank of Kansas City has agreed to a $2.8 million settlement with the Department of Housing and Urban Development to resolve allegations of redlining in African-American neighborhoods. community-banking occ enforcement branch-deals mortgage law-regulation

Court Denies Pot Credit Union Access To Banking System

New York's State of Mind

a federal judge on Tuesday dismissed a credit union’s attempt to force the federal Reserve Bank of Kansas to allow it to […]. FEDERAL RESERVE BANK OF KANSAS CITYConcluding that existing federal guidance does nothing more than encourage financial institutions to “look the other way” when it comes to complying with federal laws that make the possession and sale of marijuana illegal.

How Academy Bank is using video to improve service efficiency

Bank Innovation

When customers walk into one of Academy Bank’s new branches, a banker will guide them to a screen where they can video chat with a specialist at Academy’s headquarters in Kansas City.

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nbkc bank Taps Finastra to Build Conversational Banking App

Bank Innovation

Kansas City-based nbkc bank is building a conversational banking app with Finastra on the vendor’s growing FusionFabric.cloud open platform.

Lead Bank and GoldBean Will Talk Bank-Startup Success at Bank Innovation 2018

Bank Innovation

At Lead Bank, a Kansas City, Mo.-based EXCLUSIVE – Josh Rowland, Chief Executive Officer and Vice Chairman of Lead Bank, will join Jane Barratt, CEO of GoldBean, to discuss banking innovation and bank-startup partnerships.

Robo adviser Betterment launches checking account

American Banker

Betterment has debuted a bank account, in conjunction with partner nbkc bank in Kansas City, Mo., that is targeted at millennials and marketed as a complement to its long-term savings products. Digital banking Robo advisors

This Is How Our Regulators Are Viewing Bank Risk, Capital And Org Structure

Banker to Banker

The Kansas City Fed released an interesting research paper titled The Effect of Risk and Organization Structures on Bank Capital Ratios. The research looks at how risk and a bank’s organizational structure impacts its capital levels.

Bowman Concerned About Community Banks’ Exit from Mortgage Markets

ABA Community Banking

Speaking to attendees at a mortgage industry event in Kansas City, Missouri, today, Federal Reserve Governor Michelle Bowman expressed optimism about the trajectory of the housing market but raised concerns about the declining number of community banks remaining in the consumer real estate mortgage market.

UMB Adjusts Sales Incentives for Branch Employees

American Banker

UMB Financial in Kansas City, Mo., has made changes to incentive compensation for its branch employees. breaking_news consumer-finance dealmaking-strategy performance retail-branch-strategies national-regional

Hawk. Dissident. Advocate. Why Esther George Stands Out at the Fed

American Banker

The president of the Kansas City Federal Reserve Bank is best known for her dissenting votes on monetary policy, but that's not the only way she stands out.

CFPB Set to Release Payday Lending Proposal on June 2

American Banker

The bureau said Wednesday that it plans to hold a public hearing in Kansas City, Mo., The hearing will be held at the Kansas City Convention Center and will feature remarks from CFPB Director Richard Cordray, as well as testimony from consumer groups, industry representatives, and the public. to discuss small dollar lending.

Fee Income, Loans Boost Profits at Commerce Bancshares

American Banker

Fees and loans drove up third-quarter profits at Commerce Bancshares in Kansas City, Mo. breaking_news performance earnings-national-regional-banks mo national-regional

Fed Says America Needs Instant Payments As Soon As Possible

PYMNTS

Brainard, Kansas City Fed President Esther George and Boston Fed First Vice President Kenneth Montgomery also noted that the FedNow system will provide another option in a landscape already populated by, for example, The Clearing House Payments Co.

Dickinson Financial to Buy Merit Bank in Kansas

American Banker

Dickinson Financial in Kansas City, Mo., has agreed to buy Community Bancshares of Kansas in Overland Park. breaking_news community-banking m-a mo ks dealmaking-strategy

Regional Fed Presidents to Testify Before House Panel Next Week

American Banker

Kansas City Federal Reserve Board President Esther George and Richmond Fed President Jeffrey Lacker will testify before a House panel on Wednesday. breaking_news fed law-regulation

Target Circle Loyalty Program To Go Nationwide In October

PYMNTS

19 in five cities: Kansas City, Phoenix, Denver, Indianapolis and Charlotte, North Carolina. Starting on Oct. 6, Target reportedly plans to bring its revamped loyalty offering nationwide.

UMB Profit Rises as Turnaround Continues

American Banker

UMB Financial in Kansas City, Mo., reported higher quarterly profit as it continues to makes progress on a multi-year effort to slash expenses. breaking_news national-regional performance earnings-national-regional-banks community-banking

Commerce 1Q Profit Rises on Higher Commercial Lending

American Banker

First-quarter profit improved at Commerce Bancshares in Kansas City, Mo., as commercial-and-industrial loans increased. breaking_news performance mo national-regional

Brex Offers FDIC Insurance, Adds Chief Legal Officer

PYMNTS

a financial services holding company based in Kansas City, Missouri. “We’re Brex , the San Francisco financial technology startup, is offering FDIC insurance on its no-fee cash management account, the company announced Wednesday (July 22).

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Fed Names Leader For FedNow Faster Payments Service

PYMNTS

Ken brings deep financial services insights and technical expertise to his new role,” said Esther George, president and chief executive officer, Federal Reserve Bank of Kansas City, who is also the sponsor of the Fed’s payments improvement initiative. “He

UMB Profits from M&A, Names CFO

American Banker

UMB Financial in Kansas City, Mo., on Tuesday reported higher than expected quarterly profits due to loan growth from a recent acquisition. breaking_news dealmaking-strategy earnings-national-regional-banks m-a commercial-lending national-regional

Target To Bring Fresh, Frozen Groceries To Customers’ Cars

PYMNTS

The company said in a release that it piloted the expanded grocery pickup program in Kansas City and in the Twin Cities in Minnesota. Target Corp.

Chase Plans Expansion In Top US Markets In 2019

PYMNTS

Louis, Missouri; Pittsburgh, Pennsylvania; Kansas City, Kansas and Greenville, South Carolina, among others. Chase has announced it is expanding its retail footprint into nine of the top American markets, as well as opening dozens of new locations in the greater Washington, D.C

New Wire Fraud Scam Reroutes Direct Deposit Paychecks

PYMNTS

KVC Health Systems, a child welfare nonprofit based out of Kansas City, has been hit with the scam. A new type of phishing scam targets the HR departments of companies and asks for reroutes on direct deposit accounts, CNBC reported.

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Credit Card Interest Rates Rise To Near-Record Levels

PYMNTS

Despite some previous pushback, the Fed, represented by Federal Reserve Bank of Kansas City President and Chief Executive Officer Esther L. The average interest rates on credit cards are nearing record levels, in spite of a 50-basis-point decline on a 10-year note yield.

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Retail Reopening Hinges On Dangerous Discounts

PYMNTS

For example, the Dillard’s store in Kansas City reported strong traffic as did its neighbors in the city’s Zona Rosa shopping district. There are deals on things that are rarely discounted, like cosmetics and Kendra Scott jewelry,” reported Fox4 in Kansas City.

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Higher Education Eyes Freezing Tuition

PYMNTS

It isn’t alone — Delaware Valley University in Pennsylvania, Kansas City University and Central Michigan University are also considering similarly unchanged rates in order to offer an olive branch to students and families struggling due to the virus and the costly rates of higher education.

A Tonic for the Advisory Blues at UMB

American Banker

UMB Financial in Kansas City, Mo., reported higher profits as loan growth from a recent acquisition helped offset ongoing declines in its advisory business. breaking_news dealmaking-strategy performance m-a community-banking

The Bancorp to Sell HSA Accounts to UMB Financial

American Banker

has agreed to sell a portfolio of health savings accounts to UMB Financial in Kansas City, Mo. The Bancorp in Wilmington, Del., The portfolio has about 40,000 accounts with $76 million in deposits and investment assets. breaking_news community-banking de mo dealmaking-strategy

Is This Community Bank’s Bold Digital Play The Model Of The Future?

The Financial Brand

Here's how a community bank in Kansas City is partnering with fintechs, simplifying its products and processes, and expanding nationally. The post Is This Community Bank’s Bold Digital Play The Model Of The Future? appeared first on The Financial Brand. Digital Banking Strategies