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


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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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.

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

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.

Fed dodges key decision on faster payments

Payments Source

Faster payments Payments Real-time payments Cybersecurity TBTF Community banks Credit unions Policymaking Janet Yellen Esther George Federal Reserve Federal Reserve Bank of Kansas City The Clearing House AssociationThe central bank said Wednesday that it will assess a range of options regarding its operational role in a modernized payment system, an issue that divides large and small banks.

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.

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.

Bowman Concerned About Community Banks’ Exit from Mortgage Markets

ABA Community Banking

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.

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.

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.

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

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.

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

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

Target Circle Loyalty Program To Go Nationwide In October


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.

Fed Names Leader For FedNow Faster Payments Service


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

Credit Card Interest Rates Rise To Near-Record Levels


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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Chase Plans Expansion In Top US Markets In 2019


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

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

New Wire Fraud Scam Reroutes Direct Deposit Paychecks


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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Fed Becomes Founding Sponsor Of Faster Payments Council


Our payment system is a vital part of America’s infrastructure that touches everyone,” said Esther George, president and chief executive officer of the Federal Reserve Bank of Kansas City. The Federal Reserve System has joined the U.S.

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

Target Brings New Personalized Loyalty Program To More Cities


The program, called Target Circle, will now debut in five cities on Feb. Those five cities are: Phoenix, Kansas City, Indianapolis, Denver and Charlotte, North Carolina. Since March, Target has been quietly testing a new loyalty program for its members in Dallas.

Walmart Bringing Back Delivery To Refrigerators


The service will launch to more than one million customers in Kansas City, Missouri, Pittsburgh, Pennsylvania and Vero Beach, Florida in the fall. Walmart is relaunching its delivery service that brings groceries into the refrigerators of customers.

Fed Concerned Trade War Could Trigger Recession


Esther George of the Kansas City Fed and Eric Rosengren of the Boston Fed voted to “keep the target range unchanged,” the news outlet said. Federal Reserve officials are worried that slowing global growth, exacerbated by the U.S.-China

Burundi Prohibits Cryptocurrency Trading


In cryptocurrency news from the summer, 2019 Kansas City Federal Reserve’s annual symposium gathered the top monetary policymakers globally to kick around ideas to topple the dollar’s power per reports in August.

US Government Chooses Partners For Payroll Updates


The U.S. government is updating its payroll systems and has picked payroll partners to support the modernization process. In an announcement on Thursday (Sept. 12), the U.S.

What's Next for Energy Lenders? Lots of 'Wound-Licking'

American Banker

Expect banks to pull back on energy lending in the near term, as regulators step up their scrutiny of oil loans and bankers approach the business with a "different attitude," says Mariner Kemper, chairman and chief executive at UMB Financial in Kansas City, Mo.

Academy Bank Stretching Out from Walmart-Based Branches

American Banker

in the metro Kansas City area. The $973 million-asset bank will build one of its first stand-alone branches this year in Fairway, Kan., Most of Academy's 88 branches are located inside Walmart stores. breaking_news community-banking ks co consumer-finance

Women in Banking: Chatbots and Innovation Beyond Tech

American Banker

Stessa Cohen warns that if we aren't careful, we could bring old gender biases into world of bank bots; Amy Nauiokas argues bank innovation should be applied more broadly, not just in technology; Marva Smalls recalls how she broke out of her comfort zone; and Esther George of the Kansas City Fed talks about staying true to her convictions.

Crisis Management 101: Communication Is Key

American Banker

The best way to navigate through a rough patch is to proactively communicate with employees, says Mariner Kemper, chairman and chief executive of UMB Financial in Kansas City, Mo., which last fall overhauled its executive team and announced a major initiative to control costs. dealmaking-strategy

Google Pay Adds Support For 26 New Banks This Month


Central Bank of Kansas City. Google Pay has added support for 13 new banks in July, bringing the total number of banks added this month to 26, according to reports. Google has been adding banks at a rate of about every other week.

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Health Care Companies Data At Risk Of Being Compromised


John Huff, director of the Missouri Department of Insurance, said in a statement in the report that information on 411,786 members of Blue Cross Blue Shield of Kansas City was potentially taken. Health care companies hold the keys to a lot of sensitive consumer data, and a hack of that data could open up a can of worms. That could be the case with 12 health care payers, who are at risk of being hacked after a health care vendor was compromised.

Walmart Pulls Cannabis Christmas Tree From Website


Walmart, ever the buzzkill, promptly removed the tree last week — right around the time The Kansas City Star discovered the tree and ran the headline, “Walmart is selling a ‘Weed Marijuana Leaf Christmas Tree’ this season.”. Walmart was briefly helping shoppers deck the halls in an rather unusual way this year — with a $250 “weed leaf” artificial Christmas tree. Yes, for marijuana enthusiast with cash to burn, there exists in the world a 7 ft.

MILE High Confusion Has National Implications

New York's State of Mind

On the same day NCUA and the Federal Reserve Bank in Kansas City were being sued in federal court after blocking a Colorado credit […]. Compliance Legal Watch Mortgage Lending New York State canabis Kansas Share InsuranceThe legal fog surrounding banking and marijuana got thicker on Friday. New York State announced the five companies that would be allowed to legally produce and distribute marijuana for medical purposes.

Lime Raises $310M For Micromobility Expansion


We will also continue investing in two critical areas: rider safety and city collaboration.”. Partnerships like our transit data sharing for bike lane planning in Austin and Kansas City, or our membership on the St.