A commercial lending battle royal in Kansas City

BankThink

The city, among the Midwest's most vibrant C&I markets, is luring community banks, as well as giants like PNC and JPMorgan Chase. Community banking M&A Commercial lending Kansas Missouri

Kansas City community bank plans fintech accelerator

BankThink

Fountain City Fintech, a program planned by NBKC Bank, would be one of the first fintech incubators formed by a community bank. Community banking Fintech Fintech regulations Missouri

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.

Heartland to expand Kansas City operations with Blue Valley acquisition

BankThink

The Iowa company will pay $94 million for a bank with five branches and $727 million in loans. Community banks M&A Growth strategies Missouri Iowa

Strong credit quality supports profit at Commerce in Kansas City

BankThink

Commerce Bancshares in Kansas City, Mo., reported higher quarterly results that reflected great credit quality. Commercial banking Banking Consumer banking Earnings

Save the date, Kansas City, Missouri!

CFPB

The hearing will feature remarks from CFPB Director Richard Cordray as well as testimony from consumer groups, industry representatives, and members of the public. Info for consumers Payday loans

Mazuma CU Sponsors Kansas City Pro Soccer Team

Keith Leggett's Credit Union Watch

Mazuma Credit Union signed a five-year sponsorship agreement with Major League Soccer''s Sporting Kansas City. Mazuma is also running Sporting Kansas City''s affinity card program. Mazuma is constructing at Sporting Park the Mazuma Mezzanine, a hexagonal area that will look like a soccer ball and allow fans to sit down and watch the game while they get a drink or a snack. The value of the deal was not disclosed.

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

BankThink

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. Faster payments ACH Public-private partnership Esther George Randal Quarles Federal Reserve Federal Reserve Bank of Kansas City

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.

Why so many women business owners avoid bank loans

BankThink

Small business lending Marketplace lending SBA Federal Reserve Bank of Kansas City Federal Reserve Bank of New YorkWomen are not only less likely to be approved for loans than men, they are less inclined to apply for loans in the first place. Among the reasons: aversion to debt and fear of rejection, according to a new report.

Fed dodges key decision on faster payments

BankThink

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.

Fed’s Yellen: Some adjustments warranted for post-crisis reforms

BankThink

Small business lending Capital requirements Liquidity requirements Sailthru NMN origination no display Janet Yellen Federal Reserve Federal Reserve Bank of Kansas CityFederal Reserve Chair Janet Yellen defended post-crisis reforms but allowed that further adjustments may be necessary to reduce adverse effects on small businesses and subprime borrowers.

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.

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.

Commerce Bancshares' profits surge on strong revenue growth

BankThink

Efficiency gains also drove results at the Kansas City, Mo., company. Earnings Community banking Corporate finance Fee income Missouri

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.

Credit union pitches Fed on pot payments solution

CU Insight

Denver-based, state-chartered Fourth Corner Credit Union has asked the Federal Reserve Bank of Kansas City for a master account to help social groups pushing for the legalization of marijuana.

Liberty Bancorp to buy Lawson Financial in Missouri

BankThink

Liberty will add a branch in Kansas City, Mo., along with three locations in nearby communities. Community banking M&A Capital Growth strategies Missouri

Fee income drives earnings growth at Commerce Bancshares

BankThink

The Kansas City, Mo., company also benefited from higher yields on its loans and flat funding costs. Earnings Commercial banking Consumer banking Net interest margin

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

Argentine Federal Savings (KS) Adds 14-Month CD Special (2.00% APY)

Deposit Accounts

Availability: Market area is the greater Kansas City area. Headquartered in Kansas City, Kansas, Argentine Federal Savings’ market area includes the greater Kansas City area. Opening a CD Special must be done at any of two Kansas branches, which are located in Kansas City and Overland Park. With initial assets of $460k, the Association began serving the community surrounding the Kansas City Smelting and Refining Company. (In

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Colorado credit union sues Federal Reserve Bank

CU Insight

The Fourth Corner Credit Union asked a Colorado federal judge last month to force the Federal Reserve Bank of Kansas City to issue a master account that would enable the Denver-based state chartered credit union to serve social groups that support legalizing marijuana.

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.

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.

Marijuana credit union still waiting for the Fed’s approval

CU Insight

Fourth Corner, whose board includes cannabis entrepreneurs and a Denver city councilman, received a state charter in December and has applied for deposit insurance from the National Credit Union Administration (NCUA), the federal agency that insures most credit unions. A month ago Fourth Corner received a letter from Esther George, president of the Federal Reserve Bank of Kansas City.

What this community bank learned from its fintech accelerator

BankThink

In venturing into what's normally a province of large banks, nbkc in Kansas City, Mo., discovered innovative tax-management and other products that it could offer to its own customers or sell to other banks. Fintech Community banking Fintech regulations Tax planning Artificial intelligence Gig economy NBKC Bank

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

Loan, fee growth boost UMB Financials' 2Q earnings

BankThink

Strong gains in interest and fee income offset higher expenses and chargeoffs at the Kansas City, Mo., company. Earnings Commercial banking

Commerce Bancshares' profit climbs 10% on strong loan, margin growth

BankThink

A 9% increase in net interest income more than offset rising expenses at the Kansas City, Mo., company. Earnings Commercial banking Commercial lending Net interest margin

Wal-Mart online grocery pickup service expands to eight cities

The Paypers

(The Paypers) Wal-Mart is expanding free curbside pickup of groceries into eight cities in April 2016, including Kansas City and Austin

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

Royal execution

CU Insight

In my hometown, the Royals’ World Series victory last year has all of Kansas City buzzing about the possibilities of this year’s season. Will they be able to replicate their successes?

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

UMB Financial sells asset manager it obtained in 2015

BankThink

The Kansas City, Mo., company sold Marquette Asset Management, a business it gained as part of its purchase of Marquette Financial Cos., to the firm's principals. Community banking M&A Asset management Missouri Minnesota

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

Fed Grants Conditional Approval to Pot-Focused CU Serving

Keith Leggett's Credit Union Watch

The Wall Street Journal is reporting that the Federal Reserve Bank of Kansas City has granted conditional approval to a Colorado credit union to serve marijuana businesses. To win the approval of the Federal Reserve Bank of Kansas City, Four Corner Credit Union had to modify its business plan to only serve individuals and companies that support legalized marijuana, not state-licensed dispensaries.

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

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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UMB Financial profit rises on double-digit loan growth

BankThink

Big increases in construction and commercial real estate lending boosted revenue at the Kansas City, Mo., company. Commercial lending Commercial banking Community banking Commercial real estate lending Earnings UMB Financial Missouri