Kansas and Washington Update CU Acts

Keith Leggett's Credit Union Watch

Two states, Kansas and Washington, have passed legislation updating their credit union statutes. The Kansas House and Senate approved a bill ( HB 2101 ) that would update state credit union statutes. In Washington-state, Governor Jay Inslee signed into law House Bill 1247.

'We're not in Kansas anymore': Summit focuses on elevating CX in a digital banking world

Mobile Payments Today

With a lot of courage, heart and brains, Suresh Ramamurthi and his wife Suchitra Padmanabhan turned a failing bank into a fintech phenom in tiny Weir, Kansas. In a keynote at the BCX Summit, Ramamurthi will talk about CBW's journey — and its far-reaching implications for the bank customer experience

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US Supreme Court To Take Up States’ Right To Prosecute SS Fraud By Illegal Immigrants

PYMNTS

According to a report in Bloomberg , the justices said they will rule on whether the Supreme Court in Kansas was correct in determining that only the federal government has the power to go after undocumented immigrants for those types of infractions. Kansas and the Trump administration have been pushing for the U.S. If Kansas wins, states will have a new way to fight illegal immigration. The U.S.

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Tiny Kansas bank bets big on fintech

BankThink

Community banking Capital M&A Fintech Investment strategies Missouri KansasWhile the $632 million-asset nbkc bank was the smallest known participant in the recent round of funding for Greenlight, the investment wasn't its first foray into fintech.

Equity Bancshares to buy banks in Kansas, Missouri

BankThink

The company has agreed to buy Kansas Bank Corp. Community banking M&A Capital Growth strategies Kansas Missouriand Adams Dairy Bancshares in separate transactions.

Midwest shopping spree continues for Equity in Kansas

BankThink

Community banking M&A Growth strategies Capital KansasThe company, which has completed eight acquisitions since 2015, agreed to buy City Bank and Trust in Oklahoma.

How one acquisition will drastically change this Kansas bank

BankThink

Community banking M&A Capital Growth strategies Commercial lending Commercial banking KansasCapitol Federal will enter commercial lending for the first time in its 125-year history after it buys Capital City Bank.

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

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

Regulators shutter bank in Kansas

BankThink

Farmers and Merchants State Bank of Argonia, Kan., was the seventh institution to fail this year. Failures FDIC

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

Former Kansas CU CEO faces June sentencing

CU Insight

A former president/CEO of a Kansas credit union will be sentenced in June for embezzling nearly $40,000, according to the U.S. million 1st Kansas Credit Union. The post Former Kansas CU CEO faces June sentencing appeared first on CUInsight.

Kansas banking commissioner named for Fed community banking seat

BankThink

Michelle Bowman, a former community banker and now the Kansas State Bank Commissioner, was one of two Federal Reserve Board nominees announced by the White House on Monday. President Trump also nominated Columbia University Richard Clarida as vice chair. Community banking Trump administration State regulators Federal Reserve CFTC

'We're not in Kansas anymore': Summit focuses on elevating CX in a digital banking world

ATM Marketplace

With a lot of courage, heart and brains, Suresh Ramamurthi and his wife Suchitra Padmanabhan turned a failing bank into a fintech phenom in tiny Weir, Kansas. In a keynote at the BCX Summit, Ramamurthi will talk about CBW's journey — and its far-reaching implications for the bank customer experience

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.

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

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

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.

Colorado and Kansas CUs Buy Corporate Office Buildings

Keith Leggett's Credit Union Watch

Elevations Credit Union (Boulder, CO) and Meritrust Credit Union (Wichita, KS) have purchased corporate office buildings. Office-supply chain Staples has sold its four-story corporate office building in Broomfield for $16.5 million to Elevations Credit Union. According to public records, Staples Contract and Commercial Inc., sold its 149,038-square-foot building and 17.6 acres at 1 Environmental Way in the Interlocken business park to One Environmental Way LLC, an entity created by Elevations.

Equity continues buying spree with Oklahoma branch deal

BankThink

The Kansas company has agreed to buy thee offices from MidFirst Bank. Community banking Strategic buyers Branch network Oklahoma Kansas

Kansas and Missouri league members approve merger

CU Insight

Ninety-four percent of about 200 member credit unions in Kansas and Missouri voted in favor Monday to merge in their state associations into the Heartland Credit Union Association effective Jan. The post Kansas and Missouri league members approve merger appeared first on CUInsight.

Equity Bancshares to Buy Prairie State in Kansas

American Banker

Equity Bancshares in Wichita, Kan., has agreed to buy Prairie State Bancshares in Hoxie, Kan. breaking_news community-banking ks dealmaking-strategy

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

Bad checks could push a Kansas bank into the red

BankThink

Landmark Bancorp in Manhattan, Kan., could lose more than $5 million — more than it earned in the first half of the year — if a recently discovered overdraft situation cannot be resolved. Community banking Community banks Overdrafts Checking Fraud losses Fraud liability

Bad checks could push a Kansas bank into the red

Payments Source

Landmark Bancorp in Manhattan, Kan., could lose more than $5 million — more than it earned in the first half of the year — if a recently discovered overdraft situation cannot be resolved. Community banking Community banks Overdrafts Checking Fraud losses Fraud liability

Equity in Kansas Raises $35M to Support Expansion

American Banker

Equity Bancshares in Wichita, Kan., has raised $35.4 million in a common stock offering and plans to use the proceeds to pay down a line of credit and support growth. breaking_news community-banking capital strategic-alternatives ks dealmaking-strategy

Why this 125-year-old thrift is getting into commercial lending

BankThink

Community banking Mortgages Commercial lending M&A Consolidations KansasCapitol Federal Financial has mostly relied on mortgages throughout its history. Its acquisition of a commercial lender will change that.

Legal Haze Thickens for Pot Businesses

New York's State of Mind

Anyone in a credit union considering offering banking services to marijuana businesses should take the time to make sure that their attorney is paying close attention to litigation between the Federal Reserve Bank of Kansas and the Fourth Corner Credit Union of Colorado. Federal Reserve Bank of Kansas, U.S. […]. Legal Watch Regulatory Federal Reserve Bank of Kansas Fourth Corner Credit Union Marijuana

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.

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.

National Bank Holdings to boost operations in Colo., Kan. with latest deal

BankThink

Community banking M&A Capital Sailthru NMN origination no display Colorado Kansas New MexicoThe company will also gain its first branches in New Mexico after it buys Peoples Inc.

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.

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.

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

A big-picture way forward for banks in the digital economy

Accenture

Many long-time commercial bankers are getting the same feeling Dorothy had in the Wizard of Oz—that they’re not in Kansas anymore. For example, extrapolation from publically available data suggests that in its quest to sign up new drivers, Uber may. Read more.

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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. Bank Innovation 2018 will take place March 5-6 in San Francisco.

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

First FitBit, Now Garmin Releases Smartwatch with Payments

Bank Innovation

The Olathe, Kansas-based Garmin announced the new smartwatch today at the International Franchise Association’s […]. EXCLUSIVE – Add another fitness focused tech wearable to MasterCard’s list.

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Wrap of week #22: Midwest, Southwest, Insurtech, Altfi, Payments

Bank Innovation

Last week we hovered over the Midwest and the Southwest; Kansas and Austin, TX. Kansas: A global alternative exchange that IPO’d; BATS exchange. Austin TX: An alternative credit history builder running in a bank; SelfLender. We continued our Insurtech coverage focusing in the Auto Industry with 21 ventures. We offered insights in the broad Altfi space: For… Read more Wrap of week #22: Midwest, Southwest, Insurtech, Altfi, Payments. Newswire Uncategorized

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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.

Once Upon A Time: How An Examiner’s Enlightened Words Turned This Bank Around

Banker to Banker

It used to be a great bank with branches filled with vibrant customers and earnings as thick as Kansas soil. Once upon a time there was a bank that was close to failure.

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