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X picks up two more state money licenses

Payments Dive

South Dakota and Kansas are the first states to grant X money transmitter licenses since September, inching the social media platform closer to adding a payments feature.

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Small Kansas bank failed because its CEO fell for a crypto scam: Report

American Banker

Two months after the mysterious failure of the Heartland Tri-State Bank in Elkhart, Kansas, a news article sheds light on its downfall. CEO Shan Hanes was involved in a cryptocurrency hoax involving a $12 million wire payment, according to the Bloomberg Businessweek report.

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Kansas, Missouri up penalty for ATM theft

ATM Marketplace

New laws from Kansas and Missouri will up the penalty for ATM theft.

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Regulator: Failed Kansas bank 'victim of a scam'

American Banker

Kansas Banking Commissioner David Herndon told American Banker that his agency declared Heartland Tri-State Bank insolvent because of a "very sudden" event that crippled the bank financially.

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Kansas Passes an Act Requiring Mortgage Companies, Supervised Lender, and Money Transmitters to Create Information Security Standards Consistent with GLBA’s Consumer Information Safeguard Rule

CFPB Monitor

On April 24, the Governor of Kansas signed into law Kansas Senate Bill 44 , which enacts the Financial Institutions Information Security Act (the “Act”).

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Lessons Learned From the Fourth United States Bank Failure of 2023

Perficient

In 2017, the bank was converted from its National Charter to a Kansas state-chartered bank and renamed Heartland Tri-State Bank. The FDIC’s Division of Liquidation then brokered a deal for Dream First Bank, a National Association of Syracuse, Kansas, to take over the branches of Heartland Tri-State Bank.

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

Payments Dive

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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